Seplat Energy Plc has officially confirmed the exchange rate applied to its full-year 2025 final and special dividends, both denominated in US dollars. In a disclosure to the Nigerian Exchange, the company stated it will use the Central Bank of Nigeria exchange rate of N1,370.89 per dollar, as of 14 May 2026, for all dividend conversions and shareholder distributions. The payments are scheduled on or around 29 May 2026, to shareholders registered as of 15 May 2026, subject to completion of e-dividend registration requirements.
The FY 2025 dividend structure combines a final dividend of US 5 cents and a special dividend of US 3.3 cents, translating to a total of N113.78 per share at the N1,370.89 exchange rate. Based on 599,944,561 outstanding shares, the total dividend of N113.78 per share is valued at N68.26 billion. This payout will likely be funded from 2025 retained earnings of N342.4 billion, which increased by 9.5% year-on-year. Meanwhile, broader economic trends such as Petrol Consumption Hits record levels continue to shape market dynamics, while Amazon Reduces Workforce amid global cost-cutting measures.
In FY 2025, the group recorded a pre-tax profit of N755.5 billion, rising from N394.6 billion in the prior year, driven largely by stronger revenue performance and improved operational efficiency. Revenue surged to N4.1 trillion from N1.6 trillion, supported by crude oil sales of N3.7 trillion, gas sales of N279.4 billion, and natural gas liquids of N81.7 billion. Notably, Kogi State Secures new investment partnerships to boost local energy infrastructure, while Instagram Alerts Parents about enhanced safety features for teen accounts.
Fast-forward to Q1 2026, the company reported a pre-tax profit of N229.1 billion, down from N314.6 billion in the corresponding period of the previous year. This decline in profitability was largely driven by a slight decrease in revenue, which fell from N1.2 trillion in Q1 2025 to N1.1 trillion in Q1 2026. However, on the balance sheet, retained earnings strengthened to N389.1 billion, up from N342.4 billion recorded in December 2025, indicating improved accumulated profitability. Accordingly, the group declared an interim dividend of US 5 cents and a special dividend of US 4 cents, bringing the total dividend for the period to US 9 cents. Meanwhile, the Lagos Government Announces new tax reforms aimed at attracting further investment in the energy sector.
Okoye Izuchukwu is a financial market writer and trader with extensive expertise in both Nigerian and international markets. With a keen eye for market trends and a passion for insightful analysis, he translates complex financial concepts into engaging content. By combining practical trading experience with thorough research, Okoye offers valuable perspectives that empower readers to make informed decisions in the ever-evolving world of finance.
