Prime Business Africa
Despite an impressive financial performance in the first quarter (Q1) of 2025, Seplat is struggling to attract stock market investors in the second quarter, according to Prime Business Africa’s analysis.
In the last four weeks, the value of investments held by Seplat’s shareholders has depreciated by 12.90 per cent, indicating a decline in stock market investors’ confidence that the company’s shares hold value.
Join our WhatsApp ChannelPrime Business Africa’s analysis showed that the 12.90 per cent decline resulted in a combined loss of N432.85 billion in shareholders’ investments in Seplat between May 9 and June 5, after the share price of the company fell from N5,700 — which has been the value since January 2 — to N4,964.4 kobo.
This also led to Seplat’s market valuation dropping from N3.35 trillion to N2.92 trillion during the same period.
Seplat’s share price has decreased by N735.6 kobo despite the company revealing on April 28 that its topline increased by 356.97 per cent in the first quarter this year and the bottom line exited the N2.87 billion loss recorded in Q1 2024.
The oil producer generated N1.22 trillion revenue in Q1 of 2025, tripling the N268.61 billion declared in the same period in 2024 and nearing the N1.65 trillion turnover recorded for the whole of last year.
Also, Seplat’s profit before tax (PBT) grew by 203.96 percent year-on-year, from N103.51 billion to N314.64 billion, however, after deducting income tax, the oil company recorded a N35.38 billion profit after tax (PAT) in Q1 2025, compared to the N2.87 billion loss recorded in Q1 2024.
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