Aradel Holdings Reports N699.4 bn Financial Growth in FY 2025

Emma Okonji

Aradel Holdings Plc, Nigeria’s leading integrated indigenous energy company, has released its audited results for the twelve months ended 31 December 2025. The company reported a revenue increase to N699.4 billion, up from N581.2 billion in FY 2024.

The financial report highlights 2025 as a transformative year, marked by significant acquisitions that altered the company’s growth trajectory. Aradel completed the purchase of an additional 40 percent interest in ND Western Limited (ND Western), raising its effective equity in Renaissance Africa Energy Company (Renaissance) to 53.3 percent after the transaction. The deal expanded Aradel’s reserves, production base and operational footprint, positioning the group for materially larger scale.

Revenue rose 20 percent to N699.4 billion (FY 2024: N581.2 billion), driven by sustained momentum across all business segments. EBITDA increased 119 percent to N815.0 billion from N372.0 billion in FY 2024. Operating profit grew 152 percent to N733.6 billion (FY 2024: N291.4 billion), supported by a gain on bargain purchase and a translation gain on the business combination. Share of profit from associates climbed 246 percent to N109.5 billion (FY 2024: N31.6 billion). Profit after tax reached N757.3 billion, a 192 percent increase from N259.1 billion in FY 2024. The company proposed a final dividend of N23.0 per share, resulting in a total FY 2025 dividend of N33.0 per share.

During the year, a fair value loss of N30.3 billion was recorded on the group’s equity investment in Chappal Energies.

Crude oil production increased 3 percent year‑over‑year to 14.1 kbbls/day, driven by well optimisation and reservoir management.