Seplat Energy Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,726	1,116	1,061	951.8	733.19
Revenue Growth (YoY)	144.22%	5.17%	11.50%	29.82%	38.22%
Cost of Revenue	1,821	636.27	529.28	487.06	448
Gross Profit	904.54	479.9	532	464.74	285.19
Selling, General & Admin	249.51	147.22	143.56	137.39	80.09
Other Operating Expenses	-35.93	-3.9	106.48	34.36	-13.39
Operating Expenses	213.58	159.32	254.74	187.37	10.19
Operating Income	690.96	320.57	277.26	277.37	275
Interest Expense	-185.36	-83.07	-61.67	-65.8	-74.85
Interest & Investment Income	12.22	13.2	9.56	1.16	0.31
Earnings From Equity Investments	-4.25	20.6	1.48	-3.38	2.54
Currency Exchange Gain (Loss)	-	30.36	-27.47	-1.07	-4.38
Other Non Operating Income (Expenses)	-	2.67	-7.96	9.19	-6.23
EBT Excluding Unusual Items	513.57	304.33	191.2	217.47	192.39
Gain (Loss) on Sale of Investments	-	-10.68	-	-	-
Gain (Loss) on Sale of Assets	-	-0.21	-	-13.09	-
Asset Writedown	-15.73	-	-	-	-15.05
Other Unusual Items	-	85.99	-	-	-
Pretax Income	497.84	379.42	191.2	204.38	177.35
Income Tax Expense	338.75	234.63	67.33	99.67	60.17
Earnings From Continuing Operations	159.09	144.79	123.87	104.71	117.18
Net Income to Company	159.09	144.79	123.87	104.71	117.18
Minority Interest in Earnings	1.05	8.56	-40.74	-42.3	24.61
Net Income	160.14	153.35	83.13	62.41	141.78
Net Income to Common	160.14	153.35	83.13	62.41	141.78
Net Income Growth	4.43%	84.47%	33.21%	-55.98%	-
Shares Outstanding (Basic)	593	588	588	588	582
Shares Outstanding (Diluted)	593	588	588	588	584
Shares Change (YoY)	0.80%	-	-	0.68%	-0.68%
EPS (Basic)	0.27	0.26	0.14	0.11	0.24
EPS (Diluted)	0.27	0.26	0.14	0.11	0.24
EPS Growth	3.85%	85.71%	32.01%	-55.81%	-
Free Cash Flow	898.78	101.86	258.05	335.57	182.41
Free Cash Flow Per Share	1.51	0.17	0.44	0.57	0.31
Dividend Per Share	-	0.132	0.120	0.100	0.100
Dividend Growth	-	10.00%	20.00%	-	-
Gross Margin	33.18%	42.99%	50.13%	48.83%	38.90%
Operating Margin	25.35%	28.72%	26.13%	29.14%	37.51%
Profit Margin	5.88%	13.74%	7.83%	6.56%	19.34%
Free Cash Flow Margin	32.97%	9.13%	24.32%	35.26%	24.88%
EBITDA	1,287	523.19	448.02	412.49	422.43
EBITDA Margin	47.22%	46.87%	42.22%	43.34%	57.62%
D&A For EBITDA	596.06	202.62	170.77	135.12	147.43
EBIT	690.96	320.57	277.26	277.37	275
EBIT Margin	25.35%	28.72%	26.13%	29.14%	37.51%
Effective Tax Rate	68.04%	61.84%	35.21%	48.77%	33.93%

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