Seplat Energy Plc has announced a final dividend of US5 cents and a special dividend of US3.3 cents per ordinary share for the financial year ended December 31, 2025. The announcement was made in a corporate notice released on February 26, 2026, by the dual-listed Nigerian energy company.

The dividends, subject to applicable withholding tax, will be paid to shareholders whose names appear on the company’s Register of Members at the close of business on May 15, 2026.

According to the company release, the register of shareholders will be closed on May 18, 2026, to enable its registrar, Datamax Registrars Limited, prepare for the payment.

Shareholders on the Nigerian Exchange without a valid Certificate of Capital Importation (CCI) will receive their dividend in Naira by default.

Shareholders with a valid CCI will receive payment in US dollars by default, although they may elect to receive the full amount in Naira.

Shareholders holding depository interests on the London Stock Exchange will be paid in US dollars.

The exchange rate for the Naira portion will be determined using the applicable rates on May 14, 2026, and will be communicated to shareholders on May 15, 2026.

The company also disclosed that its Annual General Meeting (AGM) will be held on May 20, 2026.

Seplat Energy is listed on both the Nigerian Exchange Limited and the London Stock Exchange and is one of Nigeria’s leading indigenous energy companies.

Adjusted EBITDA rose 137% to $1.28 billion; operating profit increased to $675.2 million, and operating cash flow expanded 276% to $1.17 billion.

In December 2025, Heirs Energies acquired a 20.07% equity stake (120.4 million ordinary shares) in Seplat previously held by Maurel & Prom for approximately $500 million at GBP3.05 per share.

Heirs Energies operates OML 17 in the Niger Delta, producing over 50,000 barrels of oil per day and 120 million cubic feet of gas daily, with reserves exceeding 1.5 billion barrels of oil and 2.5 trillion cubic feet of gas.