Aradel Records 122% Net Income Growth, Hits N245.1 Billion in Nine Months

Aradel Holdings PLC has achieved a remarkable 122% net income growth, totaling N245.1 billion in the nine-month period ending September 30, 2025. The company's dollar-denominated profit also surged by 79% to $159.2 million.

Despite a slight slip in operating profit, Aradel's revenue rose by 43% to N538.8 billion, attributed to higher oil prices and stronger product volumes. The company's refining segment contributed significantly to revenue, with a profit margin of 26.7%.

Aradel also maintained a healthy cash position despite increased costs.