Seplat Energy Plc has reported a significant expansion in profitability for the first half of 2026, with pre-tax profit rising 74% year-on-year to N790 billion.
The Nigerian-listed energy producer also declared a record quarterly dividend of US$0.12 per share, marking a notable increase in shareholder returns amid a challenging operating environment in West Africa.
The results underscore Seplat’s position as a dominant cash generator in Nigeria’s oil and gas sector.
According to Nairametrics, the company’s financial performance reflects robust operational execution and effective cost management.
The dividend declaration, while substantial, must be viewed against the backdrop of currency volatility and regulatory pressures that continue to shape the Nigerian energy landscape.
Seplat’s H1 2026 revenue reached $1.82 billion, with gross profit climbing 68% year-on-year.