…as Revenue rises 43% in nine months
By Seun Ibiyemi
Aradel Holdings Plc has reported strong financial results for the nine months ended September 30, 2025, with profit after tax surging by 122 per cent to N245.1 billion, driven by solid revenue growth and robust performance across its energy segments.
According to the unaudited financial statements filed with the Nigerian Exchange Group (NGX), revenue rose by 43 per cent year-on-year to N538.8 billion, up from N377.6 billion in the same period of 2024.
Profit before tax climbed by 57 per cent to N300.7 billion, while earnings before interest, tax, depreciation and amortisation (EBITDA) increased to N261.4 billion, representing a 10% growth.
In recognition of its improved profitability and strong liquidity position, the Board of Directors declared an interim dividend of N10.00 per share, a 25 per cent increase from the N8.00 per share declared in the prior year.
The Chief Executive Officer, Mr. Adegbite Falade, said the results reflect Aradel’s operational efficiency, disciplined capital management, and commitment to delivering long-term value to shareholders.
Falade said: “The company continues to demonstrate the strength and resilience of its business model, delivering another solid performance despite a dynamic operating environment.
“Our consistent growth and strong fundamentals reinforce our commitment to sustainable value creation and prudent financial management.”
Aradel’s crude oil production rose by 25 per cent to an average of 15,300 barrels per day, while gas output grew 41 per cent to 50.6 million standard cubic feet per day.
The company also recorded a 40 per cent increase in refined product output to 235.7 million litres, reflecting improved refinery uptime and capacity expansion.
The company achieved a record 8.5 million manhours without a Lost Time Injury (LTI), underscoring its strong safety culture and operational discipline.
Since its landmark listing on the Nigerian Exchange (NGX) in October 2024, Aradel has maintained consistent growth and expanded its upstream and downstream footprint through strategic acquisitions, including additional stakes in ND Western Limited and new field developments.
Looking ahead, Falade said Aradel remains focused on disciplined investments, strategic partnerships, and innovation to drive energy diversification and sustain profitability.
“With our strong fundamentals and clear strategy, we are confident in our ability to sustain growth, deliver superior returns, and maximise shareholder value,” he added.
The company’s balance sheet remains robust, with cash and cash equivalents of N399.5 billion and total assets of N2.0 trillion as of September 2025, despite increased borrowing to fund expansion.
Aradel Holdings’ interim dividend of N10.00 per share underscores its continued profitability and long-standing commitment to rewarding investors, marking another milestone in its 20 years of uninterrupted production and operational excellence.