{
  "id": 18080707,
  "title": "Eterna’s 9M pre-tax profit surges 635.8% to N10.28 billion, beats Q3 forecast",
  "url": "https://urgent.news/2026/11/04/eternas-9m-pre-tax-profit-surges-635-8-to-n10-28-billion-beats-q3",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-04T06:28:40.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/11/04/eternas-9m-pre-tax-profit-surges-635-8-to-n10-28-billion-beats-q3-forecast/"
  },
  "original_language": "en",
  "account": "Eterna Plc announced a staggering surge in pre-tax profits for the nine months ending September 30, 2026, with a remarkable 635.8% increase to N10.28 billion, surpassing analysts' expectations. The company's third-quarter pre-tax profit also exceeded forecasts, doubling to N2.61 billion from a loss of N198.43 million in the same period last year. Eterna's standalone Q3 pre-tax profit of N2.54 billion was 115.97% higher than the projected N1.18 billion. Despite higher administrative costs, the group's revenue expanded by 71.75% to N365.56 billion, with fuel revenue playing a pivotal role in the financial performance. Operating expenses also grew, but revenue growth more than compensated for the cost increase, leading to a significant improvement in gross profit, which rose by 134.79% to N23.33 billion. Eterna's total assets increased by 23.86% to N114.19 billion as of September 2026, driven by higher inventories and cash balances, and the company reported a net cash generation of N22.89 billion from operations, up from N20.10 billion in the previous year. The positive cash flow and reduced borrowings suggest a strengthened liquidity position. Eterna's share price closed at N42.75 on November 3, 2026, marking a 29.60% increase over the past three months.",
  "summary": "Eterna Plc reported a consolidated pre-tax profit of N10.28 billion for the nine months ended September 30, 2026, representing an increase of 635.80% from N1.40 billion recorded in the corresponding period of 2025. The post Eterna’s 9M pre-tax profit surges 635.8% to N10.28 billion, beats Q3 forecast appeared first on Nairametrics .",
  "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."
}