Eterna Plc has reported a significant increase in revenue for the nine months ended September 30, 2026. The company's revenue rose to N365.56bn, representing a 71.7% increase compared to N212.84bn recorded in the corresponding period of 2025. This growth is attributed to the company's improved operational performance and financial discipline.
The company's unaudited consolidated financial results for the third quarter and nine months of 2026 also showed significant growth in gross profit, operating profit, and earnings. Gross profit rose to N23.33bn from N9.94bn, while operating profit increased to N11.19bn from N3.19bn. These growth indicators suggest that Eterna Plc is making progress in building a stronger and more resilient business.
Profit before tax climbed to N10.28bn, compared to N1.40bn in the corresponding period of 2025. Profit after tax also rose to N7.34bn from N325.88m, while basic earnings per share increased to N3.36 from N0.25. These improvements demonstrate the company's ability to drive efficiency across its operations and create long-term value for its shareholders and stakeholders.
Eterna's consolidated total assets stood at N114.19bn as of September 30, 2026, compared to N92.19bn at December 31, 2025. Total equity also increased to N32.99bn from N7.77bn over the same period. This growth in assets and equity suggests that the company is making progress in strengthening its financial position.
Commenting on the results, Dr. Jude Nwaulune, Managing Director and Chief Executive Officer, stated that the company remains focused on improving operational performance, maintaining financial discipline, and delivering sustainable value. He emphasized that the company's Q3 YTD results reflect the progress it is making in building a stronger and more resilient Eterna.
Eterna Plc operates across the fuels, lubricants, and gas segments, with initiatives focused on strengthening distribution, improving customer experience, and sustaining growth across its businesses. The company's growth strategy is driven by its commitment to driving efficiency, pursuing opportunities for growth, and creating long-term value for its shareholders and stakeholders.
The company's Managing Director and Chief Executive Officer, Dr. Jude Nwaulune, expressed his commitment to the company's growth strategy, stating that Eterna remains committed to driving efficiency across its operations, pursuing opportunities for growth, and creating long-term value for its shareholders and stakeholders. The company's growth strategy is expected to drive future growth and profitability.
Key points
- Eterna Plc reports 71.7% increase in revenue to N365.56bn for nine months ended September 30, 2026.
- The company's gross profit rose to N23.33bn from N9.94bn, while operating profit increased to N11.19bn from N3.19bn.
- Eterna's consolidated total assets stood at N114.19bn as of September 30, 2026, compared to N92.19bn at December 31, 2025.
