Trillion-Naira Club: Top 10 Most Profitable Stocks Driving NGX Growth in Q3 2025
Nigeria’s equities market recorded an impressive 18.95% return in Q3 2025, largely driven by a powerful rally among heavyweight stocks known as SWOOTs (Stocks Worth Over One Trillion Naira). Out of the 22 listed SWOTs, nine gained more than 20%, while another seven advanced between 15% and 20%, underscoring the strength of blue-chip sentiment on the Nigerian Exchange (NGX). The collective uptrend among these trillion-naira giants lifted the market’s overall tone, helping the All-Share Index notch its third-best quarterly performance since 2020.
By definition, SWOTs are the elite group of Nigerian corporates with market capitalizations exceeding ₦1 trillion. Their sheer size and liquidity make them key influencers of market direction, meaning any broad movement among them often determines overall investor sentiment. In Q3 2025, these stocks not only reinforced market resilience but also renewed confidence in Nigeria’s corporate earnings outlook despite macroeconomic challenges and tighter monetary conditions.
This ranking highlights the top 10 best-performing SWOOTs in Q3 2025, based solely on share price appreciation, not size. Each company on this list maintained a valuation above the trillion-naira mark. Their performance underscores a robust earnings season, strategic expansions, and renewed institutional interest in high-cap Nigerian equities, especially as investors repositioned for value amid rising inflation and fiscal reforms.
Aradel Holdings Plc emerged as the 10th best-performing SWOOT, posting a 19.53% return in Q3. Despite sluggish momentum across the oil and gas sector, Aradel remained a standout performer — supported by its solid financials and revenue growth. The stock opened the quarter at ₦514.50, closing at ₦615, with a late-September rally delivering most of its quarterly gains. As of September 30, the company held a ₦2.67 trillion market capitalization and over 4.3 billion outstanding shares.
Aradel’s H1 2025 financials revealed impressive top-line growth, with revenue rising 37.18% to ₦368.07 billion, up from ₦268.3 billion a year earlier. Crude oil sales contributed ₦232.7 billion, refined products earned ₦116.4 billion (up 42.57%), and gas sales grew 21.74% to ₦18.8 billion. This performance lifted pre-tax profit by 17.89% to ₦191.3 billion, even after absorbing administrative expenses of ₦53.1 billion. Though the stock saw a 16% decline in Q1, it remains up 8.71% year-to-date, positioning Aradel as a resilient player in Nigeria’s evolving energy market.
source: nairametrics