Aradel Crushes It with 293% Pre-Tax Profit Boost

Aradel Holdings Plc has reported an impressive pre-tax profit of N752.71 billion for the six months ended June 30, 2026. This represents a significant increase of 293% from the corresponding period in 2025, when the company recorded a pre-tax profit of N191.31 billion.

The company's revenue grew by 577% to N2.49 trillion, driven primarily by a sharp expansion in crude oil production and sales. The crude oil segment alone contributed N1.98 trillion to total revenue, accounting for approximately 79% of the total. Export sales remained dominant, with revenue generated outside Nigeria making up nearly 78% of total revenue.

Despite higher costs, including finance costs which rose sharply to N326.14 billion, the company's gross profit expanded significantly due to stronger revenue growth. The balance sheet also strengthened during the period, with total assets increasing by 10% to N10.88 trillion and cash and cash equivalents rising by 14% to N1.72 trillion.