- proposes N23/share final dividend to sum N33/ for 2025 FY
- 59% boost in Gas production
- Landmark acquisitions, financial growth
Aradel Holdings Plc, Nigeria’s leading integrated indigenous energy company, has announced its audited results for the twelve months ended 31 December 2025 reporting Profit after tax of N757.3 billion, reflecting 192% growth.
This profit After Tax (PAT) growth of N757.3 billion, was against N259.1 billion posted in 2024 financial year (FY 2024).
In the per-opd under consideration, Gas production increased by 59% to 51.4 mmscf/ day, supported by new gas wells and enhanced recovery; highest-ever rate of c.83.8 mmscf/ day achieved during the period.
2025 was a transformative year for Aradel, defined by landmark acquisitions that reshaped its growth trajectory.
The Group completed the acquisition of an additional 40% interest in ND Western Limited (ND Western), bringing its total effective equity in Renaissance Africa Energy Company (Renaissance) to 53.3% post-acquisition.
The transaction significantly expanded the Company’s reserves, production base and operational footprint, positioning Aradel for materially greater scale.
This strategic progress was matched by strong financial performance: revenue grew by 20% to N699.4 billion, profit after tax rose by 192% to N757.3 billion and total assets grew by 466% to N9.9 trillion, establishing a platform with the scale and reserve base to underpin Aradel’s continued expansion.
Basis of Preparation:
The acquisitions of the additional interests in ND Western and Renaissance were completed on 31 December 2025.
Accordingly, the operational and income statements, Aradel’s standalone performance for the period and do not include the operational or earnings contribution of the acquired businesses.
In line with IFRS, only the balance sheet has been consolidated as at the acquisition date, with the assets and liabilities of ND Western and Renaissance reflected in the Group’s total assets at 31 December 2025.
The earnings contribution of these businesses for the period is therefore recognised within the share of profit from associates for the period, while their full operational and income statement impact is expected to be reflected in the Group’s consolidated financial results from 2026 onwards.
Operational Highlights
- Crude oil production up 3% YoY to 14.1 kbbls/day, driven by well optimisation and reservoir management.
- Gas production increased by 59% to 51.4 mmscf/day, supported by new gas wells and enhanced recovery; highest-ever rate of c.83.8 mmscf/day achieved during the period.
- Crude oil sales of 4.1 mmbbls, up 32% YoY, with reliable evacuation via the Trans Niger Pipeline (TNP) and Alternative Crude Evacuation (ACE) system.
- Refinery utilization improved to 49% (FY 2024: 40%); refined product output of 313.4 million
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