The Nigerian National Petroleum Company Limited (NNPC Limited) has reported a profit after tax of N7.2 trillion for the 2025 financial year, a 33 percent increase from the N5.4 trillion recorded in 2024.
The company announced the results on Tuesday in Abuja. Its revenue, however, fell by 23.4 percent, from N45.075 trillion in 2024 to N34.516 trillion in 2025.
NNPC Limited also posted earnings per share of N35.9, while its taxes, royalties and other remittances to the Federal Government rose by 39 percent to N22.3 trillion.
The company attributed the rise in profit, despite the lower revenue, to improved operational efficiency and cost discipline.
Speaking on the results, the Group Chief Executive Officer (GCEO) of NNPC Limited, Engr. Bayo Ojulari, said the decline in revenue was largely due to lower crude oil prices and reduced white-product volumes following market deregulation.
He said the company nonetheless recorded improved operational performance, with crude oil and condensate production hitting a five-year peak of 1.77 million barrels per day in 2025. Natural gas supply also rose to a three-year high of 7.2 billion standard cubic feet per day.
According to the company, crude oil production for the year totalled 565.8 million barrels, of which 278.2 million barrels were supplied to domestic refineries.
Gas supply to power plants and commercial customers stood at 473.3 billion standard cubic feet during the year.
Key figures (optional sub-bullets)
- Profit after tax: N7.2trn (up 33% from N5.4trn)
- Revenue: N34.516trn (down 23.4% from N45.075trn)
- Remittances to FG: N22.3trn (up 39%)
- Crude supplied to domestic refineries: 278.2m barrels
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