Aradel Holdings Doubles Investor Returns Amid Expansion

Aradel Holdings (NGX: ARADEL) has seen its stock price increase by 123.87% from N670 at the end of 2025 to N1,499.90 as of October 16, 2026. However, the stock remains 25.89% below its April peak of N2,024.

Investors who bought at the peak have faced losses, raising questions about future opportunities. Aradel's expansion, including a completed investment in ND Western, has significantly increased its business scale and cash generation.

Chief Executive Officer Adegbite Falade noted that the full earnings contribution from these acquisitions will be reflected in the 2026 financial results. In H1 2026, Aradel generated N975.61 billion from operations after tax, while also investing N298.95 billion in property, plant, and equipment.

The company repaid N253.79 billion in borrowings and paid N145.52 billion in interest, ending the period with a cash balance of N1.72 trillion. The stock trades at approximately 8.54 times reported earnings.