Oil Output Rise, Others Push Aradel’s H1 Revenue to N368.1bn

Peter Uzoho 

Aradel Holdings Plc, a Nigerian integrated energy company has released its unaudited financial and operational results for the first half (H1) 2025, posting a revenue of N368.1 billion, up 37.2 per cent from N268.3 billion recorded at the same time in 2024. 

The company’s Profit after Tax (PAT) grew by 40.2 per cent to N146.4 billion.

Aradel attributed the revenue growth to a number of factors including increase in oil export and improved utilisation of the Trans Niger Pipeline (TNP).It also credited the growth to minimal crude losses and additional value from the Alternative Crude Evacuation (ACE) system, resulting in higher crude oil sales of 2.04 million barrels (mmbbls).Commenting on the performance, Chief Executive Officer of Aradel Holdings Plc, Mr. Adegbite Falade, said the first half of 2025 was shaped by both opportunities and challenges for Nigeria’s oil and gas industry.

Falade noted that global geopolitical tensions continued to drive supply uncertainties and price volatility, while local operating conditions, from infrastructure to regulatory transitions, demanded resilience and adaptability.

He stated, “In the face of this dynamic landscape, our company remains focused and forward-looking. We recorded strong operational performance, driven by stable average production volumes.We made significant progress on our strategic growth agenda.

“We successfully completed the acquisition of equity interest in Chappal Energies Mauritius Limited. Furthermore, our recent investment in Renaissance Africa Energy Company (Renaissance’), our deemed associate, has yielded positive returns, with our share of its performance featuring in Aradel’s books for the first time. ND Western Limited and Renaissance Africa Energy Company are expected to remain significant contributors to our bottom-line from non-operated assets into the future.”

He extended the company’s gratitude to Mr. Ladi Jadesimi, Mr. Ede Osayande, and Mr. Thierry Georger, who stepped down from Aradel’s Board after several years of dedicated service, in line with statutory tenure limitations.