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 gainsThe 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 reachBeyond 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 Limiteda company focused on mature, value-driven oil fields across Africafor 22.5 million. The deal deepens Aradels presence in Africas 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.