Aradel posts N835 billion pre-tax profit for 2025, proposes N23 final dividend
By Aboki Forex —
Aradel Holdings Plc has released its audited results for the 2025 financial year. The company reported a pre-tax profit of N835.0 billion, up 163.60% from N316.8 billion in 2024.
The strong performance was driven by higher earnings and non-recurring gains from its ND Western and Renaissance transactions.
The Board has recommended a final dividend of N23.00 per share. This brings the total dividend for the 2025 financial year to N33.00 per share. The final dividend is subject to shareholders' approval and applicable withholding tax. It will be paid on July 31, 2026 to shareholders on the register as at the close of business on July 9, 2026.
Key highlights for FY 2025 versus FY 2024
Revenue came in at N699.43 billion, up 20.35% year-on-year. Gross profit was N308.21 billion, down 13.55%. Operating profit rose 151.74% to N733.58 billion. Earnings per share jumped 192.54% to N173.62.
Crude oil and condensate production hit 5.2 million barrels, up 3%. Volumes of crude lifted rose 32% to 4.1 million barrels. Gas production volume increased 59% to 18.8 Bcf. Average daily gas production was 51.4 mmscf/day, up 59%.
Volume of refined products sold rose 26% to 302.9 million liters. Refined product output increased 18% to 313.4 million litres. Refinery utilisation improved to 49% from 40% in 2024.
Average realised gas price was $1.52 per mscf, down from $1.66 per mscf in 2024.
Total assets surged 465.55% to N9.90 trillion. Total equity rose 53% to N2.15 trillion. Cash and cash equivalents jumped 265.39% to N1.50 trillion. Total borrowings increased sharply to N2.00 trillion from N96.2 billion.
Management commentary
CEO Adegbite Falade said 2025 was a defining year. He noted that Aradel delivered record revenue and profitability while executing its most transformational expansion. He added that the full earnings contribution from ND Western and Renaissance will be reflected from 2026 onwards.
Driving the numbers
Revenue growth was supported by all three operating segments. Crude oil remained the largest contributor. Crude oil exports rose 18% to N440.1 billion and accounted for 63% of total revenue. Higher production volumes and reliable evacuation through the Trans Niger Pipeline and Alternative Crude Evacuation system supported the increase.