Eterna Plc recorded growths in its profit, dividend, and financial position for 2025, but its liquidity level dropped 72 percent from the 2024 figure.
A recent disclosure on the Nigeria Exchange Group (NGX) revealed the oil manufacturer and dealer recorded over 100 percent growth in its N2.9 billion profit last year, from N1.4 billion in 2024. Its earnings per share and dividend (N0.50) also rose 118 percent and 2.3 percent respectively, the highest in six years.
But its cash and cash equivalents declined from N6.9 billion in 2024 to N1.9 billion the following year, according to the group’s 2025 annual financial statement.
The constraint resulting from the liquidity risk moderated the N0.50 dividend per share the company declared in an April 7 notice. Its payout amounts to N650 million, 22.4 percent of the profit for the year, bringing the yield down to 0.01 percent, the lowest in six years.
The last time the 75th most valuable company on the Nigeria Exchange Group declared a dividend (N0.15) was four years ago.
The average compound annual dividend growth rate over these years stands at 4.1 percent
