Eterna Plc’s 2025 results tell a clear story, as the company balanced pressure with gradual recovery.
Firstly, revenue fell to ₦302.3 billion from ₦313.6 billion in 2024, reflecting a slight decline.
Revenue And Core Drivers
Fuel sales drove earnings, contributing ₦261 billion, while lubricants added ₦38.5 billion to total revenue.
Meanwhile, other segments contributed ₦2.7 billion, showing limited but stable diversification across operations.
Eterna Costs And Profit Performance
However, rising costs weighed on performance, as cost of sales increased to ₦286.8 billion overall.
This increase mainly stemmed from higher fuel-related expenses, which dominated the company’s cost structure.
Consequently, gross profit dropped to ₦15.4 billion from ₦39.9 billion in the previous year.
Nevertheless, the company strengthened other income, which surged to ₦9.4 billion during the period.
In addition, foreign exchange gains improved significantly, reaching ₦599.1 million from a prior loss.
These gains helped the company offset weaker margins and stabilise overall financial performance.
Furthermore, operating profit rose slightly to ₦12.5 billion despite higher administrative expenses.
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At the same time, finance costs declined by 30.8%, which eased pressure on earnings.
As a result, profit before tax climbed to ₦7.2 billion from ₦4.4 billion in 2024.
After accounting for tax of ₦4.3 billion, the company recorded profit after tax of ₦2.9 billion.
Balance Sheet And Market Outlook
Meanwhile, total assets expanded to ₦92.1 billion, driven largely by inventories worth ₦57.9 billion.
On the other hand, liabilities increased to ₦84.4 billion as operations expanded and obligations grew.
Importantly, the company strengthened equity to ₦7.7 billion from ₦4.8 billion previously.
Additionally, Eterna reversed retained losses into ₦1.3 billion profit, improving its capital position.
Following this, the market paused reaction due to the Easter holiday, and trading resumes soon.
Overall, the stock gained 22.46% year-to-date and trades at ₦34.90, signalling investor interest.
