Indigenous Energy Firm Grows Revenue By 71.7%

Indigenous energy firm Eterna Plc has announced its unaudited consolidated financial results for Q3 YTD 2026, covering the nine months ended 30 September 2026.
The report shows strong growth in revenue, operating profit and earnings compared with the corresponding nine-month period in 2025.

The Company reported revenue of ₦365.56 billion, representing a 71.7 per cent increase from ₦212.84 billion in 2025.
Gross profit rose to ₦23.33 billion from ₦9.94 billion, while operating profit increased to ₦11.19 billion from ₦3.19 billion.

Profit before tax climbed to ₦10.28 billion, compared with ₦1.40 billion in 2025. Profit after tax reached ₦7.34 billion, up from ₦325.88 million, while basic earnings per share stood at ₦3.36, compared with ₦0.25 in the prior-year figures.

Eterna’s consolidated total assets stood at ₦114.19 billion as at 30 September 2026, compared with ₦92.19 billion at 31 December 2025. Total equity rose to ₦32.99 billion from ₦7.77 billion over the same period, reflecting a stronger financial position.

Commenting on the results, the managing director/chief executive officer, Dr Jude Nwaulune, emphasised the Company’s focus on strengthening operational performance, maintaining financial discipline and delivering sustainable value.

“Our Q3 YTD results reflect the progress we are making in building a stronger and more resilient Eterna. We remain committed to driving efficiency across our operations, pursuing opportunities for growth and creating long-term value for our shareholders and stakeholders.”

Eterna Plc remains focused on its strategic priorities across fuels, lubricants and gas, supported by initiatives aimed at strengthening distribution, enhancing customer experience and sustaining growth across its businesses.