Aradel expands portfolio, grows profit to N401 billion

firm's revenue

Aradel Holdings Plc has achieved a profit after tax (PAT) of N401.2 billion in its 2025 operations, a steep increase from N259.1 billion recorded in the corresponding period in 2024.
The company’s full-year unaudited 2025 results showed a 55 per cent rise in profit.

According to the company, the improved performance was underpinned by disciplined merger and acquisition (M&A) execution and long-term value creation.

This was in addition to its deliberate focus on increasing portfolio and optimising asset, capital discipline and product diversification.

At a virtual briefing on Wednesday, the firm’s Investor Relations Manager, Ilobekemen Idiake, said the firm’s revenue also increased to N697.3 billion.

The company’s bottom line remained strong, buoyed mainly by transaction-related income and a notable surge in returns from investments after an aggressive phase of portfolio expansion, notwithstanding the impact of volatile oil prices, elevated costs and margin pressure on core operations.

“On 31 December 2025, we completed the acquisition of an additional 40 per cent equity interest in ND Western Limited. The Transaction resulted in a material increase in Aradel’s aggregate shareholding in ND Western from 41.67 per cent to 81.67 per cent, and its ownership of Renaissance Africa Energy Company Limited from 33.3 per cent to 53.3 per cent,” Idiake recalled.

He said revenue from crude oil exports grew by 18 per cent to N440.1 billion from N373.7 billion in 2024, supported by higher production volumes and reliable evacuation through both the TNP and ACE systems.
Its crude sales rose to 4.1mmbbls from 3.1mmbbls in 2024, accounting for 63 per cent of the total revenue despite a decline in realised crude oil prices.

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