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	2015 - 2019
Period Ending	Sep '25 Sep 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	2015 - 2019
Revenue	2,577	1,116	1,061	951.8	733.19	530.47	Upgrade
Revenue Growth (YoY)	166.75%	5.17%	11.50%	29.82%	38.22%	-23.98%	Upgrade
Cost of Revenue	1,573	636.27	529.28	487.06	448	405.89	Upgrade
Gross Profit	1,004	479.9	532	464.74	285.19	124.58	Upgrade
Selling, General & Admin	221.18	147.22	143.56	137.39	80.09	66.75	Upgrade
Other Operating Expenses	29.83	-3.9	106.48	34.36	-13.39	-71.82	Upgrade
Operating Expenses	268.96	159.32	254.74	187.37	10.19	90.16	Upgrade
Operating Income	735.35	320.57	277.26	277.37	275	34.41	Upgrade
Interest Expense	-148.79	-83.07	-61.67	-65.8	-74.85	-48.93	Upgrade
Interest & Investment Income	13.24	13.2	9.56	1.16	0.31	1.67	Upgrade
Earnings From Equity Investments	-3.65	20.6	1.48	-3.38	2.54	1.67	Upgrade
Currency Exchange Gain (Loss)	24.68	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	622.01	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	7.24	-0.21	-	-13.09	-	0	Upgrade
Asset Writedown	-	-	-	-	-15.05	-29.54	Upgrade
Other Unusual Items	85.99	85.99	-	-	-	-	Upgrade
Pretax Income	704.55	379.42	191.2	204.38	177.35	-80.21	Upgrade
Income Tax Expense	499.89	234.63	67.33	99.67	60.17	5.11	Upgrade
Earnings From Continuing Operations	204.67	144.79	123.87	104.71	117.18	-85.32	Upgrade
Net Income to Company	204.67	144.79	123.87	104.71	117.18	-85.32	Upgrade
Minority Interest in Earnings	2.1	8.56	-40.74	-42.3	24.61	10.58	Upgrade
Net Income	206.77	153.35	83.13	62.41	141.78	-74.75	Upgrade
Net Income to Common	206.77	153.35	83.13	62.41	141.78	-74.75	Upgrade
Net Income Growth	154.27%	84.47%	33.21%	-55.98%	-	-	Upgrade
Shares Outstanding (Basic)	590	588	588	588	582	580	Upgrade
Shares Outstanding (Diluted)	590	588	588	588	584	588	Upgrade
Shares Change (YoY)	0.33%	-	-	0.68%	-0.68%	1.17%	Upgrade
EPS (Basic)	0.35	0.26	0.14	0.11	0.24	-0.13	Upgrade
EPS (Diluted)	0.35	0.26	0.14	0.11	0.24	-0.13	Upgrade
EPS Growth	152.95%	85.71%	32.01%	-55.81%	-	-	Upgrade
Free Cash Flow	731.85	101.86	258.05	335.57	182.41	158.79	Upgrade
Free Cash Flow Per Share	1.24	0.17	0.44	0.57	0.31	0.27	Upgrade
Dividend Per Share	0.178	0.132	0.120	0.100	0.100	0.100	Upgrade
Dividend Growth	41.27%	10.00%	20.00%	-	-	-	Upgrade
Gross Margin	38.96%	42.99%	50.13%	48.83%	38.90%	23.48%	Upgrade
Operating Margin	28.53%	28.72%	26.13%	29.14%	37.51%	6.49%	Upgrade
Profit Margin	8.02%	13.74%	7.83%	6.56%	19.34%	-14.09%	Upgrade
Free Cash Flow Margin	28.39%	9.13%	24.32%	35.26%	24.88%	29.93%	Upgrade
EBITDA	1,208	523.19	448.02	412.49	422.43	170.16	Upgrade
EBITDA Margin	46.87%	46.87%	42.22%	43.34%	57.62%	32.08%	Upgrade
D&A For EBITDA	472.79	202.62	170.77	135.12	147.43	135.75	Upgrade
EBIT	735.35	320.57	277.26	277.37	275	34.41	Upgrade
EBIT Margin	28.53%	28.72%	26.13%	29.14%	37.51%	6.49%	Upgrade
Effective Tax Rate	70.95%	61.84%	35.21%	48.77%	33.93%	-	Upgrade

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