How NNPC avoided a loss in 2025 amid revenue decline
NNPC, the country’s national oil company, has released its 2025 annual report for the year ended December 2025, reporting an 18.3% increase in pre-tax profit to N11.31 trillion, compared with N9.56 trillion in 2024. The post How NNPC avoided a loss in 2025 amid revenue decline appeared first on Nairametrics .
NNPC, Nigeria's national oil company, reported a 32.7% increase in profit after tax to N7.18 trillion in 2025, despite a 23.4% decline in revenue to N34.52 trillion. The company's revenue dropped significantly due to a sharp decline in petroleum products and crude oil sales. However, NNPC managed to avoid a loss by benefiting from higher other income, lower general and administrative expenses, and the reversal of a previous impairment loss.
The company spent less on running the business and recovered a portion of money owed to it. While NNPC's cash balance decreased, the funds were used to settle liabilities, invest in assets, and pay dividends.
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