NNPC’s sundry income hits N7.1 trillion, equivalent to 99% of annual profit
The Nigerian National Petroleum Company Limited (NNPC Ltd.) recorded N7.10 trillion in sundry income in 2025, an amount equivalent to about 99% of the N7.18 trillion net profit reported by the state-owned energy company for the year. The post NNPC’s sundry income hits N7.1 trillion, equivalent to 99% of annual profit appeared first on Nairametrics .
The Nigerian National Petroleum Company Limited (NNPC Ltd.) reported N7.10 trillion in sundry income for the year 2025, which accounted for nearly 99% of the company's total net profit of N7.18 trillion. This marked a significant increase of about 181% from the N2.53 trillion recorded in sundry income during 2024. The rise in sundry income became the leading component of NNPC's other income, which totaled N8.42 trillion for the year.
NNPC Chairman, Ahmadu Musa Kida, attributed the improved financial performance to the company's ability to navigate geopolitical instability, energy-transition pressures, and macroeconomic uncertainty. Despite a decline in revenue from its core operations, NNPC's net profit increased by approximately 33% to N7.18 trillion in 2025 from N5.41 trillion in the previous year.
The surge in sundry income, which encompasses earnings arising from activities outside NNPC's primary revenue-generating operations, played a crucial role in boosting the company's overall earnings.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
