Eterna Plc delivered a remarkable pre-tax profit of ₦6.8 billion in 2025, rising 53% from ₦4.48 billion in 2024.
Notably, the fourth quarter drove this growth, contributing ₦5.48 billion—up 72.5% from Q4 2024—as sales climbed to ₦89.6 billion.
Eterna Strong Fourth-Quarter Surge
Although full-year revenue eased slightly to ₦302.5 billion from ₦313.6 billion, fuel sales generated 86.6% of turnover, while lubricants and other products supported the remainder.
Nevertheless, Eterna strengthened profitability through strategic financial management and improved foreign exchange performance.
Margin Pressure And Strategic Gains
Meanwhile, rising costs pressured margins.
The company recorded a cost of sales of ₦290 billion, which reduced gross profit to ₦12.4 billion.
Administrative expenses rose 33.7% to ₦12.5 billion, but Eterna offset this through lower selling costs and ₦9.4 billion in other income.
In particular, a one-off ₦8.7 billion gain from debt extinguishment cushioned operating margins.
Foreign exchange also boosted results.
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Eterna achieved a net FX gain of ₦107.7 million, reversing a ₦15.8 billion loss from 2024.
Additionally, the company cut finance costs to ₦2.4 billion from ₦7.69 billion, supporting overall profitability.
Investor Confidence And Resilience
On the balance sheet, total assets rose 38.7% to ₦93.4 billion, driven mainly by higher inventories of ₦59.1 billion.
Liabilities climbed 38% to ₦86.3 billion as borrowings increased, but retained earnings rebounded to ₦685.6 million from a ₦1.5 billion loss in 2024.
Finally, investors responded positively. Shares closed at ₦32.50 on February 23, 2026, gaining 5.35% for the month.
Year-to-date, the stock rose more than 14%, fuelled by optimism in the oil and gas sector.
Eterna’s 2025 performance illustrates its resilience, as strategic cost management and FX gains drove growth despite challenging conditions.
