{"id":7462,"date":"2026-11-03T10:31:31","date_gmt":"2026-11-03T10:31:31","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/03\/eterna-reports-n7-34-billion-profit-as-earnings-per-share-rise-businessday-ng\/"},"modified":"2026-11-03T10:31:31","modified_gmt":"2026-11-03T10:31:31","slug":"eterna-reports-n7-34-billion-profit-as-earnings-per-share-rise-businessday-ng","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/03\/eterna-reports-n7-34-billion-profit-as-earnings-per-share-rise-businessday-ng\/","title":{"rendered":"Eterna reports N7.34 billion profit as earnings per share rise \u2013 Businessday NG"},"content":{"rendered":"

Eterna Plc\u2019s nine-month net income rose more than twentyfold as revenue climbed 71.7 percent, pushing earnings per share to N3.36 from\u00a0N0.25 a year earlier.\n<\/p>\n

Profit after tax reached\u00a0N7.34 billion in the nine months ended Sept. 30, up from\u00a0N325.88 million in the same period of 2025, according to the company\u2019s unaudited consolidated results.\n<\/p>\n

Revenue rose to\u00a0N365.56 billion from N212.84 billion. Gross profit increased to\u00a0N23.33 billion from\u00a0N9.94 billion, which works out to a gross margin of about 6.4 percent, up from roughly 4.7 percent.\n<\/p>\n

Read also:\u00a0Six takeaways from Eterna\u2019s half-year 2026 results<\/a><\/strong>\n<\/p>\n

Operating profit more than tripled to\u00a0N11.19 billion from\u00a0N3.19 billion. Profit before tax climbed to\u00a0N10.28 billion from N1.40 billion.<\/p>\n

Balance Sheet<\/strong><\/h2>\n

Total assets stood at\u00a0N114.19 billion at Sept. 30, compared with\u00a0N92.19 billion at the end of 2025, an increase of about 24 percent. Total equity rose to\u00a0N32.99 billion from\u00a0N7.77 billion over the same period, more than quadrupling and strengthening the company\u2019s financial position.\n<\/p>\n

Jude Nwaulune, managing director and chief executive officer said the results reflect progress in building a stronger business.\n<\/p>\n

\u201cOur Q3 YTD results reflect the progress we are making in building a stronger and more resilient Eterna,\u201d he said. \u201cWe remain committed to driving efficiency across our operations, pursuing opportunities for growth and creating long-term value for our shareholders and stakeholders.\u201d\n<\/p>\n

Nwaulune also pointed to the company\u2019s focus on operational performance and financial discipline.\n<\/p>\n

Eterna said it is concentrating on fuels, lubricants and gas. Its initiatives include strengthening distribution, improving the customer experience and sustaining growth across its businesses.<\/p>\n

The results show a business that is much larger in sales and also earning more from each naira of revenue. Even so, margins remain thin in absolute terms. Gross profit was a small share of revenue, which suggests the company still depends on volume to generate returns.<\/p>\n

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Source: <\/p>\n

Businessday NG<\/div>\n","protected":false},"excerpt":{"rendered":"

Eterna Plc\u2019s nine-month net income rose more than twentyfold as revenue climbed 71.7 percent, pushing earnings per share to N3.36 from\u00a0N0.25 a year earlier. Profit after tax reached\u00a0N7.34 billion in… <\/p>\n","protected":false},"author":1,"featured_media":7463,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-7462","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/7462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=7462"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/7462\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media\/7463"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=7462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=7462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=7462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}