Energy Nigerian Community

Japaul Group has delivered a robust performance in Q1 2025, showcasing signs of operational efficiency and improved topline momentum. The company’s unaudited financial results for the period ended March 31, 2025 , revealed a 131% year-on-year increase in turnover , with substantial growth in gross and net earnings.

The most recent financial results underscore a challenging period marked by steep earnings pressure , even as the company maintained a strong capital position and modest balance sheet growth. While retained earnings and shareholders’ funds improved , the core profitability metrics deteriorated significantly, highlighting the urgent need for margin recovery.

Oando PLC delivered a surprising profit after tax of ₦113.1 billion in the first quarter of 2025, nearly doubling its Q1 2024 earnings of ₦59.3 billion, despite recording an operating loss of ₦120.3 billion. The performance was primarily supported by a significant tax credit of ₦165.6 billion and a sharp turnaround in net finance income , which helped cushion the impact of an unexpected operational setback.

Aradel Holdings Plc has delivered a solid first quarter for 2025, reporting ₦199.9 billion in revenue , nearly doubling last year’s figure with a +97.6% year-on-year growth , driven primarily by increased crude production volumes from new well activity and extended testing at the Omerelu Field. Key Highlights (Q1 2025 vs Q1 2024): Revenue: ₦199.9 billion ▲ +97.6% YoY Profit After Tax: ₦34.2 billion ▲ +55.3% YoY Final Dividend Declared: ₦22/share (Total 2024 dividend: ₦30/share, up 200% from ₦10/share in 2023) Production Upside Drives Performance The stellar topline performance reflects momentum from expanded crude output , which offset temporary gas pipeline disruptions earlier in the quarter.

Seplat Energy PLC has kicked off 2025 with a blockbuster first quarter, posting ₦1.228 trillion in revenue , a nearly 350% year-on-year surge from ₦268.6 billion in Q1 2024. This extraordinary performance marks the company’s most robust quarter on record, underscoring the strength of its operational execution, the impact of its offshore asset integration, and firming oil and gas fundamentals.

Caverton Offshore Support Group Plc has staged a sharp earnings reversal in Q1 2025, posting a profit after tax of ₦1.64 billion , compared to a loss of ₦1.81 billion in the same period last year. This marks a major turnaround for the company, which reported a ₦50.53 billion loss for FY 2024.

MRS Oil Nigeria Plc has projected a profit after tax of N2.93 billion for the second quarter of 2025, despite its impending delisting from the Nigerian Exchange Limited (NGX). The company's financial forecast reveals a mixed outlook, with concerns remaining about its ability to achieve its financial targets following its transition to the NASD Over-the-Counter (OTC) Securities Exchange.