MRS Oil Nigeria Plc has projected a profit after tax of N3.95bn for the third quarter of 2025, anchored on an anticipated revenue of N393.58bn, according to a forecast filed with the Nigerian Exchange Limited on June 4.

The company’s Q3 forecast shows a cost of sales of N378.93bn, leaving it with a gross profit of N14.65bn. After deducting distribution, administrative, and other expenses totalling N8.91bn, the expected operating profit stands at N6bn.

Adding other income of N261.67m and subtracting finance costs of N58.61m, MRS Oil projects a profit before tax of N5.90bn. After taxation of N1.95bn, the company anticipates a net profit of N3.95bn, translating to basic earnings per share of N11.53.

The company also revealed plans to generate N4.03bn in net cash from operating activities. However, investing activities are projected to result in a cash outflow of N5.63bn, with no expected cash flow from financing. As a result, the company expects a net decrease in cash and cash equivalents of N1.60bn, bringing its projected Q3 cash balance to N4.62bn.

The financial forecast reflects growing confidence in the company’s earnings trajectory, coming months after it projected N129.36bn revenue for Q1 2025.

“We anticipate a turnover of N393.58bn with a profit after tax of N3.95bn, based on operating efficiency and strategic management of costs,” the company stated in the forecast report.