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Aradel Holdings' H1 Profit Jumps 293% to N752.7 Billion on Record Revenue

Guavy AI Editorial Team
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Aradel Holdings' H1 pre-tax profit surged 293% to N752.7 billion in 2026, driven by higher crude oil production and expanded operations that lifted revenue to a record N2.4 trillion.

The company's unaudited financial statements filed with the Nigerian Exchange (NGX) show that revenue grew 577% from N368.08 billion in H1 2025, while gross profit soared 807% to N1.44 trillion.

Aradel's upstream oil business accounted for nearly four-fifths of total revenue, with crude oil sales generating N1.98 trillion and natural gas contributing N512.10 billion.

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