Seplat Energy Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	2,757	2,726	1,116	1,061	951.8	733.19
Revenue Growth (YoY)	57.96%	144.22%	5.17%	11.50%	29.82%	38.22%
Cost of Revenue	1,852	1,838	764.42	529.28	487.06	448
Gross Profit	905.72	888.26	351.75	532	464.74	285.19
Selling, General & Admin	214.71	233.23	145.11	143.56	137.39	80.09
Other Operating Expenses	75.86	20.1	-3.9	106.48	34.36	-13.39
Operating Expenses	305.1	267.86	157.21	254.74	187.37	10.19
Operating Income	600.62	620.4	194.54	277.26	277.37	275
Interest Expense	-162.08	-148.12	-84.54	-61.67	-65.8	-74.85
Interest & Investment Income	12.22	12.22	13.2	9.56	1.16	0.31
Earnings From Equity Investments	-7.77	-4.25	20.6	1.48	-3.38	2.54
Currency Exchange Gain (Loss)	18.65	18.65	30.36	-27.47	-1.07	-4.38
Other Non Operating Income (Expenses)	-0.89	-1.2	2.67	-7.96	9.19	-6.23
EBT Excluding Unusual Items	460.75	497.71	176.81	191.2	217.47	192.39
Gain (Loss) on Sale of Investments	-	-	-10.68	-	-	-
Gain (Loss) on Sale of Assets	0.13	0.13	-0.21	-	-13.09	-
Asset Writedown	-4.91	-	-	-	-	-15.05
Other Unusual Items	-	-	100.8	-	-	-
Pretax Income	455.96	497.84	266.72	191.2	204.38	177.35
Income Tax Expense	282.26	338.75	126.24	67.33	99.67	60.17
Earnings From Continuing Operations	173.71	159.09	140.48	123.87	104.71	117.18
Net Income to Company	173.71	159.09	140.48	123.87	104.71	117.18
Minority Interest in Earnings	0	1.05	8.56	-40.74	-42.3	24.61
Net Income	173.71	160.14	149.04	83.13	62.41	141.78
Net Income to Common	173.71	160.14	149.04	83.13	62.41	141.78
Net Income Growth	3.27%	7.45%	79.28%	33.21%	-55.98%	-
Shares Outstanding (Basic)	566	593	588	588	588	582
Shares Outstanding (Diluted)	566	593	588	588	588	584
Shares Change (YoY)	-7.27%	0.81%	-	-	0.68%	-0.68%
EPS (Basic)	0.31	0.27	0.25	0.14	0.11	0.24
EPS (Diluted)	0.31	0.27	0.25	0.14	0.11	0.24
EPS Growth	12.65%	7.98%	78.57%	32.01%	-55.81%	-
Free Cash Flow	919.93	898.78	101.86	258.05	335.57	182.41
Free Cash Flow Per Share	1.63	1.51	0.17	0.44	0.57	0.31
Dividend Per Share	0.192	0.192	0.132	0.120	0.100	0.100
Dividend Growth	88.23%	45.45%	10.00%	20.00%	-	-
Gross Margin	32.85%	32.59%	31.51%	50.13%	48.83%	38.90%
Operating Margin	21.78%	22.76%	17.43%	26.13%	29.14%	37.51%
Profit Margin	6.30%	5.88%	13.35%	7.83%	6.56%	19.34%
Free Cash Flow Margin	33.36%	32.97%	9.13%	24.32%	35.26%	24.88%
EBITDA	1,169	1,216	400.86	448.02	412.49	422.43
EBITDA Margin	42.38%	44.62%	35.91%	42.22%	43.34%	57.62%
D&A For EBITDA	567.92	595.95	206.33	170.77	135.12	147.43
EBIT	600.62	620.4	194.54	277.26	277.37	275
EBIT Margin	21.78%	22.76%	17.43%	26.13%	29.14%	37.51%
Effective Tax Rate	61.90%	68.04%	47.33%	35.21%	48.77%	33.93%

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