Aradel Holdings Plc reported a 192 percent surge in full-year profit after tax for 2025, driven by strong growth across its oil, gas, and refining businesses, as well as substantial one-off gains arising from its landmark acquisition of additional interests in ND Western and Renaissance Africa Energy Company.
Profit at Nigeria’s integrated energy company rose to N757.3 billion in 2025 from N259.1 billion a year earlier, while revenue increased 20 percent to N699.4 billion from N581.2 billion.
The earnings growth was underpinned by higher crude oil, gas, and refined product sales, alongside a sharp increase in earnings from associates.
However, the biggest boost came from accounting gains linked to the acquisition of an additional 40 percent stake in ND Western, which raised Aradel’s effective ownership in Renaissance to 53.3 percent.
Operating profit climbed 152 percent to N733.6 billion, helped by a N217.1 billion gain on bargain purchase and a N393.2
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