Aradel Holdings Plc, Nigeria’s leading integrated energy company, has reported impressive unaudited full-year results for the period ended 31 December 2025, showcasing resilience and strategic growth in a challenging oil and gas landscape.
The company posted a 55% increase in profit after tax to ₦401.2 billion from ₦259.1 billion in 2024, driven primarily by a massive 523% rise in share of profit from associates to ₦197.0 billion.
Key Financial and Operational Highlights
Revenue climbed 20% to ₦697.3 billion from ₦581.2 billion, reflecting strong volume growth across segments.
EBITDA rose modestly by 4% to ₦388.2 billion
Profit before tax jumped 46% to ₦463.7 billion
Volumes lifted (crude oil) increased 35% to 4.1 million barrels.
Gas sales surged 62% to 18.5 billion cubic feet.
Refined products sold grew 26% to 302.9 million liters.
Despite these gains, operating profit dipped 7% to ₦272.0 billion, and gross profit fell 21% to ₦280.0 billion, due to one-off items including ₦34.7 billion in crude oil overlift stock adjustments, a ₦25.5 billion provision for price-based royalties, and elevated staff costs from Long-Term Incentive Plan payments.
CEO Adegbite Falade commented: “Aradel delivered a strong and resilient performance in 2025, reflecting the quality of our asset base, disciplined execution, and the inherent resilience of our diversified energy portfolio.
“The completion of the ND Western transaction represents a significant milestone, further strengthening our strategic position. Looking ahead, our focus is on consolidating our expanded portfolio to enhance operational scale, improve efficiency, increase production, and diversify revenue in support of long-term shareholder value.”
Why Aradel’s 2025 Results Matter for Investors and Nigeria’s Energy Sector
In a year marked by softer global oil prices and margin pressures, Aradel’s ability to drive bottom-line growth through strategic investments and volume increases demonstrates the strength of its integrated model—spanning upstream production, gas processing, and refining.
The results reinforce Aradel’s position as a key player in Nigeria’s push for energy self-sufficiency and indigenous participation in the sector. As the company integrates its expanded assets, analysts expect enhanced production, efficiency gains, and further revenue diversification in 2026 and beyond.