NNPC Reports 33% Profit Surge to N7.2 Trillion in 2025

The Nigerian National Petroleum Company Limited (NNPC) announced a 33% increase in Profit After Tax (PAT) to N7.2 trillion for the financial year ended 2025, up from N5.4 trillion in 2024, despite a 24% decline in total revenue to N34.5 trillion. NNPC declared a dividend of N5.8 trillion, a 35% increase from the previous year, and reported an average crude and condensate production of 1.77 million barrels per day, the highest in five years.

Key financial indicators showed Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) rose 22% to N18 trillion, while earnings per share increased by 32% to N35.9. Operating cash flow grew by 16% to N12.8 trillion, and return on equity improved by 200 basis points to 16%.

Bayo Ojulari, Group Chief Executive Officer, attributed the profit increase to improved operational efficiency and financial discipline. Taxes and remittances to the federal government rose 39% to N22.3 trillion, with significant improvements in both oil and natural gas production.