Aradel Holdings Plc has announced it recorded a profit after tax of N245.1 billion for the nine months ended September 30, 2025, recording significant growth across all key financial and operational metrics. This is a huge leap from a profit after tax of N110.6 billion it recorded in the same period for 2024.
Other Metrics
The Group’s revenue rose by 43% to N538.8 billion, compared to N377.6 billion in the same period of 2024, driven by higher crude oil, gas, and refined product sales volumes. Gross profit grew by 11% to N234.7 billion, while EBITDA increased by 10% to N261.5 billion, underscoring solid operational efficiency and cost management.
Although operating profit slightly declined by 1% to N167.5 billion, reflecting higher depreciation and administrative costs, profit before tax surged by 57% to N300.7 billion, supported by stronger contributions from associate companies and increased sales. Consequently, profit after tax more than doubled, rising 122% to N245.1 billion, demonstrating the Group’s enhanced profitability and resilient performance.
Operationally, Aradel achieved significant production growth. Crude oil volumes lifted rose 47% to 3.05 million barrels, while gas sales volumes increased 43% to 13.58 billion cubic feet, and refined product sales jumped 45% to 230.9 million litres, reflecting improved refinery uptime and expanded capacity. Despite a 12% decline in average realized oil price to $75.64 per barrel, overall earnings benefited from higher output and efficiency gains. The average realized gas price also improved slightly by 4% to $1.64 per thousand standard cubic feet.
Cash generated from operations remained strong at N205.4 billion, slightly lower than N213.5 billion in the prior year, highlighting continued healthy cash flows and financial discipline.