An indigenous value-chain energy business with upstream, midstream, and downstream operations driving responsible energy production for Africa.
At Aradel, we are dedicated to forging a path of sustainable economic prosperity and making a lasting impact in the oil and gas and renewable energy sectors. We firmly believe in our capacity to achieve sustainable profitability and create long-term value. Aradel engages responsible contractors and suppliers, adhering to ethical standards and compliance rules. We support local businesses, sourcing from quality local contractors and suppliers to boost local capacity. Aradel gives precedence to responsible asset operation to drive stakeholder value creation and long-term resilience.
Aradel works with responsible contractors and suppliers who meet our standards for quality, ethics, safety, and compliance. We prioritise qualified local businesses and support capacity development through transparent, long-term partnerships.
Aradel is a fully indigenous, integrated energy company committed to delivering reliable energy while driving Africa’s transition to cleaner, more responsible solutions. We combine upstream, midstream, and downstream expertise with deep community partnerships, environmental responsibility, and a strong culture of operational excellence.
Aradel is a fully indigenous, integrated energy company committed to delivering reliable energy while driving Africa’s transition to cleaner, more responsible solutions. We combine upstream, midstream, and downstream expertise with deep community partnerships, environmental responsibility, and a strong culture of operational excellence.
Aradel is a fully indigenous, integrated energy company committed to delivering reliable energy while driving Africa’s transition to cleaner, more responsible solutions. We combine upstream, midstream, and downstream expertise with deep community partnerships, environmental responsibility, and a strong culture of operational excellence.
Aradel is a fully indigenous, integrated energy company committed to delivering reliable energy while driving Africa’s transition to cleaner, more responsible solutions. We combine upstream, midstream, and downstream expertise with deep community partnerships, environmental responsibility, and a strong culture of operational excellence.
Aradel operates across the full energy value chain — upstream, gas, refining, and markets — enabling operational flexibility, risk diversification, and stronger value capture across market cycles.
Aradel operates across the full energy value chain — upstream, gas, refining, and markets — enabling operational flexibility, risk diversification, and stronger value capture across market cycles.
We manage assets with a strong focus on safety, governance, and sustainability. Through disciplined operations and ethical partnerships, we build resilient systems designed for long-term performance.
Aradel Holdings Plc has received two of the highest honours at the 2026 NOG Energy Awards, reinforcing its position as one of…
Lagos, Nigeria – 22 June 2026: Aradel Holdings Plc (“Aradel”, “Aradel Holdings”, “the Company” or “the Group”), Nigeria’s leading integrated indigenous energy…
Lagos, Nigeria – 19 June 2026: Aradel Holdings Plc (“Aradel”, “Aradel Holdings”, “the Company” or “the Group”), Nigeria’s leading integrated indigenous energy…
Lagos Nigeria – 30 May 2026 Aradel Holdings Plc (“Aradel Holdings” or “the Group” or “the Company”) refers to its earlier market…
Aradel Holdings Plc is pleased to announce that it has been named the Energy Times Outstanding Oil & Gas Company of the…
Aradel Holdings Plc, Nigeria’s foremost indigenous integrated energy company, celebrated its female workforce at its 2026 International Women’s Day (IWD) event held…
Aradel Holdings Plc (“Aradel Holdings” or the “Company”) hereby notifies the investing public and its shareholders that it will be unable to…
Aradel Holdings Plc, Nigeria’s leading integrated indigenous energy company, has successfully attained the ISO 45001:2018 certification for its Occupational Health and Safety…
Lagos, Nigeria – 22 June 2026: Aradel Holdings Plc (“Aradel”, “Aradel Holdings”, “the Company” or “the Group”), Nigeria’s leading integrated indigenous energy…
Lagos, Nigeria – 19 June 2026: Aradel Holdings Plc (“Aradel”, “Aradel Holdings”, “the Company” or “the Group”), Nigeria’s leading integrated indigenous energy…
Aradel Holdings Plc (“Aradel Holdings” or the “Company”) hereby notifies the investing public and its shareholders that it will be unable to…
Lagos, Nigeria: 3 February 2026 Aradel Holdings Plc reports strong Full Year Unaudited 2025 results with 55% Profit after Tax growth, underpinned…
Aradel Holdings Plc (“Aradel” or the “Company”) has announced the appointment of Ms. Nnoli Akpedeye to its Board as an Independent Non-Executive…
Lagos, Nigeria – 31 December 2025 Aradel Holdings Plc (“Aradel” or the “Company”), a leading indigenous integrated energy company, announces that its…
Lagos, Nigeria – 30th October 2025 Aradel Holdings Plc (“Aradel”, “Aradel Holdings”, or “the Group”), Nigeria’s leading integrated indigenous energy Company, listed…
Lagos, Nigeria: 30 October 2025 Aradel Holdings Plc delivers strong and consistent 9M, 2025 results, declares interim dividend of ₦10.00, reinforcing growth…
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Incorporation of Midas Drilling Fund.
Renamed to Niger Delta Exploration & Production Company(NDEP) to reflect its focus on the Niger Delta region.
Negotiated the first ever farm-out agreement with the NNPC/Chevron JV for a Marginal Oil Field in Nigeria.
Established Nigeria's first Host Community Development Trust.
Attained first oil at the Ogbele Field.
Commissioned the first mini refinery at the Ogbele Field (with name plate capacity of 1,000 bbls/d).
Led a consortium to acquire the 45% equity interests divested by Shell Petroleum Development Company, Total, and Nigeria Agip Oil Company in OML 34.
Commissioned the Ogbele Gas Processing Plant (the first by an indigenous company, and with a name plate capacity of 100MMscf/d).
Executed an MOU to establish a Strategic Partnership with the South Sudan State National Oil Company.
The Ogbele Gas Project won the 2015 Global Gas Flare Reduction Excellence Award issued by the Global Gas Flare Reduction (GGFR) Forum, an arm of the World Bank.
Commissioned Train II of the Refinery, taking total installed refining capacity to 6,000 bbls/d.
Successfully introduced hydrocarbon into Train III of the Refinery, increasing capacity to 11,000 bbls/d.
Aradel Holdings attained its 30-year anniversary of its incorporation.
Aradel Holdings is the only non-NLNG partner to supply gas to NLNG.
Attained over 16 million manhours with zero Lost Time Incident (LTI) and earned the ISO 14001:2015 Edition certification, which governs Environmental Management Systems.
Name change to Aradel Holdings Plc.
Listed via introduction on the Main Board of the Nigerian Exchange Limited.
Attained first oil in Omerelu Field.
Acquired Olo and Olo West Fields.
Acquired 6.01% equity in Chappal Energies.
Acquired 33.3% (12.5% direct stake and 20.8% through ND Western) equity holding in the onshore assets of Shell Petroleum Development Company of Nigeria (SPDC) through Renaissance Africa Energy Holdings
Acquired additional 40% equity interest in ND Western Limited (“NDW”). Upon completion on 31 December 2025, Aradel’s shareholding increased to 81.67%, significantly enhancing Aradel’s upstream asset exposure, operational scale, and consolidated production and reserves profile.
Attained ISO 45001:2018 certification for its Occupational Health and Safety Management System.
| ₦ billion | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 51.6 | 66.1 | 221.1 | 581.2 | 699.4 |
| Gross Profit | 15.6 | 42.3 | 142.3 | 356.5 | 308.2 |
| Operating Profit | 12.0 | 29.3 | 114.1 | 291.4 | 733.6 |
| EBITDA | 31.3 | 41.2 | 129.3 | 372.0 | 815.0 |
| Net Finance (Cost)/Income | -1.6 | -1.5 | -5.1 | -6.2 | -8.1 |
| Profit/(Loss) Before Tax | 20.2 | 33.3 | 112.2 | 316.8 | 835.0 |
| Profit/(Loss) After Tax | 29.4 | 15.1 | 53.7 | 259.1 | 757.3 |
| ₦ billion | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Crude Oil Sale Revenue | 35.6 | 13.7 | 108.4 | 373.7 | 440.1 |
| Gas Sale Revenue | 5.3 | 5.2 | 10.2 | 28.2 | 48.6 |
| Refinery Production Revenue | 10.7 | 47.2 | 102.5 | 179.3 | 210.8 |
| Total | 51.6 | 66.1 | 221.1 | 581.2 | 699.5 |
| ₦ billion | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Assets | 377.4 | 473.4 | 923.4 | 1,749.8 | 9,896.1 |
| Non Current Assets | 340.8 | 371.7 | 658.9 | 1,211.1 | 6,504.3 |
| Current Assets | 36.6 | 101.7 | 264.5 | 538.7 | 3,391.8 |
| Total Shareholders' Equity & Liabilities | 377.4 | 473.4 | 923.4 | 1,749.8 | 9,896.1 |
| Total Shareholder Equity | 291.2 | 326.8 | 704.6 | 1,404.1 | 2,148.3 |
| Non Current Liabilities | 58.7 | 100.5 | 127.9 | 131.2 | 3,170.1 |
| Current Liabilities | 27.5 | 46.1 | 90.9 | 214.4 | 4,577.7 |
| ₦ billion | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net Cash Flow from Operating Activities | 34.6 | 34.6 | 139.0 | 311.9 | 179.7 |
| Net Cash Flow (used in)/ from Investing Activities | -15.3 | -9.6 | -45.1 | -128.7 | 708.9 |
| Net Cash Flow from/ (used in) Financing Activities | -11.9 | 23.7 | -49.7 | -113.8 | 219.6 |
| Increase/(Decrease) in Cash and Cash Equivalents | 7.4 | 46.6 | 44.3 | 69.3 | 1,108.2 |
| Cash and Cash Equivalents at the End of the Year | 12.8 | 60.7 | 183.0 | 411.8 | 1,504.7 |
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Successful and continuous production operations
Employees supporting communities & industry growth
Revenue
2P Reserves
2025 Full Year Audited Results
Crude oil Production
Gas Production
Refined Production
Revenue
EBITDA
Profit After Tax
Operating Cashflow
Total Assets
Last updated 24 July 2026, 10:36 WAT
Chorus Call
The Jewel Aeida Event Centre, 105, Hakeem Dickson Link Road, Lekki Phase I, Lagos.
Aradel Holdings FY 2025 & Q1 2026 Conference Call
Aradel Holdings FY 2025 Audited Results
Aradel Holdings 2025 9M Unaudited Results
Aradel Holdings 6M 2025 Unaudited Results
Aradel Holdings FY 24 & 3M 2025 Investor Presentation
Aradel Holdings 3M 2025 Unaudited Results
Aradel Holdings 9M 2024 Unaudited Results
Aradel Holdings 6M 2024 Unaudited Results
Aradel Holdings 3M 2024 Unaudited Results
Aradel Holdings 2023 Q3 Unaudited Results
Aradel Holdings 2023 6M 2023 Unaudited Results
Aradel Holdings Plc FY 2022 Audited Results
Aradel Holdings 3M 2023 Unaudited Results
NDEP FY 2022 Trading Update
Aradel Holdings 9M 2022 Unaudited Results
Aradel Holdings 2022 6M Unaudited Results
Total: 35 announcements
Aradel Holdings Plc has received two of the highest honours at the 2026 NOG Energy Awards, reinforcing its position as one of…
Lagos, Nigeria – 22 June 2026: Aradel Holdings Plc (“Aradel”, “Aradel Holdings”, “the Company” or “the Group”), Nigeria’s leading integrated indigenous energy…
Lagos, Nigeria – 19 June 2026: Aradel Holdings Plc (“Aradel”, “Aradel Holdings”, “the Company” or “the Group”), Nigeria’s leading integrated indigenous energy…
Lagos Nigeria – 30 May 2026 Aradel Holdings Plc (“Aradel Holdings” or “the Group” or “the Company”) refers to its earlier market…
Aradel Holdings Plc is pleased to announce that it has been named the Energy Times Outstanding Oil & Gas Company of the…
Aradel Holdings Plc, Nigeria’s foremost indigenous integrated energy company, celebrated its female workforce at its 2026 International Women’s Day (IWD) event held…
Aradel Holdings Plc (“Aradel Holdings” or the “Company”) hereby notifies the investing public and its shareholders that it will be unable to…
Aradel Holdings Plc, Nigeria’s leading integrated indigenous energy company, has successfully attained the ISO 45001:2018 certification for its Occupational Health and Safety…
Aradel Holdings Plc has been selected as the recipient of the Best Full-Field Integrated Operator Award at the 9th edition of the…
ISO 45001:2018
Aradel attained certification for its Occupational Health and Safety Management System in 2026
Aradel Holdings 2024 Sustainability Report
Aradel Holdings 2023 Sustainability Report
Aradel Holdings 2022 Sustainability Report
Aradel Holdings 2021 Sustainability Report
Aradel Holdings 2020 Sustainability Report
Aradel Holdings 2019 Sustainability Report
Aradel Holdings 2018 Sustainability Report
Aradel Holdings 2017 Sustainability Report
Aradel Holdings 2016 Sustainability Report
Aradel Holdings 2015 Sustainability Report
Aradel Holdings 2014 Sustainability Report
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