WATCH THE VIDEO HERE Aradel Holdings Plc has released its financial statements for the quarter ended 31st March 2025, reporting a pre-tax profit of N67.1 billion. This reflects a 70.08% increase compared to N39.4 billion recorded in Q1 2024, supported by stronger crude oil revenue. Total revenue for the quarter rose to N199.8 billion, up 97.57% from N101.1 billion in Q1 2024. Despite a steep rise in cost of sales, which more than tripled to N120.9 billion, up 214.26%, the group recorded a gross profit of N78.8 billion, a 25.88% improvement from the previous year. Administrative expenses also rose sharply, climbing 149.21% to N15.9 billion. Nevertheless, Aradel’s core operational profit stood strong at N63.5 billion, representing a 79.14% year-over-year increase. On the balance sheet, Aradel Holdings reported total assets of N1.8 trillion, up 4.72% from the prior year. Key Highlights: As of the trading day ended 28th April 2025, shares of Aradel are priced at N448, with a year-to-date performance of -25.08% in the Nigerian stock market.
Aradel posts record Q1 profits as crude oil sales surge
