Audited Results: NNPC Profit Rises 33% to N7.2trn, Dividends Climb to N5.8trn
• Taxes, royalties, other remittances jump 39% to N22.3trn •Oil company reiterates $60bn investment target by 2030 •Total revenue dips to N34.5trn •Over 30 Chinese partners assess Warri, Port Harcourt
The Nigerian National Petroleum Company Limited (NNPC) reported a 33% increase in Profit After Tax (PAT) to N7.2 trillion in the financial year ended 2025, up from N5.4 trillion in 2024. Despite a 24% decline in total revenue to N34.5 trillion, NNPC declared a N5.8 trillion dividend, a 35% increase over the previous year. The company's production of crude oil and condensate averaged 1.77 million barrels per day, marking the highest level in five years, while natural gas supply reached a three-year peak of 7.2 billion standard cubic feet per day.
Production totaled 565.8 million barrels of oil and condensate and rose 9% to 2,606.2 billion cubic feet of natural gas. NNPC's Equity share increased 11% to 223.7 million barrels of oil and condensate and 11% to 1,154.9 billion cubic feet of natural gas. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased 22% to N18 trillion, and earnings per share grew 32% to N35.9.
Operating cash flow grew 16% to N12.8 trillion, and return on equity improved by 200 basis points to 16%. The board's decision to increase dividends was attributed to improved operational efficiency and financial discipline.
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