Eterna Plc released its unaudited first‑quarter results for the period ending 31 March 2026, showing a solid performance underpinned by operational efficiency and growth across its core segments.
The company reported revenue of ₦70.45 billion, while profit before tax reached ₦1.65 billion. After‑tax profit stood at ₦1.38 billion, translating to earnings per share of ₦1.06. These figures indicate consistent momentum for the opening quarter of the financial year and reinforce Eterna’s commitment to shareholder value.
Balance‑sheet indicators remained strong. Total assets were supported by strategic investments in product inventory, positioning the firm for improved operational efficiency and expansion in the coming quarter. The company emphasized that the robust asset base will help maintain reliable service delivery across its nationwide operations.
Commenting on the results, Managing Director and Chief Executive Officer Olumide Adeosun said the performance reflects Eterna’s continued focus on operational excellence, cost discipline, and strategic expansion. He added that the firm will build on the current momentum through targeted investments in its retail network and by expanding its aviation, lubricants and gas segments. Ongoing initiatives aimed at enhancing efficiency and delivering sustainable value to stakeholders were also highlighted.
Eterna Plc’s first‑quarter outcomes provide a clear picture of a company leveraging operational strengths to drive growth. The forthcoming quarter will test the effectiveness of its investment strategy and its ability to sustain profitability amid a competitive market environment.
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