Eterna Plc reports N302 billion in revenue and plans expansion

Eterna Plc convened its 33rd Annual General Meeting, during which shareholders ratified the audited financial statements for the year ended 31 December 2025 and approved additional board resolutions.

In a Tuesday statement, the company noted that the meeting examined its 2025 financial performance, operational strategic milestones, and projected growth within Nigeria’s energy sector.

Chairman Gabriel Ogbechie, speaking at the virtual AGM, said the firm remained resilient despite geopolitical tensions in energy trading, ongoing economic reforms, price volatility, and changes in the downstream sector.

He reported that Eterna Plc generated revenue of N302.4 billion in 2025, driven by operational efficiency initiatives, execution of its business strategy, and growth in core segments.

“Our performance underscores the strength of our business, driven by the unwavering dedication of our people and the consistent execution of our long-term strategic vision. We remain committed to building a stronger, more sustainable business that continues to deliver value to shareholders,”

Ogbechie also emphasized the firm’s focus on sustainability, operational efficiency, and expansion through investments in retail, aviation, lubricants, LPG, and ESG initiatives.

The chairman announced a board‑approved full‑year dividend of 50 kobo per share for shareholders recorded in the Register of Members as of close of business on Monday, 13 April 2026, subject to withholding tax.

Managing Director and Chief Executive Officer Olumide Adeosun said the company is well placed to capture emerging industry opportunities through a medium‑term strategy centered on asset expansion and sustainability.

He added that the firm intends to enlarge its retail station network and convert selected sites into flagship outlets.

“The Company will continue to strengthen its operational capacity through targeted investments across its retail network, lubricant operations, aviation business, and other growth-focused initiatives aimed at enhancing efficiency and creating long-term stakeholder value,”

Shareholders praised the board and management for the firm’s performance, strategic direction, and emphasis on sustainable growth.

Eterna Plc noted that its audited financial statements for the year ended 31 December 2025 are accessible on its website.