Aradel Holdings Achieves N728bn Revenue in Q1 2026

Aradel Holdings PLC released its unaudited consolidated financial statement for the first quarter ending March 31, 2026, showcasing unprecedented financial performance with a revenue of N728.52 billion, representing a phenomenal 264.5% surge compared to N199.87 billion reported for the same period in 2025. The group posted a profit after taxation of N283.84 billion, a significant increase of 322.5% from N67.17 billion in Q1 2025.

Following tax expenses of N163.55 billion, the net profit after tax tripled to N120.29 billion from N34.20 billion the previous year. Gross profit rose to N256.28 billion, while operating profit advanced to N372.92 billion.

Basic diluted earnings per share doubled to N15.24 from N7.77 per share in Q1 2025. Chief Executive Officer Adegbit Falad attributed the results to a monumental shift in product operational efficiency and strategic expansion in the energy segment.

Chief Financial Officer Adegbola Adesina noted that the growth required rigorous internal cost management, with cash and cash equivalents growing to N1.60 trillion from N1.50 trillion at the end of December 2025.