General News
NNPC Posts ₦7.2trn Profit, Declares ₦5.8trn Dividend
The Nigerian National Petroleum Company Limited (NNPC Ltd) has declared a dividend of ₦5.8 trillion for the 2025 financial year after recording a ₦7.2 trillion profit after tax, representing a 33 per cent increase from the ₦5.4 trillion recorded in 2024.
The company disclosed this on Tuesday while announcing its audited financial results for the year ended December 31, 2025, following its Annual General Meeting and second Earnings Call with financial and business analysts.
Despite a 24 per cent decline in revenue to ₦34.5 trillion, largely attributed to lower crude oil prices and reduced white-product volumes following market deregulation in 2024, NNPC said its stronger earnings reflected the resilience of its operations and improved financial performance.
Other key financial indicators also recorded growth, with EBITDA rising 22 per cent to ₦18 trillion, Earnings Per Share increasing 32 per cent to ₦35.9, while operating cash flow climbed 16 per cent to ₦12.8 trillion.
Return on Equity also improved by 200 basis points to 16 per cent, while the declared dividend rose by 35 per cent compared with the previous year.
On operations, NNPC said crude oil and condensate production averaged 1.77 million barrels per day, the company’s highest level in five years.
Natural gas production also averaged 7.2 billion standard cubic feet per day, representing a three-year high.
Total oil and condensate production stood at 565.8 million barrels, an increase of five per cent, while NNPC’s equity share rose 11 per cent to 223.7 million barrels.
Similarly, natural gas production increased by nine per cent to 2,606.2 billion standard cubic feet, with the company’s equity share rising 11 per cent to 1,154.9 billion standard cubic feet.
The company said it also recorded progress on major infrastructure projects, including the completion of the AKK River Niger crossing and the full completion of the 40-inch, 623-kilometre Ajaokuta-Kaduna-Kano (AKK) mainline.
NNPC also commissioned the ANOH-OB3 Custody Transfer Metering Station and advanced the 300 million standard cubic feet per day ANOH Gas Processing Plant to start-up readiness.
The company disclosed that it acquired 500 CNG-powered trucks and adopted a Technical Equity Partnership Model as part of efforts to reform its refinery operations.
On human capital development, NNPC said its talent-to-value transformation programme continued to strengthen the workforce required to deliver its commercial priorities.
The company employed 1,023 full-time employees in 2025, including more than 1,000 graduates recently deployed after undergoing a rigorous one-year internship and training programme.
It added that women now occupy 23 per cent of leadership positions, compared with an industry average of 17 per cent.
According to the company, its Talent-to-Value and Fit-for-Future strategies are combining experienced personnel with emerging talent while expanding digital and international exposure and strengthening capabilities needed for sustained growth.
Commenting on the performance, Group Chief Executive Officer of NNPC Ltd, Engr. Bashir Bayo Ojulari, said the results demonstrated the impact of disciplined execution and a capable workforce.
“Our 2025 performance shows what disciplined execution and a capable workforce can deliver.
We are strengthening earnings, growing production and investing in the people and assets that will sustain value for our shareholders, communities and the Nigerian people,” Ojulari said.
6,028 Cataract Surgeries Completed
On sustainability and social impact, NNPC said it completed 6,028 cataract surgeries, planted 80,000 trees, developed its Net Zero 2050 strategy, and maintained reporting under the Oil and Gas Methane Partnership, Oil and Gas Decarbonization Charter and United Nations Global Compact frameworks.
Looking ahead, the company said it is targeting crude oil production of 2 million barrels per day by 2027 and 3 million barrels per day by 2030, while aiming to increase natural gas production to 12 billion standard cubic feet per day by 2030.
NNPC said it also plans to mobilise $60 billion in upstream, midstream and downstream investments by 2030, alongside the completion of major gas infrastructure projects, including AKK, ELPS and OB3.
NNPC Ltd became a fully commercial, profit-driven company in July 2022 under the Petroleum Industry Act 2021 and operates across exploration, production, refining and distribution.
The company’s 2025 Audited Financial Statements are available on its official website.