Table of Contents
Key Points
- Aradel posts $240.5 million H1 2025 revenue, up 37% from last year, driven by higher crude output and improved evacuation logistics.
- Net profit climbs to $95.7 million, boosted by cost-efficient pipeline use and a $3.55/barrel premium hedge on 588,000 barrels.
- Aradel expands footprint with $29.5 million investments, acquiring upstream and downstream stakes to deepen control across Africa and southern Nigeria.
Aradel Holdings Plc, the energy group led by Adegbite Falade, reported revenue of N368.08 billion ($240.5 million) in the first half of 2025, continuing the solid performance it delivered in 2024. The company benefited from increased crude oil production, more efficient pipeline utilization, and higher lifting volumes through its Alternative Crude Evacuation (ACE) route.
Revenue rises on stronger logistics gains
The half-year figures showed a 37 percent rise in revenue compared to N268.31 billion ($175.4 million) during the same period last year. Net profit also climbed, up 40 percent to N146.39 billion ($95.7 million). These gains were underpinned by stronger output and improved logistics along its evacuation corridors.
In a move to manage risk amid volatile global oil prices, Aradel secured 588,000 barrels under forward contracts for 2025. While the strike price remained unchanged, the company negotiated a lower premium of $3.55 per barrel. These contracts will run through March 2026, helping to cushion the business from sharp swings in international pricing.
Broadening its reach
Beyond earnings, Aradel continued to grow its upstream footprint during the first half of the year. It acquired a 6.07 percent interest in Chappal Energies Mauritius Limited—a company focused on mature, value-driven oil fields across Africa—for $22.5 million. The deal deepens Aradel’s presence in Africa’s brownfield energy landscape.
The company also made moves in the downstream space. It increased its equity stake in Ever Oil & Gas Depot in Port Harcourt to 50 percent after a $7 million capital injection. This gives Aradel greater control over product storage and distribution across southern Nigeria, a key market for refined products.
A broader vision under Falade’s watch
Since its founding in 1992 as Niger Delta Exploration & Production Plc, Aradel has grown into a fully integrated energy company with operations spanning upstream, midstream, and downstream assets. Much of that transformation has taken place under the leadership of CEO Adegbite Falade, who has led the group into new markets and opportunities.
The company’s listing on the Nigerian Exchange in October 2024 marked a significant milestone, with its market valuation reaching N2.26 trillion ($1.48 billion). As of mid-2025, total assets stood at N1.81 trillion ($1.18 billion), up from N1.75 trillion ($1.14 billion), supported by investments in subsidiaries and a healthy cash position.
Retained earnings rise to $290 million
Retained earnings also improved, rising to N444.15 billion ($290.4 million) from N395.21 billion ($258.4 million). With strategic interests such as its stake in Renaissance Africa Energy—now the owner of Shell’s former Nigerian assets—Aradel appears to be laying the groundwork for further gains in the second half of the year.
