Eterna Plc expects to post a net profit of ₦748 million in the second quarter of 2025, according to its latest earnings forecast, as the energy company continues to navigate Nigeria’s volatile economic environment.
The company projects ₦28.7 billion in turnover for the quarter, with gross profit estimated at ₦1.8 billion. Profit before tax is forecast at ₦1.1 billion, reflecting efforts to improve margins amid fluctuating fuel prices and currency pressures.
Eterna, which operates across the downstream oil sector, has focused on expanding its retail network and optimizing supply chain efficiencies to drive revenue growth. The latest projections indicate continued momentum following a turnaround in 2024, when the company swung back to profitability after a period of losses.
Investors will be watching closely to see if Eterna can sustain its recovery, particularly as Nigeria’s fuel subsidy removal and foreign exchange market reforms continue to shape the broader operating landscape.
