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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 |
Aradel Holdings Plc, Nigeria’s leading integrated indigenous energy company, held its 31st Annual General Meeting (AGM) virtually, on the 30th of July,…
Lagos, Nigeria – 31 July 2026: Aradel Holdings Plc (“Aradel”, “Aradel Holdings”, “the Company” or “the Group”), Nigeria’s leading integrated indigenous energy…
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Lagos, Nigeria – 22 June 2026: Aradel Holdings Plc (“Aradel”, “Aradel Holdings”, “the Company” or “the Group”), Nigeria’s leading integrated indigenous energy…
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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…
