Eterna Plc Reports N5.88bn Profit for Half-Year 2026

Eterna Plc announced its unaudited consolidated financial results for the half-year ended June 30, 2026, showcasing significant growth in revenue and profitability. Revenue surged by 38% to N217.31 billion from N157.65 billion in the same period of 2025.

Gross profit more than doubled to N15.99 billion, while operating profit rose to N8.78 billion from N2.34 billion. Profit before tax skyrocketed by 389% to N7.67 billion, up from N1.57 billion in the previous year.

Profit after tax also saw a substantial increase to N5.88 billion from N573.81 million, with earnings per share improving to N2.69 from N0.44. The company's total assets reached N82.75 billion, with cash and bank balances rising to N20.36 billion.

Total liabilities decreased to N51.22 billion, and total equity increased to N31.53 billion. Dr. Jude Nwaulune, Managing Director/CEO, stated that these results reflect the strength of their business and the impact of disciplined execution, emphasizing a focus on expanding various business sectors and improving operational efficiency.