Seplat Energy Reports 144% Revenue Growth to $2.73bn

Seplat Energy PLC (NGX: SEPLAT) announced a remarkable 144% revenue growth, achieving $2.73 billion (₦4.14 trillion) for the fiscal year ending December 31, 2025, compared to $1.12 billion (₦1.65 trillion) in 2024. The company highlighted its offshore asset contributions in its audited results filed with the Nigerian Exchange.

Cash generated from operations stood at $1.17 billion, a 276% increase, while capital expenditures were $266.8 million. The balance sheet remained robust, with net debt reduced by 25% to $673.3 million.

Seplat declared a fourth-quarter dividend of 8.3 cents per share, marking an 11% quarter-on-quarter increase and a 20% year-on-year rise, with a total dividend for 2025 set at 25 cents per share, reflecting a 52% increase from 2024. The average production for the group was 131,506 barrels of oil equivalent per day, a 148% increase from 2024, supported by the completion of the Sapel gas plant and the achievement of first gas at the Anoh gas plant.