Aradel Holdings Plc has announced a 54.9% increase in profit after tax to N401.22 billion, up from N259.07 billion in 2024.
According to the company’s unaudited consolidated financial statements released on Wednesday, revenue surged by 20% year-on-year (YoY) to N697.30 billion from N581.15 billion, buoyed by operational services in its energy portfolio.
News.ng reports that total assets skyrocketed to N10.42 trillion as of December 31, 2025, from N1.75 trillion in 2024. This was driven by a significant increase in property, plant and equipment, which rose from N676.64 billion at the end of 2024 to N5.01 trillion in 2025. Deferred tax assets also expanded to N1.00 trillion.
On the investors’ front, shareholders’ equity grew sharply to N3.48 trillion, up from N1.40 trillion in 2024. Retained earnings climbed to N654.11 billion from N395.21 billion.
Despite recording an operating loss of N92.03 billion in 2025, compared with N56.23 billion in 2024, profit before tax rose to N463.71 billion from N316.77 billion, representing a 46.3% increase. This was supported by high income from associate investments, which contributed N196.96 billion.
Furthermore, basic earnings per share increased to N91.59k from N59.35k, representing a 54.3% rise, reflecting improved shareholder value.
The company also posted a strong liquidity position, with cash and bank balances rising to N1.47 trillion from N411.80 billion in 2024, while current assets reached N4.13 trillion.
On the downside, other comprehensive income turned negative, recording a loss of N86.84 billion, driven by foreign exchange losses of N53.09 billion and a comprehensive loss from associates of N39.42 billion.
Equity holders of the parent company recorded total comprehensive income of N312.21 billion, while non-controlling interests stood at N2.17 billion. Accrued profit attributable to parent equity holders amounted to N397.93 billion.
