Aradel Holdings Plc has reported a 252% year-on-year jump in profit after tax (PAT) to N120.3 billion in the first quarter ended 31 March 2026 compared with N34.2 billion in Q1 2025.
Profitability Surges
The company’s earnings momentum accelerated across all profitability indicators:
Profit Before Tax hit N283.8 billion, up from N67.2 billion in Q1 2025 (+322%) while operating Profit was N372.9 billion, compared with N63.6 billion a year earlier
Aradel Holdings management attributed the performance to higher production volumes, improved operational efficiency, and expanded asset consolidation following its late-2025 acquisitions.
Company revenue climbed to N728.5 billion, up from N199.9 billion in Q1 2025, supported by strong performance across all business segments:
- Crude Oil: ₦534.0 billion
- Gas: ₦190.4 billion
- Refined Products: ₦57.3 billion
Chief Executive Officer Adegbite Falade said the results reflect the transformational impact of the 2025 acquisitions and the company’s focus on operational optimisation and long-term value creation.
He noted that Aradel will continue to prioritise production efficiency, portfolio integration, and disciplined capital allocation under its long-term strategy.
