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

Emma Okonji

Aradel Holdings Plc, Nigeria’s leading integrated indigenous energy company has announced its audited results for the twelve months ended 31 December 2025, which showed financial record of N699.4 billion revenue growth in FY 2025, up from N581.2 billion recorded in FY 2024.

According to the financial report, 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 per cent interest in ND Western Limited (ND Western), bringing its total effective equity in Renaissance Africa Energy Company (Renaissance) to 53.3 per cent post-acquisition. The transaction significantly expanded the company’s reserves, production base and operational footprint, positioning Aradel for materially greater scale.

From the financial report, its revenue went up by 20 per cent to N699.4 billion (FY 2024:  N581.2 billion), driven by sustained momentum across all business segments. EBITDA increased by 119 per cent to N815.0 billion compared to N372.0 billion in FY 2024. Operating profit increased by 152 per cent to N733.6 billion (FY 2024: N291.4 billion), driven by gain on bargain purchase and translation gain on business combination. Share of profit from associates rose by 246 per cent to N109.5 billion (FY 2024: N31.6 billion). Profit after tax: N757.3 billion, up by 192 per cent (FY 2024: N259.1 billion). The company proposed a final dividend of N23.0 per share; giving a total FY 2025 dividend of N33.0 per share.

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

But crude oil production was up three per cent YoY to 14.1 kbbls/day, driven by well optimisation and reservoir management.