…declares final dividend of US3.6 cents
Seplat Energy Plc has released its audited results for the year ended December 31, 2024. The results at the Nigerian Exchange Limited (NGX) shows Seplat reported revenue of $1.116 billion up 5.2 percent (FY 2023: $1.061 billion), including 19 days contribution from Seplat Energy Producing Nigeria Unlimited (SEPNU). The company noted that its underlying adjusted revenue was stable at $961 million (FY 2023: $962 million).
In naira terms, Seplat revenue rose to N1.651trillion from N696.9billion in 2023. Its gross profit of $479.9million in 2024 represents 9.8 percent decline when compared with $532million in 2023. In naira terms, the energy company’s gross profit rose to N710.1billion from N349.3billion in 2023. Profit before tax (PBT) increased to $379.4million from $191.2million in 2023, up 98.4 percent. In naira terms, its PBT rose to N561.4billion from N125.5billion in 2023.