Eterna Plc Reports Strong Q1 2026 Financial Performance

Eterna Plc announced its unaudited financial results for the first quarter ending March 31, 2026, showcasing solid performance driven by sustained operational efficiency and growth across its core business segments. The company recorded a healthy revenue of ₦70.45 billion for the quarter, with a profit before tax of ₦1.65 billion, reflecting strong momentum compared to ₦1.38 billion in the same period last year.

Earnings per share stood at ₦1.06, underscoring Eterna's commitment to delivering value to shareholders while maintaining a disciplined financial approach. The company's balance sheet remains robust, with total assets supporting strategic investments and product inventory.

Eterna Plc aims to improve operational efficiency and ensure service delivery across its nationwide operations. Mr. Olumid Adeosun, the Managing Director and Chief Executive Officer, stated that the performance reflects the company's continued focus on operational excellence and cost discipline, alongside ongoing initiatives to expand its retail network and grow its aviation lubricants segment.