Seplat Energy Plc has confirmed the exchange rate used in determining its full-year 2025 final and special dividends, both of which are denominated in US dollars.
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In a disclosure to the Nigerian Exchange, the company stated it will apply 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.
According to the group, 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.
What the data is saying
Seplat Energy FY 2025 dividend structure, combining both components (final dividend of US 5 cents and special dividend of US 3.3 cents), translates to a total of N113.78 per share using the N1,370.89 exchange rate.
- This compares with the FY 2024 payout of US 6.9 cents (final dividend of US 3.6 cents and special dividend of US 3.3 cents), which translated to N111.06 per share based on the then exchange rate of N1,609.6/$1.
Based on 599,944,561 outstanding shares, the total dividend of N113.78 per share is valued at N68.26 billion and will likely be funded from 2025 retained earnings of N342.4 billion, up 9.5% year-on-year.
- The distribution implies a 0.98% yield based on a share price of N11,600 per unit, alongside a payout ratio of 28.26% relative to net profit of N241.5 billion.
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, driven by crude oil sales of N3.7 trillion, gas sales of N279.4 billion, and natural gas liquids of N81.7 billion.
Get up to speed
Fast-forward to Q1 2026, the company has 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 US5 cents and a special dividend of US4 cents, bringing the total dividend for the period to US9 cents.
What you should know
- The exchange rate for the total Q1 2026 dividend of US 9 cents has not yet been disclosed by the group.
- However, the company stated that eligibility is restricted to shareholders whose names appear in the register of members as of 5 June 2026.
- On payment timing, the group confirmed that the interim dividend will be disbursed on or around 19 June 2026 to qualifying shareholders.
- Seplat Energy stock (ticker SEPLAT) is up 99.69% year-to-date, trading at N11,600 per share on the Nigerian Exchange.
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