Seplat Energy (SEPL) investor relations material

Opening remarks and agenda

• The meeting was declared open with confirmation of quorum and national anthem, followed by an opening prayer and introduction of Board members, regulators, auditors, and registrars.

• The AGM was held virtually in compliance with recent legislation, with clear instructions for participation and voting.

• The agenda included receiving financial statements, dividend declaration, auditor reappointment, director elections, remuneration disclosures, and approval of remuneration policy.

Financial performance review

• Revenue grew by over 150% to NGN 4.13 trillion, and profit increased by 16.22% to NGN 241.6 billion for 2025.

• Share price surpassed NGN 10,000 for the first time on the Nigerian Stock Exchange.

• Auditors issued an unqualified opinion, confirming compliance with IFRS and local regulations.

• Statutory Audit Committee confirmed adequacy of audit scope, satisfactory management responses, and ethical accounting practices.

Board and executive committee updates

• New appointments included Mr. Larry Ettah as Independent Non-Executive Director and Mr. Tony Elumelu as Non-Executive Director.

• Directors retiring by rotation, including the Chairman and Mr. Okeke, were re-elected.