NNPC delivers ₦7.2 Trillion profit as production reaches multi-year highs, declares ₦5.8Trn dividend - ITREALMS

NNPC Limited has announced its audited financial results for the year ended December 31, 2025, revealing a Profit After Tax of ₦7.2 trillion; a 33% increase from ₦5.4 trillion in 2024, reports ITREALMS.

The strong performance, which also featured a declared dividend of ₦5.8 trillion up 35%, was made public following the company's Annual General Meeting and second earnings call with financial and business analysts.

Despite a 24% decline in revenue to ₦34.5 trillion, primarily reflecting lower crude oil prices and reduced white product volumes following 2024 market deregulation, NNPC demonstrated robust operational resilience. Key financial metrics advanced significantly: EBITDA climbed 22% to ₦18.0 trillion, Earnings Per Share grew 32% to ₦35.9, operating cash flow rose 16% to ₦12.8 trillion, and Return on Equity improved by 200 basis points to 16%.

Operational highlights for the year showed crude oil and condensate production averaging 1.77 million barrels per day, its highest level in five years; totaling 565.8 million barrels (a 5% increase), with NNPC's equity share rising 11% to 223.7 million barrels. Natural gas output similarly reached a three-year high, averaging 7.2 billion standard cubic feet per day, with total production touching 2,606.2 billion standard cubic feet.

Portfolio progress featured the completion of the AKK River Niger crossing and the full completion of the 40-inch by 623-kilometre Ajaokuta-Kaduna-Kano mainline. Additionally, the company commissioned the ANOH-OB3 Custody Transfer Metering Station, advanced the 300MMscfd ANOH Gas Processing Plant toward start-up readiness, acquired 500 CNG-powered trucks, and adopted a Technical Equity Partnership Model for refinery reforms.

Highlighting the company's "Talent-to-Value" transformation, Group Chief Executive Officer Engr. Bashir Bayo Ojulari noted that NNPC welcomed 1,023 full-time employees in 2025, including over 1,000 graduates from a rigorous internship program. Women currently hold 23% of leadership roles, outperforming the industry average of 17%.

“Our 2025 performance shows what disciplined execution and a capable workforce can deliver,” said Engr. Ojulari. “We are strengthening earnings, growing production and investing in the people and assets that will sustain value for our shareholders, communities and the Nigerian people.”

Looking ahead, ITREALMS gathered that NNPC has set ambitious targets: scaling crude production to 2 million barrels per day by 2027 and 3 million barrels per day by 2030, targeting natural gas output of 12 billion standard cubic feet per day by 2030, and mobilizing $60 billion in upstream, midstream, and downstream investments by the end of the decade.

Remmy Nweke/DoP