Aradel Grows Profit by 192%, Declares N23 as Final Dividend
Oil company Aradel Holdings Plc has announced a N23 dividend per share following an earnings beat for the 2025 financial year. The company grew profit after tax by 192% year-on-year to N757 billion, beating analysts’ estimates by miles.
The company said 2025 was a transformative year for Aradel, defined by landmark acquisitions that reshaped its growth trajectory.
MarketForces Africa reported that the Group completed the acquisition of an additional 40% interest in ND Western Limited, bringing its total effective equity in Renaissance Africa Energy Company to 53.3% post-acquisition.
The transaction significantly expanded the Company’s reserves, production base and operational footprint, positioning Aradel for materially greater scale. It said the strategic progress was matched by strong financial performance with a 20% year-on-year revenue growth to ₦699.4 billion.
This translated to a strengthened bottom line; Aradel’s profit after tax rose by 192% to ₦757.3 billion, and total assets grew by 466% to ₦9.9 trillion, establishing a platform with the scale and reserve base to underpin Aradel’s continued expansion.
Total revenue rose 20% year on year to ₦699.4 billion from ₦581.2 billion in 2024, driven by growth across all business segments.
The company said crude oil remained the dominant revenue stream, with exports increasing by 18% to ₦440.1 billion and contributing 63% of total revenue, supported by higher production volumes and reliable evacuation via TNP and ACE.
Details revealed that refined products revenue rose by 18% to ₦210.8 billion, representing 30% of total revenue, driven by a 26% rise in sales volume to 302.9 million litres from 240.5 million litres in 2024.
The company said the growth demonstrates its expanding downstream footprint. Gas revenues rose by 72% to ₦48.6 billion (7% of total revenue), driven by higher production volumes despite lower realised gas prices ($1.52/mscf vs $1.66/mscf in FY 2024)
Commenting, Mr Adegbite Falade, Chief Executive Officer, said, “2025 was a defining year as we continued to strengthen our position as an integrated energy operating platform. We delivered record revenue and profitability, while executing the most transformational strategic expansion in our history.
“Our additional 40% investment in ND Western and the resultant increase in our total effective interest in Renaissance (53.3%) significantly expanded our reserves, production base and operational footprint, positioning Aradel to operate at materially greater scale from 2026 onwards.
“The consolidation of NDW and Renaissance fundamentally reset the scale of the Company’s balance sheet, giving us the asset and reserve base to underpin our future expansion. Our 2025 audited accounts therefore capture the balance-sheet impact of these acquisitions; their full earnings contribution will be reflected in the Group’s consolidated financial results from 2026 onwards”.
Projecting into the financial year 2026, Falade said Aradel focus is on consolidating its expanded portfolio to enhance operational scale, improve efficiency across assets, increase production and further diversify revenue base anchored on long-term ambition to grow the Group’s production to support sustainable, long-term shareholder value.
The oil company told the regulator that its board approved the final dividend, bringing the total dividend for the financial year ended December 31st, 2025, to ₦33.00.
Noting the dividend is subject to appropriate withholding tax and approval, Aradel said the amount will be paid to shareholders whose names appear in the Register of Members as at the close of business on Thursday, July 9 th, 2026.
“On Friday, July 31st, 2026, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at July 9th, 2026 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts”, Aradel told the regulator in a disclosure, Aradel Holdings Gains 5% Amidst Missed Regulatory Filing
