Seplat Energy sees major revenue boost and higher dividends
Seplat Energy Plc has reported a significant surge in revenue, highlighting strong operational performance and increased shareholder returns. The company’s audited results show robust growth driven by offshore asset contributions and improved onshore production. Roger Brown, the Chief Executive Officer, emphasized the company’s scale and long-term ambitions. Several key projects, including the Sapele Gas Plant and the ANOH Gas Plant, contributed to these positive results.
TLDR
- Seplat Energy Plc’s revenue rose 144.2% to $2.73bn for the year ended 31 December 2025, compared to $1.12bn in 2024.
- Cash generated from operations reached $1.17bn, up 276%, with net debt reduced by 25% year-on-year.
- The total dividend declared for 2025 was 25.0 cents per share, a 52% increase on 2024, amounting to $150m.
- Group production averaged 131,506 boepd, up 148% from 2024, with significant contributions from offshore and onshore projects.
- The ANOH Gas Plant achieved its first gas in January 2026, and the company plans to double joint venture gas volumes at Oso-BRT in 2H2026.
