Aradel Holdings has announced a record-breaking profit of N401 billion for 2025, marking a 54.9% increase from the previous year. The surge comes after the company strategically acquired an additional 40% stake in oil driller ND Western, a move that delivered a provisional gain of N201 billion and strengthened its foothold in Nigeria’s upstream oil sector.
The company’s turnover jumped to N697.3 billion, up from N581.2 billion in 2024. However, rising operational costs meant much of the revenue increase was absorbed, according to financial statements released on Tuesday. Despite the cost pressures, Aradel’s focus on acquisition-driven growth helped boost its profit before tax to N463.7 billion, with profit after tax climbing significantly to N401.2 billion.
Aradel’s recent acquisitions have been pivotal. In December 2025, it expanded its ND Western stake to 81.7%, gaining majority ownership of the oil mining lease (OML) 34. Earlier in March, Renaissance Africa Energy Holdings—a company in which Aradel holds 53.3%—completed the acquisition of Shell’s onshore assets in Nigeria for $2.4 billion, signaling a clear shift toward portfolio consolidation over new greenfield projects.
The company’s strategy is already paying off in its broader investment portfolio. Aradel’s share of profit in associates surged 523% to N197 billion, reflecting gains from diversification across the energy sector. Total assets also grew nearly sixfold to N10.4 trillion, fueled by increased investment in property, plant, and equipment.
CEO Adegbite Falade emphasized that the company’s focus remains on sustainable growth and operational efficiency. “Looking ahead, our priority is to consolidate the expanded portfolio, improve asset efficiency, increase production, and diversify revenue streams to maximize long-term shareholder value,” he said. Aradel’s strategic moves underscore its ambition to become a leading force in Nigeria’s oil and gas industry.
Aradel Holdings has announced a record-breaking profit of N401 billion for 2025, marking a 54.9% increase from the previous year. The surge comes after the company strategically acquired an additional 40% stake in oil driller ND Western, a move that delivered a provisional gain of N201 billion and strengthened its foothold in Nigeria’s upstream oil sector.
The company’s turnover jumped to N697.3 billion, up from N581.2 billion in 2024. However, rising operational costs meant much of the revenue increase was absorbed, according to financial statements released on Tuesday. Despite the cost pressures, Aradel’s focus on acquisition-driven growth helped boost its profit before tax to N463.7 billion, with profit after tax climbing significantly to N401.2 billion.
Aradel’s recent acquisitions have been pivotal. In December 2025, it expanded its ND Western stake to 81.7%, gaining majority ownership of the oil mining lease (OML) 34. Earlier in March, Renaissance Africa Energy Holdings—a company in which Aradel holds 53.3%—completed the acquisition of Shell’s onshore assets in Nigeria for $2.4 billion, signaling a clear shift toward portfolio consolidation over new greenfield projects.
The company’s strategy is already paying off in its broader investment portfolio. Aradel’s share of profit in associates surged 523% to N197 billion, reflecting gains from diversification across the energy sector. Total assets also grew nearly sixfold to N10.4 trillion, fueled by increased investment in property, plant, and equipment.
CEO Adegbite Falade emphasized that the company’s focus remains on sustainable growth and operational efficiency. “Looking ahead, our priority is to consolidate the expanded portfolio, improve asset efficiency, increase production, and diversify revenue streams to maximize long-term shareholder value,” he said. Aradel’s strategic moves underscore its ambition to become a leading force in Nigeria’s oil and gas industry.
source: premiumtime