Eterna Plc has reported a 71.7 per cent rise in revenue to N365.56bn for the nine months ended September 30, 2026, up from N212.84bn in the corresponding period of 2025.
The company’s unaudited consolidated results for the third quarter and nine months also showed strong growth in gross profit, operating profit and earnings.
Profit rebounds
Gross profit rose to N23.33bn from N9.94bn, while operating profit increased to N11.19bn from N3.19bn. Profit before tax climbed to N10.28bn from N1.40bn.
Profit after tax stood at N7.34bn, compared with N325.88m a year earlier. Basic earnings per share rose to N3.36 from N0.25.
Stronger balance sheet
Total assets stood at N114.19bn as of September 30, 2026, up from N92.19bn at December 31, 2025. Total equity rose to N32.99bn from N7.77bn over the same period.
The Managing Director and Chief Executive Officer, Dr Jude Nwaulune, said the company remains focused on improving 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,” he said. “We remain committed to driving efficiency across our operations, pursuing opportunities for growth and creating long-term value for our shareholders and stakeholders.”
Eterna operates across the fuels, lubricants and gas segments, with initiatives aimed at strengthening distribution, improving customer experience and sustaining growth.
