Lagos, Nigeria – Eterna Plc has reported a profit before tax of N7.2 billion (approximately $4.61 million) in its audited 2025 financial statements, marking a 62.22 percent increase from N4.4 billion recorded in 2024, driven by foreign exchange gains and lower finance costs.
Okay News reports that full-year revenue stood at N302.3 billion, representing a 3.59 percent decline compared to N313.6 billion in the prior year. Fuel sales remained the dominant revenue source at N261 billion, followed by lubricants at N38.5 billion.
Cost of sales rose to N286.8 billion from N273.6 billion, causing gross profit to decline sharply to N15.4 billion from N39.9 billion. However, a 9,370 percent surge in other income and a swing to foreign exchange gains of N599 million helped preserve profitability.
Finance costs declined by 30.8 percent to N5.3 billion, lifting profit before tax to N7.2 billion. After accounting for a tax expense of N4.3 billion, profit after tax settled at N2.9 billion.
Total assets expanded significantly to N92.1 billion from N67.4 billion, driven largely by inventories which stood at N57.9 billion. Total obligations rose to N84.4 billion, while the company reversed a N1.5 billion retained loss to a N1.3 billion profit, lifting total equity to N7.7 billion.
The stock trades at N34.90 per share, with a year-to-date gain of 22.46 percent. Trading is set to resume on Tuesday after the Easter holiday.
