NNPC Records N5.7trn Post-Tax Profit in 2025, Generates N60.52trn

By Adedapo Adesanya

The Nigerian National Petroleum Company (NNPC) Limited booked a Profit after Tax of N5.760 trillion after generating N60.517 trillion in revenue in 2025.

According to its monthly report published on Thursday, the sum of N14.706 trillion was remitted to statutory government agencies.

It said crude production dipped slightly in December, the last month of the year, from earlier months due to scheduled maintenance and several unplanned outages.

The report indicated that crude oil and condensate production averaged 1.54 million barrels per day in December 2025, while natural gas production stood at 6.914 billion standard cubic feet per day.

NNPC further disclosed that its retail outlets achieved 65 per cent product availability in December, while upstream pipelines recorded 100 per cent availability during the period.

On key infrastructure projects, the company stated that the Obiafu-Obrikom-Oben (OB3) pipeline project reached 91 per cent completion, while the Ajaokuta-Kaduna-Kano (AKK) pipeline project also attained 91 per cent completion.

The report from the Nigerian state oil company noted that December production performance was affected by planned maintenance at the Stardeep-Agbami and Renaissance–Estuary Area facilities, as well as unplanned production outages.

In its previous monthly update, NNPC disclosed that revenue declined by 14.17 per cent in November 2025 to N4.358 trillion, down from N5.078 trillion recorded in October.

Despite the drop in revenue, profit after tax rose by 12.3 per cent to N502 billion in November, compared with N447 billion in October.

The report also showed that the company made statutory payments of N967 billion to the government in October, bringing total remittances between January and October to N12.117 trillion.

NNPC said all figures remain provisional pending final reconciliation with stakeholders.