Highlights
- Revenue grew by 43% Year-on-Year (YoY) from ₦939.21 billion to ₦1.34 trillion.
- Gross Profit grew by 182% YoY from ₦215.81 billion to ₦609.06 billion.
- Profit after tax rose by 2,324% YoY, from ₦7.14 billion to ₦172.97 billion.
- Operating profit increased by 153% YoY to ₦606.33 billion in Q2 2026.
- Declared interim dividend of US5 cents and Special dividend of US7 cents.
Outlook
WSTC Research expects revenue and operating profit to remain strong through H2 2026 as we expect continued increase in production from the idle well restoration programme taking place at ANOH ramp-up, and the return of NGL processing following pipeline repairs. This is expected to impact earnings positively. Oil prices remain a key determinant of revenue growth. The higher the price, the larger the expected revenue.
Please follow the link “Seplat Energy Plc Q2 2026 – Operational Expansion Supports Earnings Resilience” to view the whole report.
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