Seplat Energy Plc delivered a strong H1 2026 financial performance, supported by higher production volumes, favourable crude oil price realizations and continued operational efficiency across its upstream and midstream businesses. Gross earnings increased by 11.75% to NGN2.51 trillion from NGN2.25 trillion in H1 2025, while core revenue expanded by 15.48% to NGN2.50 trillion from NGN2.17 trillion. Revenue continued to be dominated by crude oil sales, which increased by 12.09% to NGN2.25 trillion from NGN2.00 trillion and accounted for 89.81% of total revenue during the period. Gas sales remained broadly stable at NGN140.35 billion compared with NGN146.66 billion in H1 2025, representing 5.61% of total revenue, while Natural Gas Liquids (NGL) revenue surged by 648.07% to NGN114.72 billion from NGN15.34 billion, contributing 4.58% of total revenue following the successful commencement of commercial operations at the ANOH Gas Processing Plant and increased NGL production. Average working interest production increased to 139,509 barrels of oil equivalent per day (boepd) from 134,492 boepd in H1 2025, remaining comfortably within management’s full-year production guidance of 135,000–155,000 boepd.