{
  "id": 17881374,
  "title": "Eterna revenue hits N365bn as earnings rise",
  "url": "https://urgent.news/2026/11/03/eterna-revenue-hits-n365bn-as-earnings-rise",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T00:48:51.000Z",
  "source": {
    "name": "Punch Nigeria",
    "slug": "punch-nigeria",
    "url": "https://punchng.com/eterna-revenue-hits-n365bn-as-earnings-rise/"
  },
  "original_language": "en",
  "account": "Eterna Plc has reported a significant surge in revenue and earnings, rising by 71.7% to N365.56bn for the nine months ending September 30, 2026, compared to N212.84bn in the same period last year. The company's financial results for Q3 2026 and the first nine months of the year also showcased substantial growth in gross profit, operating profit, and earnings. Gross profit climbed to N23.33bn from N9.94bn, operating profit surged to N11.19bn from N3.19bn, and profit before tax soared to N10.28bn from N1.40bn. Profit after tax also rose to N7.34bn from N325.88m, while basic earnings per share jumped to N3.36 from N0.25. As of September 30, 2026, Eterna's consolidated total assets amounted to N114.19bn, up from N92.19bn at December 31, 2025, while total equity increased to N32.99bn from N7.77bn over the same period. Dr Jude Nwaulune, the Managing Director and CEO, emphasized the company's commitment to improving operational performance, maintaining financial discipline, and delivering sustainable value. Eterna operates in the fuels, lubricants, and gas segments, with a focus on strengthening distribution, enhancing customer experience, and sustaining growth across its businesses.",
  "summary": "Eterna Plc has reported a 71.7% increase in revenue to N365.56bn for the nine months ended September 30, 2026, with profit after tax also rising. Read More: https://punchng.com/eterna-revenue-hits-n365bn-as-earnings-rise/",
  "key_points": [
    "Eterna's revenue increased by 71.7% to N365.56bn in nine months ending September 2026",
    "Earnings rose significantly, with profit after tax reaching N7.34bn",
    "Total assets grew to N114.19bn and equity increased to N32.99bn"
  ],
  "editors_take": "The massive jump in Eterna’s profits and assets signals a successful shift toward operational efficiency and stronger market positioning across its fuels, lubricants, and gas business segments.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}