Eterna Plc has reported a 71.7 per cent increase in revenue to ₦365.56 billion for the nine months ended September 30, 2026, alongside significant improvements in operating profit, earnings and shareholders’ equity, highlighting stronger business performance and improved financial resilience.
Eterna Plc has announced impressive growth in its unaudited consolidated financial results for the third quarter year-to-date (Q3 YTD) 2026, recording substantial increases across key financial indicators compared with the corresponding period of 2025.
The Nigerian energy company reported revenue of ₦365.56 billion, representing a 71.7 per cent increase from the ₦212.84 billion recorded in the first nine months of 2025.
The strong revenue performance was accompanied by significant improvements in profitability, with gross profit rising to ₦23.33 billion from ₦9.94 billion in the previous year.
Operating profit also recorded substantial growth, increasing to ₦11.19 billion from ₦3.19 billion, reflecting improved operating performance during the reporting period.
Profit before tax climbed to ₦10.28 billion, compared with ₦1.40 billion in the corresponding period of 2025, while profit after tax surged to ₦7.34 billion from ₦325.88 million.
The improved earnings performance translated into higher returns per share, with basic earnings per share increasing to ₦3.36 from ₦0.25 in the prior-year period.
Eterna Strengthens Balance Sheet as Total Assets Rise to ₦114.19 Billion
Beyond its revenue and earnings growth, Eterna recorded improvements in its financial position during the nine-month period.
The company’s consolidated total assets increased to ₦114.19 billion as at September 30, 2026, compared with ₦92.19 billion at the end of December 2025.
Total equity also rose significantly to ₦32.99 billion from ₦7.77 billion over the same period.
The growth in shareholders’ equity, alongside the expansion in total assets, points to a stronger balance sheet and improved capital position as the company continues to pursue its business expansion and operational priorities.
Management Reaffirms Commitment to Sustainable Growth and Shareholder Value
Commenting on the financial results, Eterna Plc’s Managing Director and Chief Executive Officer, Dr. Jude Nwaulune, said the company’s performance reflected progress towards building a stronger and more resilient business.
He emphasised management’s commitment to improving operational efficiency, maintaining financial discipline and identifying opportunities to drive sustainable growth.
“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,” Nwaulune said.
Eterna Focuses on Growth Across Fuels, Lubricants and Gas Businesses
Looking ahead, Eterna Plc said it remains focused on executing its strategic priorities across its core business segments, including fuels, lubricants and gas.
The company’s growth strategy is supported by initiatives aimed at strengthening its distribution network, improving customer experience and sustaining business expansion across its operations.
These priorities are expected to remain central to the company’s efforts to strengthen its market position, improve operational performance and create sustainable value for shareholders.
The latest financial results underscore a period of strong growth for Eterna, with higher revenue, improved profitability and an expanded equity base positioning the company to pursue its longer-term business objectives.
The full unaudited consolidated financial statements for the nine months ended September 30, 2026, are available on Eterna Plc’s official website.