Yemisi Izuora
Aradel Holdings Plc, has released its unaudited half year results for the period ended 30 June 2025, showing impressive growth performance.
Profit before tax of ₦191.3 billion, up by 17.9% (H1 2024: ₦162.3 billion), with an Income tax expense estimate of ₦44.9 billion (Cash Tax ₦39.7 billion and Deferred tax ₦5.2 billion), relative to H1 2024 tax expense of ₦57.9 billion.
Profit after tax increased by 40.2% to ₦146.4 billion (H1 2024: ₦104.4 billion).
The Chief Executive Officer of Aradel Holdings Plc, Mr. Adegbite Falade, reacting to the result, said, “The first half of 2025 was shaped by both opportunities and challenges for Nigeria’s oil and gas industry. Global geopolitical tensions continued to drive supply uncertainties and price volatility, while local operating conditions, from infrastructure to regulatory transitions, demanded resilience and adaptability.
He said that in the face of this dynamic landscape, the Company remains focused and forward-looking. We recorded strong operational performance, driven by stable average production volumes.
Speaking further, Falade said, “We made significant progress on our strategic growth agenda. We successfully completed the acquisition of equity interest in Chappal Energies Mauritius Limited. Furthermore, our recent investment in Renaissance Africa Energy Company, our deemed associate, has yielded positive returns, with our share of its performance featuring in Aradel’s books for the first time.
“ND Western Limited and Renaissance Africa Energy Company are expected to remain significant contributors to our bottom-line from non-operated assets into the future. The consistent performance of our associate companies underscores the strategic value of our stake and supports our broader portfolio diversification objectives.”
He said the firm is looking forward with huge expectations ahead to the second half of the year, as it remain focused on executing strategic priorities: enhancing shareholder value, maintaining operational excellence, and delivering responsibly in today’s changing energy landscape.”