Eterna Plc’s Resurgence: A Deep Dive into H1 2025 Financial Performance
Eterna Plc, a prominent integrated energy player in Nigeria, has showcased a remarkable turnaround in its financial performance during the first half of 2025. The company’s unaudited financial results reveal a significant shift from the losses incurred in the corresponding period of 2024 to a pre-tax profit of N1.6 billion. This impressive performance underscores Eterna’s resilience and adaptability within a dynamic and evolving downstream energy sector. The company’s strategic initiatives, coupled with enhanced operational execution, have played a crucial role in navigating the challenges and capitalizing on emerging opportunities within the industry.
Eterna’s revenue trajectory demonstrates sustained growth, reaching N157.7 billion in H1 2025, a notable 7% increase compared to N147.5 billion in H1 2024. This upward trend can be attributed to the company’s adept market positioning and its ability to optimize operational efficiency. Despite the full impact of post-deregulation within the industry, which has influenced margins, Eterna maintained a gross profit of N6.9 billion with a 4% gross profit margin, reflecting the company’s ability to manage costs and maintain profitability. The operating profit of N2.34 billion was further bolstered by other income of N575 million, showcasing a significant positive swing from the N14.5 billion foreign exchange loss recorded in the previous year. This demonstrates Eterna’s proactive approach to mitigating financial risks and optimizing its financial performance.
The company’s pre-tax profit of N1.57 billion stands in stark contrast to the N3.57 billion loss recorded in H1 2024, highlighting the effectiveness of the strategic measures implemented. After accounting for a tax expense of N995 million, Eterna reported a net profit of N574 million for the first half of 2025, signifying a significant improvement from the previous year’s loss. This positive performance speaks to the company’s financial stability and its potential for future growth. The earnings per share (EPS) for H1 2025 reached N0.44, a substantial improvement compared to the loss per share of N3.71 in H1 2024, further reinforcing the positive trend.
Mr. Olumide Adeosun, Managing Director/Chief Executive Officer of Eterna Plc, attributed the company’s positive trajectory to its agility, flexibility, and effective pivoting within the evolving downstream sector. He emphasized the company’s focus on driving new revenue streams, enhancing competitiveness in the lubricant segment, and maintaining cost discipline. Adeosun expressed confidence in the company’s leadership and strategic priorities, assuring investors of ample returns. These statements reflect Eterna’s commitment to sustainable growth and value creation for its stakeholders.
Eterna’s future outlook remains promising. The company is committed to expanding its footprint within the downstream energy sector while leveraging operational efficiencies, digital transformation, and strategic partnerships to maintain its growth momentum into the second half of 2025 and beyond. By embracing innovation and fostering strategic collaborations, Eterna aims to further solidify its position as a leading energy player in Nigeria.
With a diversified presence across various segments of the energy value chain, including retail marketing, aviation fueling, lubricants, LPG, and commercial fuel sales, Eterna is well-positioned to cater to the evolving energy needs of its customers and contribute to Nigeria’s energy transition goals. The company’s commitment to sustainability and its focus on operational excellence are expected to drive further growth and enhance its value proposition in the long term. As a fully integrated energy company with over three decades of experience, Eterna is well-equipped to deliver value to its customers and stakeholders across Nigeria and beyond.
