Aradel assets hit N10 trillion after Renaissance acquisition drives 466% surge in balance sheet
Aradel Holdings Plc has recorded a dramatic leap in its financial position, with total assets surging by 466 per cent to N9.9 trillion in 2025, driven largely by a major acquisition that reshaped its balance sheet and expanded its energy footprint. The sharp increase reflects the company’s growing dominance in Nigeria’s integrated energy sector.
The surge follows Aradel’s acquisition of an additional 40 per cent stake in ND Western Limited, boosting its effective equity interest in Renaissance Africa Energy Company to 53.3 per cent. The transaction, completed on December 31, 2025, significantly expanded its reserves, production base, and operational scale, although its full earnings impact will only reflect from 2026.
For the financial year ended December 31, 2025, Aradel reported a 192 per cent rise in profit after tax to N757.3 billion, while revenue climbed 20 per cent to N699.4 billion. Operating profit also surged 152 per cent to N733.6 billion, supported by strong performance in crude oil exports, refined products, and gas sales, even as full contributions from the newly acquired assets were not yet consolidated in the income statement.
Operationally, the company saw mixed but improving output trends, with crude oil production rising modestly to 14.1 thousand barrels per day and gas output jumping 59 per cent. Crude oil exports remained its largest revenue driver, accounting for 63 per cent of total revenue, while refined product sales and gas revenue also recorded strong double-digit growth. Cash reserves strengthened to N1.5 trillion, and Aradel’s board proposed a total dividend of N33 per share for 2025.
Looking ahead, the company says its priority will be integrating its expanded asset base and scaling production to match its new size. Management believes the acquisition marks a “transformational” phase for Aradel, positioning it for stronger earnings and broader operational reach from 2026 as the benefits of its enlarged stake in Renaissance Africa Energy fully materialise.
source: The sun