NNPC Reports N7.2tn Profit in 2025 Amid Revenue Drop

The Nigerian National Petroleum Company Limited (NNPC) announced a profit after tax of N7.2tn for 2025, marking a significant increase from N5.4tn in 2024, despite a 24% decline in revenue from N45.1tn to N34.5tn. Group Chief Executive Officer Bayo Ojulari revealed these results during a media parley in Abuja, attributing the profit growth to a 25% reduction in administrative expenses and intensified debt recovery from crude oil and gas customers.

NNPC's profit surged from N674.1bn in 2021 to N7.2tn in 2025, representing an increase of approximately 968% over four years. The company also reported a 39% rise in taxes, royalties, and remittances to the government, totaling N22.3tn.

Operationally, crude oil production peaked at 1.77 million barrels per day, and gas supply reached 7.2 billion standard cubic feet per day. Chief Financial Officer Adedapo Segun emphasized that the company focused on controlling operating costs to achieve these results.