Aradel Holdings Plc Marks Three Decades of Sustained Growth at 31st AGM
Aradel Holdings Plc, Nigeria’s leading integrated indigenous energy company, held its 31st Annual General Meeting (AGM) virtually, on the 30th of July,…
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| ₦ 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 | Q1 2026 | H1 2026 |
|---|---|---|
| Revenue | 728.5 | 2,491.5 |
| Gross Profit | 256.3 | 1,439.7 |
| Operating Profit | 372.9 | 1,055.2 |
| EBITDA | – | – |
| Net Finance (Cost)/Income | -89.1 | -302.5 |
| Profit/(Loss) Before Tax | 283.8 | 752.7 |
| Profit/(Loss) After Tax | 120.3 | 191.0 |
| ₦ 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 | Q1 2026 | H1 2026 |
|---|---|---|
| Crude Oil Sale Revenue | 484.6 | 1,937.7 |
| Gas Sale Revenue | 187.9 | 427.8 |
| Refinery Production Revenue | 56.0 | 125.9 |
| Total | 728.5 | 2,491.5 |
| ₦ 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 | Q1 2026 | H1 2026 |
|---|---|---|
| Total Assets | 9,059.3 | 10,875.5 |
| Non Current Assets | 6,190.9 | 6,414.0 |
| Current Assets | 2,868.4 | 4,461.4 |
| Total Shareholders' Equity & Liabilities | 9,059.3 | 10,875.5 |
| Total Shareholder Equity | 1,894.4 | 2,168.0 |
| Non Current Liabilities | 3,198.6 | 3,194.5 |
| Current Liabilities | 3,966.4 | 5,512.9 |
| ₦ 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 |
| ₦ billion | Q1 2026 | H1 2026 |
|---|---|---|
| Net Cash Flow from Operating Activities | 868.3 | 975.6 |
| Net Cash Flow (used in)/ from Investing Activities | -132.3 | -280.5 |
| Net Cash Flow from/ (used in) Financing Activities | -634.4 | -462.6 |
| Increase/(Decrease) in Cash and Cash Equivalents | 101.7 | 232.5 |
| Cash and Cash Equivalents at the End of the Period | 1,600.4 | 1,717.6 |