Seplat Energy Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2016 - 2020
Revenue	2,092	1,116	1,061	951.8	733.19	530.47	Upgrade
Revenue Growth (YoY)	123.55%	5.17%	11.50%	29.82%	38.22%	-23.98%	Upgrade
Cost of Revenue	1,309	636.27	529.28	487.06	448	405.89	Upgrade
Gross Profit	783.05	479.9	532	464.74	285.19	124.58	Upgrade
Selling, General & Admin	202.9	147.22	143.56	137.39	80.09	66.75	Upgrade
Other Operating Expenses	27.54	-3.9	106.48	34.36	-13.39	-71.82	Upgrade
Operating Expenses	266.91	159.32	254.74	187.37	10.19	90.16	Upgrade
Operating Income	516.14	320.57	277.26	277.37	275	34.41	Upgrade
Interest Expense	-127.29	-83.07	-61.67	-65.8	-74.85	-48.93	Upgrade
Interest & Investment Income	13.1	13.2	9.56	1.16	0.31	1.67	Upgrade
Earnings From Equity Investments	13.41	20.6	1.48	-3.38	2.54	1.67	Upgrade
Currency Exchange Gain (Loss)	1.77	30.36	-27.47	-1.07	-4.38	-1.89	Upgrade
Other Non Operating Income (Expenses)	1.19	2.67	-7.96	9.19	-6.23	-28.71	Upgrade
EBT Excluding Unusual Items	418.32	304.33	191.2	217.47	192.39	-41.78	Upgrade
Gain (Loss) on Sale of Investments	-10.68	-10.68	-	-	-	-8.9	Upgrade
Gain (Loss) on Sale of Assets	-0.21	-0.21	-	-13.09	-	0	Upgrade
Asset Writedown	-	-	-	-	-15.05	-29.54	Upgrade
Other Unusual Items	85.99	85.99	-	-	-	-	Upgrade
Pretax Income	493.41	379.42	191.2	204.38	177.35	-80.21	Upgrade
Income Tax Expense	371.1	234.63	67.33	99.67	60.17	5.11	Upgrade
Earnings From Continuing Operations	122.31	144.79	123.87	104.71	117.18	-85.32	Upgrade
Net Income to Company	122.31	144.79	123.87	104.71	117.18	-85.32	Upgrade
Minority Interest in Earnings	13.89	8.56	-40.74	-42.3	24.61	10.58	Upgrade
Net Income	136.19	153.35	83.13	62.41	141.78	-74.75	Upgrade
Net Income to Common	136.19	153.35	83.13	62.41	141.78	-74.75	Upgrade
Net Income Growth	69.44%	84.47%	33.21%	-55.98%	-	-	Upgrade
Shares Outstanding (Basic)	588	588	588	588	582	580	Upgrade
Shares Outstanding (Diluted)	588	588	588	588	584	588	Upgrade
Shares Change (YoY)	-	-	-	0.68%	-0.68%	1.17%	Upgrade
EPS (Basic)	0.23	0.26	0.14	0.11	0.24	-0.13	Upgrade
EPS (Diluted)	0.23	0.26	0.14	0.11	0.24	-0.13	Upgrade
EPS Growth	68.38%	85.71%	32.01%	-55.81%	-	-	Upgrade
Free Cash Flow	422.24	101.86	258.05	335.57	182.41	158.79	Upgrade
Free Cash Flow Per Share	0.72	0.17	0.44	0.57	0.31	0.27	Upgrade
Dividend Per Share	0.164	0.132	0.120	0.100	0.100	0.100	Upgrade
Dividend Growth	36.67%	10.00%	20.00%	-	-	-	Upgrade
Gross Margin	37.43%	42.99%	50.13%	48.83%	38.90%	23.48%	Upgrade
Operating Margin	24.67%	28.72%	26.13%	29.14%	37.51%	6.49%	Upgrade
Profit Margin	6.51%	13.74%	7.83%	6.56%	19.34%	-14.09%	Upgrade
Free Cash Flow Margin	20.18%	9.13%	24.32%	35.26%	24.88%	29.93%	Upgrade
EBITDA	988.86	523.19	448.02	412.49	422.43	170.16	Upgrade
EBITDA Margin	47.26%	46.87%	42.22%	43.34%	57.62%	32.08%	Upgrade
D&A For EBITDA	472.73	202.62	170.77	135.12	147.43	135.75	Upgrade
EBIT	516.14	320.57	277.26	277.37	275	34.41	Upgrade
EBIT Margin	24.67%	28.72%	26.13%	29.14%	37.51%	6.49%	Upgrade
Effective Tax Rate	75.21%	61.84%	35.21%	48.77%	33.93%	-	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.