Aradel Holdings Profit Falls To N272bn Amid Crude Losses
Aradel Holdings Plc, in its Full Year Unaudited 2025 results, reported it’s operating profit dropped to N272billion in 2025 from N291.4billion in 2024.
This is even as the Group attributed the profit drop to exceptional, non-recurring items, including, crude oil overlifts resulting in N34.7 billion stock adjustment expenses, a one-off N25.5 billion provision for price-based royalties pending resolution of computation mechanism, and higher staff costs arising.
However, there is significant growth in its profitability underscores the benefits of its value-accretive diversification strategy, with share of profit from associates increasing by 523% to N197billion compared to N31.6 billion recorded in 2024.
Its Total Revenue rose by 20% year-on-year to N697.3billion from N581.2 billion in 2024, driven by sustained momentum across all business segments while Revenue from crude oil exports grew by 18% to N440.1 billion from N373.7 billion, supported by
higher production volumes and reliable evacuation system.
Crude sales rose to 4.1mmbbls (FY 2024: 3.1mmbbls), accounting for 63% of the total revenue despite decline in realised crude oil prices.
Reacting to this development, the chief executive officer(CEO), Mr. Adegbite Falade, said: “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.”
Despite operating in a dynamic environment, he said, the company achieved meaningful growth across its upstream, gas, and refining businesses.
During the year, he said: “we advanced our acquisition-led growth strategy with the completion of two landmark transactions: the acquisition of a 33.3% effective equity interest (comprising 12.5% directly by Aradel
Energy; and 20.8% indirectly through ND Western Limited) in Renaissance Africa Energy Company Limited. “
Looking ahead, he said, “our focus in 2025 is on consolidating our expanded portfolio to enhance operational scale, improve efficiency across our assets, increase production and further diversify our revenue base in support of long-term shareholder value.”
