Shareholders of Eterna Plc have approved the company’s audited financial statements for the year ended December 31, alongside other resolutions presented by the board at its 33rd yearly general meeting (AGM).

The company said the AGM provided an opportunity to review its performance during the 2025 financial year, assess strategic milestones achieved across its operations and outline its growth outlook within Nigeria’s evolving energy sector.

At the meeting, shareholders also approved a full-year dividend of 50 kobo per share for shareholders whose names appeared in the register of members at the close of business on April 13, 2026.

Speaking during the virtual AGM, Chairman of Eterna, Gabriel Ogbechie, said the company remained resilient despite operating within a challenging environment characterised by geopolitical tensions affecting global energy trading, economic reforms, pricing volatility and ongoing transitions in the downstream petroleum sector.

Ogbechie disclosed that the company posted revenue of N302.4 billion in 2025, driven by operational efficiency measures, disciplined execution of its business strategy and growth across key business segments.

“Our performance underscores the strength of our business, driven by the unwavering dedication of our people and the consistent execution of our long-term strategic vision. We remain committed to building a stronger, more sustainable business that continues to deliver value to shareholders,” he said.

The chairman said the company remained focused on sustainability, operational excellence and long-term expansion through investments in retail growth, aviation operations, lubricants, liquefied petroleum gas (LPG) expansion and environmental, social and governance-focused initiatives.

Managing Director and Chief Executive Officer of Eterna, Olumide Adeosun, said the company was strategically positioned to leverage emerging opportunities within the industry through its medium-term growth strategy focused on asset expansion and sustainability.

According to him, the company plans to expand its retail station footprint while transforming selected existing stations into flagship outlets.