Breaking: NNPC’s Profit Up 33% to N7.2tn as Revenue Hits N34.5tn
Emmanuel Addeh in Abuja The Nigerian National Petroleum Company Limited (NNPC) on Tuesday afternoon released its 2025 Audited Financial Statement (AFS), reporting a 33 per cent surge in Profit After
The Nigerian National Petroleum Company Limited (NNPC) announced a 33% increase in Profit After Tax (PAT) to N7.2 trillion for the year 2025, compared to N5.4 trillion in 2024. This profit surge was disclosed by the Group Chief Executive Officer (GCEO), Mr. Bayo Ojulari, during a press briefing at NNPC's headquarters in Abuja. The company's total revenue for 2025 reached N34.5 trillion, with earnings per share amounting to N35.9.
Tax remittances to the federal government rose by 39%, totaling N22.3 trillion, encompassing taxes, royalties, and statutory payments. Despite a decline in total revenue due to lower global crude oil prices and reduced white product volumes, NNPC's profit grew significantly owing to enhanced operational efficiency and financial discipline, according to Ojulari.
The company's crude oil and condensate production hit a five-year high of 1.77 million barrels per day, while natural gas supply increased to a three-year peak of 7.2 billion standard cubic feet per day, facilitated by investments in key assets and infrastructure.
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