Eterna Grows Revenue by 71.7% to N365.56bn in Nine Months
Kayode Tokede Eterna Plc has announced its unaudited consolidated financial results for nine months ended September 30, 2026, reporting strong growth in revenue, operating profit and earnings compared with the
Eterna Plc has unveiled its unaudited financials for the nine months ending September 30, 2026, revealing a remarkable surge in revenue, profit, and equity. The firm reported a staggering N365.56 billion in revenue, reflecting a substantial 71.7% increase from N212.84 billion reported in the same period last year. This growth was paralleled by a significant rise in gross profit to N23.33 billion from N9.94 billion, operating profit to N11.19 billion from N3.19 billion, and profit before tax to N10.28 billion from N1.40 billion.
The company's profit after tax reached an impressive N7.34 billion, up from N325.88 million, while basic earnings per share soared to N3.36, compared to N0.25 in the previous year.
Eterna's total assets stood at N114.19 billion as of September 30, 2026, up from N92.19 billion at the end of 2025. Total equity also saw a substantial increase to N32.99 billion from N7.77 billion during the same period, indicating a stronger financial footing. Commenting on the results, Dr. Jude Nwaulune, the Managing Director and Chief Executive Officer of Eterna, highlighted the company's commitment to enhancing operational performance, maintaining financial discipline, and delivering sustainable value to shareholders and stakeholders.
"Our Q3 YTD results reflect the progress we are making in building a stronger and more resilient Eterna," Nwaulune stated.
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