Aradel Holdings Plc, (NGX: ARADEL) has announced its audited financial results for the year ending December 31, 2025.
The results show a 55% increase in profit after tax, rising to ₦401.2 billion from ₦259.1 billion in 2024.
This performance is attributed to strategic mergers and acquisitions (M&A) and operational efficiencies, demonstrating the company’s resilience in a dynamic energy market.
In a press release dated February 3, 2026, Aradel reported a 20% increase in revenue, reaching ₦697.3 billion, compared to ₦581.2 billion the previous year.
This growth was driven by higher volumes across its crude oil, gas, and refining segments, despite facing challenges such as declining realized prices for oil, gas, and refined products. Crude oil exports were the largest contributor, accounting for 63% of total revenue, which grew by 18% to ₦440.1 billion, supported by an increase in export volumes to 4.1 million barrels (mmbbls)—a 35% rise from 3.1 mmbbls in 2024.
The refining segment also showed strong performance, with revenues climbing 18% to ₦210.8 billion, representing 30% of total revenue.
Sales volumes of refined products increased by 26% to 302.9 million liters, up from 240.5 million liters. This growth was attributed to improved refinery uptime and capacity utilization, which rose to 49% from 40%.
Adegbite Falade, Chief Executive Officer of Aradel Holdings, credited the results to the company’s diversified portfolio and disciplined execution. “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,” Falade stated.
He emphasized the completion of two significant transactions: the acquisition of a 33.3% effective equity interest in Renaissance Africa Energy Company Limited (formerly the SPDC Joint Venture) and an additional 40% stake in ND Western Limited.
These acquisitions increased Aradel’s effective interest in ND Western to 81.67% and in Renaissance to 53.33%, positioning the company for enhanced scale and long-term value creation.
Operationally, Aradel recorded a slight increase in crude oil and condensate production to 5.16 mmbbls, which is a 3% rise, with average daily production at 14,142 barrels per day.
The share of profits from associates surged by 523% to ₦197.0 billion, with contributions from Renaissance (₦58.4 billion) and ND Western (₦138.5 billion). Profit before tax rose by 46% to ₦463.7 billion, while net finance costs improved slightly to ₦5.3 billion.
On the health, safety, and environmental front, Aradel maintained an exemplary record, logging 10.2 million man-hours without a Lost Time Injury (LTI), demonstrating its commitment to safety.
In a separate announcement on February 3, 2026, the Board of Directors approved the Fourth Quarter Unaudited Interim Financial Statements for the period ended December 31, 2025.
These statements are set to be released via the Nigerian Exchange Limited (NGX) Issuers’ Portal by the close of business on that day, following the company’s emergency board meeting, which signals transparency and compliance with regulatory requirements.
Looking ahead, Falade outlined priorities for 2026, including consolidating the expanded portfolio, enhancing efficiency, and diversifying revenue streams to support shareholder value.
Administrator and Writer
