NNPCL posts N7.2tn profit as revenue falls 24% to N34.5tn
The Nigerian National Petroleum Company Limited, NNPCL, has announced its audited results for the year ended December 31, 2025, reporting a 24 percent decline in revenue.
NNPCL spokesperson, Andy Odeh, disclosed the figures in the company’s 2025 Audited Financial Statements, on Tuesday.
The results followed the company’s Annual General Meeting and second Earnings Call with financial and business analysts.
The feat underlines the company’s growing earnings capacity and operational momentum while providing a stronger platform for growth.
Profit After Tax rose by 33 percent to N7.2 trillion from N5.4 trillion in 2024, while revenue stood at N34.5 trillion. Revenue declined by 24 percent, principally reflecting lower crude oil prices and reduced white product volumes following market deregulation in 2024.
DAILY POST reports that key features of the financial results showed that EBITDA rose by 22 percent to N18.0 trillion; Earnings Per Share increased by 32 percent to N35.9; operating cash flow grew by 16 percent to N12.8 trillion; Return on Equity improved by 200 basis points to 16 percent; and the declared dividend increased by 35 percent to N5.8 trillion.
Also, crude oil and condensate production averaged 1.77 million barrels per day, its highest level in five years. Natural gas output averaged 7.2 billion standard cubic feet per day, a three-year high.
Oil and condensate production totalled 565.8 million barrels, up 5 percent, with NNPC Limited’s equity share increasing by 11 percent to 223.7 million barrels. Natural gas production reached 2,606.2 billion standard cubic feet, up 9 percent, while its equity share rose by 11 percent to 1,154.9 billion standard cubic feet.
Progress across the portfolio included the completion of the AKK River Niger crossing and full completion of the 40-inch-by-623-kilometre Ajaokuta-Kaduna-Kano mainline. NNPC Limited commissioned the ANOH-OB3 Custody Transfer Metering Station and advanced the 300 MMscfd ANOH Gas Processing Plant to start-up readiness. It also acquired 500 CNG-powered trucks and adopted a Technical Equity Partnership Model for its refinery reform.
“Our 2025 performance shows what disciplined execution and a capable workforce can deliver,” said Engr. Bashir Bayo Ojulari, Group Chief Executive Officer of NNPC Limited. “We are strengthening earnings, growing production and investing in the people and assets that will sustain value for our shareholders, communities and the Nigerian people.”