Seplat Energy

Seplat Energy reported significant improvements in financial and operational performance for 2025, with revenue up 144.2% and profit before tax up 86.7%. The company also increased its dividend by 52% and reduced net debt, indicating a strong financial position and positive outlook.

Seplat Energy is undertaking routine maintenance on its gas production facilities, which will temporarily reduce gas supply. This is a standard procedure to ensure long-term reliability and safety of its infrastructure.

Seplat Energy, through its joint venture with Nigerian National Petroleum Corporation===NNPC Exploration and Production Limited, has graduated 623 teachers from the STEP program. This program, which has trained 1,957 educators since 2020, strengthens Seplat Energy's community relations and demonstrates its commitment to educational development in its host communities, potentially improving its ESG ratings.

Seplat Energy is facing allegations of being complicit in an economic crime by allegedly continuing to supply gas to the Sapele Power Plant despite its non-operation. The company denies these claims, stating its commitment to Nigeria's power sector reform agenda and highlighting that Sapele Power Plant owes it N20 billion.

Seplat Energy's scheduled maintenance on gas supply infrastructure contributed to the initial disruption in gas deliveries to thermal plants.