Aradel Holdings Plc has announced plans to focus on increasing gas production, improving operational efficiency, and maximizing the value of its newly acquired assets in 2026 following a strong financial and operational performance in 2025.
The indigenous energy company disclosed the strategy while presenting its audited financial results for the year ended December 31, 2025. According to the company, recent acquisitions completed at the end of 2025 have significantly expanded its reserves, production capacity, and overall operational footprint, creating a strong platform for future growth.
During the year, Aradel recorded notable increases in both crude oil and gas production. Crude oil output rose by three percent to 14.1 thousand barrels per day, supported by improved well optimization and efficient reservoir management. Gas production experienced even stronger growth, climbing by 59 percent to 51.4 million standard cubic feet per day.
The company also achieved its highest-ever gas production rate of approximately 83.8 million standard cubic feet per day during the year, a milestone driven by successful gas expansion and facility upgrade projects.
Aradel’s strong operational performance translated into improved financial results. Revenue increased by 20 percent to N699.4 billion, while profit after tax surged by an impressive 192 percent to N757.3 billion. Total assets also grew significantly, rising by 466 percent to N9.9 trillion.
A major contributor to this growth was the acquisition of an additional 40 percent stake in ND Western Limited. The transaction increased Aradel’s effective ownership in Renaissance Africa Energy Company to 53.3 percent, strengthening its position in Nigeria’s energy industry.
The company explained that while the acquisitions have already boosted its balance sheet, their full operational and earnings contributions will only begin to appear in its consolidated financial statements from 2026. This means the strong financial results reported for 2025 largely reflect Aradel’s standalone operations, with even greater potential expected in the coming years.
Chief Executive Officer, Adegbite Falade, described 2025 as a landmark year in the company’s history. He said Aradel successfully combined strong financial performance with strategic expansion, positioning the company for larger-scale operations and long-term growth.
According to him, the acquisitions have transformed the company’s asset base and strengthened its ability to increase production while diversifying revenue streams.
Looking ahead, Aradel plans to focus on integrating its expanded portfolio, increasing efficiency across its operations, and boosting oil and gas output. The company also intends to strengthen its role in supporting Nigeria’s domestic gas supply and energy transition efforts.
In the downstream segment, Aradel recorded improvements in refinery performance. Refinery utilization increased to 49 percent from 40 percent in the previous year, reflecting better operational efficiency and higher production capacity.
Refined petroleum product output rose by 18 percent to 313.4 million litres, compared to 264.9 million litres in 2024. Sales volumes also increased by 26 percent, reaching 302.9 million litres during the year.
The company’s Ogbele Field remained a major contributor to production growth, supported by ongoing drilling activities and improved well-flow management.
To reward shareholders, Aradel’s Board of Directors proposed a final dividend of N23 per share, bringing the total dividend payout for the 2025 financial year to N33 per share.
With stronger assets, higher production capacity, and improved operational performance, Aradel enters 2026 aiming to build on its momentum and further establish itself as one of Nigeria’s leading integrated energy companies.
