The Nigerian National Petroleum Company Limited (NNPC) has reported a 33 percent rise in Profit After Tax (PAT) to N7.2 trillion for 2025, up from N5.4 trillion in 2024.
The company released its 2025 Audited Financial Statement on Tuesday at a press briefing at its headquarters in Abuja, led by the Group Chief Executive Officer, Bayo Ojulari.
Key figures
- Profit After Tax: N7.2 trillion, up from N5.4 trillion in 2024
- Total revenue: N34.5 trillion
- Earnings per share: N35.9
- Remittances to the federal government: N22.3 trillion in taxes, royalties and other statutory payments, up 39 percent
Revenue down, profit up
Ojulari said total revenue declined year-on-year because of lower global crude oil prices and reduced white product volumes following market deregulation.
He said profit grew significantly due to improved operational efficiency and sustained financial discipline across the business.
Output at multi-year highs
Crude oil and condensate production reached a five-year peak of 1.77 million barrels per day (bpd).
Natural gas supply hit a three-year high of 7.2 billion standard cubic feet per day, driven by targeted investments in key assets and infrastructure.
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