A final dividend of N23 has been proposed by the board of Aradel Holdings Plc for payment to shareholders of the company for the 2025 financial year, bringing the total dividend to N33 after an interim dividend of N10 earlier in the year.
The energy firm declared the cash reward after growing its revenue for the year by 20 per cent to N699.4 billion, driven by improvement across all business segments.
It was observed that crude oil remained the dominant revenue stream, with exports increasing by 18 per cent to N440.1 billion and contributing 63 per cent of total revenue, supported by higher production volumes and reliable evacuation via TNP and ACE.
Refined products revenue rose by 18 per cent to N210.8 billion, representing 30 per cent of total revenue, buoyed by a 26 per cent rise in sales volume to 302.9 million litres compared with the 240.5 million litres achieved in the 2024 fiscal year. Gas revenues rose by 72 per cent to N48.6 billion, accounting for 7 per cent of total revenue, driven by higher production volumes despite lower realised gas prices.
Business Post reports that Aradel posted a profit before tax of N835.0 billion compared with N316.8 billion reported a year earlier, representing a 164 per cent surge, while the profit after tax expanded by 192 per cent to N757.3 billion from N259.1 billion as a result of higher underlying earnings, the non-recurring gains arising from the consolidation, and improved tax efficiency.
In the year, the organisation maintained a healthy cash position, supported by strong operating cash flow and disciplined working capital management. Net cash from operating activities moderated to N179.7 billion from N311.9 billion in FY 2024, reflecting the timing of cash settlements and working capital movements.
Commenting on the results, the chief executive of Aradel, Mr Adegbite Falade, 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 per cent investment in ND Western and the resultant increase in our total effective interest in Renaissance (53.3 per cent) 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.”
“Looking ahead, our focus in 2026 is on consolidating our expanded portfolio to enhance operational scale, improve efficiency across our assets, increase production and further diversify our revenue base anchored on our long-term ambition to grow the group’s production to support sustainable, long-term shareholder value,” he added.
