{
  "id": 17887448,
  "title": "Eterna revenue hits N365bn as earnings rise",
  "url": "https://urgent.news/2026/11/03/eterna-revenue-hits-n365bn-as-earnings-rise-17887448",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T01:31:40.000Z",
  "source": {
    "name": "Punch",
    "slug": "punch",
    "url": "https://punchng.com/eterna-revenue-hits-n365bn-as-earnings-rise/"
  },
  "original_language": "en",
  "account": "Eterna Plc reported a significant 71.7% increase in revenue for the nine months ending September 30, 2026, amounting to N365.56bn. This represents a sharp contrast to the N212.84bn recorded for the comparable period in 2025. The company's financial health also saw a marked improvement, with gross profit rising from N9.94bn to N23.33bn, operating profit increasing from N3.19bn to N11.19bn, and profit before tax climbing from N1.40bn to N10.28bn. The post-tax profit was notably higher at N7.34bn compared to the N325.88m in the same period last year, while the basic earnings per share surged to N3.36 from N0.25.\n\nEterna's total assets grew to N114.19bn by the end of September 2026, up from N92.19bn at the year-end of 2025, while total equity expanded to N32.99bn from N7.77bn over the same period. The company's Managing Director and Chief Executive Officer, Dr Jude Nwaulune, emphasized the company's commitment to operational performance enhancement, financial discipline maintenance, and sustainable value delivery. He affirmed the company's dedication to operational efficiency improvements, growth pursuit opportunities, and long-term value creation for shareholders and stakeholders. Eterna operates in the fuels, lubricants, and gas sectors, with a focus on distribution strengthening, customer experience improvement, and sustained 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": [],
  "editors_take": null,
  "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."
}