Integrated energy giant, Aradel Holdings Plc, has released its unaudited consolidated financial statements for the first quarter ended 31 March 2026, showcasing an unprecedented financial performance that completely surpasses its previous records.
The group’s revenue skyrocketed to a staggering N728.52bn, representing a phenomenal 264.5 per cent surge compared to the N199.87bn reported in the corresponding period of 2025.
This was contained in the company’s corporate filing to the Nigerian Exchange Limited on Monday.
The stellar growth trickled down to its profitability metrics, with the group posting a profit before taxation of N283.84bn, rising significantly by 322.5 per cent from N67.17bn in Q1 2025.
Following a tax expense deduction of N163.55bn, net profit after tax tripled to N120.29bn, up from N34.20bn in the previous year.
Along with these bottom-line gains, gross profit rose to N256.28bn from N78.89bn, while operating profit advanced significantly to N372.92bn from N63.56bn.
Consequently, basic and diluted earnings
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