Seplat posts 430% surge in half-year profit, declares special dividends
“Given the limited visibility on how long these elevated prices may persist, we prioritised balance sheet strength during the quarter, repaying $200 million of our outstanding APF debt, equivalent to 20 per cent of gross debt,” Mr Brown also disclosed.1 per cent interest on the eve of this year, reported a surge of more than fivefold in net profit for the half-year 2026, compared to a year ago.3 cents per share ($410 million) to shareholders this year, hoping that its planned purchase of a 10 per cent interest in the NNPCL-SEPNU joint venture will boost shareholder returns.
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