Aradel Grows FY 2025 Profit by 55% on Higher Earnings Contribution

By Aduragbemi Omiyale

Improved tax efficiency and higher earnings contribution supported the 55 per cent growth in the post-tax profit of Aradel Holdings Plc in the 2025 fiscal year.

The financial statements of the energy firm showed that the profit after tax stood at N401.2 billion in the period under review compared with the N259.1 billion recorded in the 2024 accounting year.

Analysis of the results revealed that the company delivered strong top-line growth, with total revenue up by 20 per cent year-on-year to N697.3 billion from N581.2 billion, due to sustained momentum across all business segments.

It was observed that earnings from crude oil exports grew by 18 per cent to N440.1 billion from N373.7 billion, supported by higher production volumes and reliable evacuation through both the TNP and ACE system.

Also, crude sales rose to 4.1mmbbls from the 3.1mmbbls recorded in the previous fiscal year, accounting for 63 per cent of the total revenue despite decline in realised crude oil prices.

Further, refined products revenues increased by 18 per cent to N210.8 billion from N179.3 billion, representing 30 per cent of total revenue, driven by a 26 per cent rise in sales volume to 302.9 mmltrs versus 240.5 mmltrs in FY 2024, demonstrating the organisation’s expanding downstream footprint and strong market penetration.

In addition, gas revenues increased by 65 per cent to N46.4 billion from N28.2 billion, indicating 7 per cent of total revenue, buoyed by higher production volumes despite a decline in realised gas prices to $1.52/mscf compared to $1.66/mscf in FY 2024.

“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.

“Despite operating in a dynamic environment, we achieved meaningful growth across our upstream, gas, and refining businesses,” the chief executive of Aradel Holdings, Mr Adegbite Falade, stated.

“During the year, we advanced our acquisition-led growth strategy with the completion of two landmark transactions: the acquisition of a 33.3 per cent effective equity interest (comprising 12.5 per cent directly by Aradel Energy; and 20.8 per cent indirectly through ND Western Limited) in Renaissance Africa Energy Company Limited, operator of the Renaissance Joint Venture (formerly known as the SPDC Joint Venture), and the purchase of an additional 40 per cent equity interest in ND Western Limited,” he added.

“The acquisition of the additional interest in ND Western Limited represents a significant milestone for the group. It is fully aligned with Aradel’s long-term strategy of disciplined portfolio consolidation, asset base expansion, and sustainable value creation, and it further strengthens our strategic position within Nigeria’s upstream oil and gas sector. The completion of the NDW transaction increases Aradel’s effective interest in ND Western Limited to 81.67 per cent and the Renaissance Africa Energy Company Limited to 53.33 per cent,” Mr Adegbite further stated.

“Looking ahead, our focus in 2026 is on consolidating our expanded portfolio to enhance operational scale, improve efficiency across our assets, increase production and further diversify our revenue base in support of long-term shareholder value,” he noted.