Aradel Holdings Plc Celebrates Dual Honours at the 2026 NOG Energy Awards
Aradel Holdings Plc has received two of the highest honours at the 2026 NOG Energy Awards, reinforcing its position as one of…
Lagos Nigeria – 30 May 2026
Aradel Holdings Plc (“Aradel Holdings” or “the Group” or “the Company”) refers to its earlier market communication dated 2 March 2026 regarding the delayed filing and publication of its FY 2025 Audited Financial Statements and Q1 2026 Unaudited Interim Financial Statements following the recent acquisition of an additional 40% equity interest in ND Western Limited.
In that communication, the Company indicated that it expected to release the FY 2025 audited financial statements together with the Q1 2026 unaudited financial statements on or before Friday, 29 May 2026.
Aradel Holdings hereby notifies The Nigerian Exchange Limited (“NGX”), shareholders and the investing public that the Company will not meet the timeline previously communicated. The delay is due to unforeseen complexities encountered in the consolidation process arising from the integration of the newly acquired interest in ND Western Limited into the Group’s reporting framework. Additional time is required to ensure that the consolidated results fairly present the financial position of the enlarged Group in line with applicable accounting standards and regulatory requirements.
The Company is working closely with its external auditors to complete the process without compromising the quality, accuracy or integrity of the financial statements. Both the FY 2025 Audited Financial Statements and the Q1 2026 Unaudited Interim Financial Statements will now be released on or before 19 June 2026.
The Company recognises the importance of timely and accurate financial reporting to its stakeholders. Aradel remains fully committed to its regulatory obligations and to the highest standards of financial transparency, disclosure and corporate governance.
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