WATCH THE VIDEO HERE Eternal Oil Plc has declared a pre-tax profit of N1.4 billion for the first quarter of the year. The pre-tax profit is above its projection of N756 million. The company said the improvement reflects the positive impact of FX stability on the company’s performance and signals a solid start to the year. It added that the strong result was mainly due to the absence of foreign exchange losses, a major turnaround from the N10.688 billion FX loss recorded in Q1 2024. Eterna’s stock has been on a tear this year. It closed at N49.95 on April 30, 2025, marking a year-to-date gain of 106%, ranking it the 8th best performing stock on the NGX.
Eternal Oil declares N1.4b pre-tax profit in Q1 2025
