Eterna Plc Reports N302bn Revenue, Plans Expansion

Eterna Plc held its 33rd annual general meeting on Tuesday, where it presented its audited financial statement for the year ending December 31, 2025. The company reported a revenue of N302.4 billion, demonstrating resilience despite geopolitical tensions and economic volatility affecting the energy sector.

Chairman Gabriel Ogbechi emphasized the company's commitment to operational efficiency and growth strategies across its business segments. Eterna Plc plans to expand its retail station footprint and enhance its operational capacity, particularly in lubricants and aviation sectors.

Managing Director and Chief Executive Officer Olumide Adeosun stated that the company is positioned to benefit from emerging opportunities in the industry. The board approved a full-year dividend of 50 kobo per share for shareholders registered by the close of business on April 13, 2026, subject to withholding tax deductions.

The financial statement is available on the company's website.