NNPC profit rises 33% to N7.2 trillion in 2025 despite revenue decline
NNPC Limited’s profit after tax rose 33% to N7.2 trillion in 2025 from N5.4 trillion in 2024, despite a 24% decline in revenue to N34.5 trillion. The post NNPC profit rises 33% to N7.2 trillion in 2025 despite revenue decline appeared first on Nairametrics .
The Nigerian National Petroleum Company Limited (NNPC) reported a 33 percent increase in profit after tax, reaching N7.2tn in 2025, despite a decline in revenue due to falling crude oil prices and reduced product volumes. The Group Chief Executive Officer, Bayo Ojulari, revealed these results during a media interaction in Abuja.
The CEO emphasized that the company's improved profitability came from operational enhancements and financial discipline, despite the challenging conditions. NNPC's profit growth outpaced the 39 percent increase in government remittances, while production reached record levels with crude oil and condensate output peaking at 1.77 million barrels per day and gas supply hitting a three-year high of 7.2 billion standard cubic feet per day.
Ojulari cautioned that the company must maintain these gains and improve performance in the future to sustain growth and strengthen Nigeria's energy security.
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