Eterna revenue hits N365bn as earnings rise

Politics Spice Special Features Education Sex & Relationship Interview Columns Opinion Advertise with us Eterna revenue hits N365bn as earnings rise Business November 3, 2026 1:31 am By Jide Ajia Kindly share this story:

Eterna Plc has reported a 71.7 per cent increase in revenue to N365.56bn for the nine months ended 30 September, 2026, compared with N212.84bn recorded in the corresponding period of 2025.

The company’s unaudited consolidated financial results for the third quarter and nine months of 2026 also showed significant growth in gross profit, operating profit and earnings.

Gross profit rose to N23.33bn from N9.94bn, while operating profit increased to N11.19bn from N3.19bn.

Profit before tax climbed to N10.28bn, compared with N1.40bn in the corresponding period of 2025. Profit after tax also rose to N7.34bn from N325.88m, while basic earnings per share increased to N3.36 from N0.25.

Eterna’s consolidated total assets stood at N114.19bn as of September 30, 2026, compared with N92.19bn at December 31, 2025. Total equity also increased to N32.99bn from N7.77bn over the same period.

Commenting on the results, the Managing Director and Chief Executive Officer, Dr Jude Nwaulune, said the company remained focused on improving operational performance, maintaining financial discipline and delivering sustainable value.

“Our Q3 YTD results reflect the progress we are making in building a stronger and more resilient Eterna. We remain committed to driving efficiency across our operations, pursuing opportunities for growth and creating long-term value for our shareholders and stakeholders,” he said.

Eterna Plc operates across the fuels, lubricants and gas segments, with initiatives focused on strengthening distribution, improving customer experience and sustaining growth across its businesses.

Jide, a seasoned journalist with over 12-year experience, reports business-related stories

Stay informed and ahead of the curve! Follow The Punch Newspaper on WhatsApp for real-time updates, breaking news, and exclusive content. Don’t miss a headline – join now!

Stay in the know—fast. Get instant alerts, breaking headlines, and exclusive stories with the Punch News App. Download now and never miss a beat.