Aradel Holdings

ARADEL HOLDINGS PLC Q3 Result – Record Profit Surge Driven by Strong Upstream and Refining Output Despite Cost Pressures

WA

Wane_Investment_House

Wane_Investment_House

Invested

Community Contributor

Published

26 Jan 25

Updated

03 Dec 25

Views

524

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Wane_Investment_House's Fair Value

n/a

1Y

13.3%

7D

-0.01%

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1Y

13.3%

7D

-0.01%

You can edit this narrative until Dec 4 6:20 AM. Then, changes will post as Updates.

Author's Valuation

₦7509.3% undervalued

Wane_Investment_House's Fair Value

Shared on 03 Dec 25

Aradel Holdings Plc – Bullish Case Strengthened by Integrated Growth, Expanding Revenue Base, and Strategic Investments

Aradel Holdings Plc continues to demonstrate why it remains one of Nigeria’s strongest long-term energy investment opportunities. The Group’s diversified revenue streams , disciplined capital deployment , and strategic expansion into upstream, midstream, downstream, and energy infrastructure reflect a resilient business model capable of delivering sustainable value creation.

Shared on 09 Nov 25

Aradel Holdings Plc – Resilient integrated model underpins record crude, gas, and refined product output

Author: Adebara Qudus (Founder of Wane Investment House) Aradel Holdings Plc delivered a solid performance in the nine months ended 30 September 2025, reaffirming its resilience and operational depth across the upstream, midstream, and downstream segments. The company achieved a 122% year-on-year growth in Profit After Tax to ₦245.1 billion (9M 2024: ₦110.6 billion), driven by higher production volumes and effective cost discipline.

Shared on 02 Nov 25

Fair value Increased 7.14%

ARADEL HOLDINGS PLC – Robust 9M 2025 Performance as Earnings and Shareholder Returns Strengthen; Interim Dividend Raised to ₦10.00 Aradel Holdings Plc delivered another strong operational and financial performance in 9M 2025, demonstrating resilience across its integrated energy portfolio and reinforcing shareholder value creation through a higher interim dividend. The Group sustained stable production growth across crude oil, gas, and refined products, supported by enhanced infrastructure reliability, improved operational efficiency, and increased contributions from associate companies.

Shared on 25 Oct 25

Fair value Increased 17%

Aradel Holdings Plc – Strategic Acquisition Update (Aradel Energy to Increase Stake in ND Western to 81.67%) Transaction Overview Aradel Holdings Plc (“Aradel” or “the Company”) has announced that its wholly owned subsidiary, Aradel Energy Limited , has entered into a definitive agreement to acquire an additional 40% equity interest in ND Western Limited (NDW) from Petrolin Trading Ltd. Existing stake: 41.67% Additional stake: 40.00% Post-acquisition stake: 81.67% This transaction, once completed, will make Aradel Energy the controlling shareholder of ND Western Limited — significantly strengthening its upstream portfolio and earnings capacity.

Shared on 24 Sep 25

Aradel Holdings Plc Bullish Cases Beyond Financial Analysis - Diversified Energy Company Key Highlight - Solid and Diversified Revenue Base Aradel reported in Q2 2025 revenue, essentially flat YoY from ₦167.1 billion, but with notable shifts in composition: ₦90.6 billion in Q2 2025 (down from ₦127.0 billion in Q2 2024), still the largest contributor at . Significant surge to ₦63.1 billion (from just ₦3.5 billion in Q2 2024) as refining operations gained traction.

Shared on 05 Aug 25

Aradel Holdings Plc: Earnings Strength Masked by Margin Squeeze Aradel Holdings Plc delivered a robust H1 2025, with revenue rising 37.2% YoY to ₦368.1 billion and profit after tax (PAT) surging 40.2% YoY to ₦146.4 billion. The growth was fueled by increased crude, refined products and gas volumes, alongside a substantial one-off boost from associates (₦71.3 billion share of profits).

Shared on 31 Jul 25

WaneInvestmentHouse made no meaningful changes to valuation assumptions.

Shared on 18 Jun 25

Subject: Aradel Holdings Plc Faces Mixed Outlook Amid Earnings Pressure and Oil Price Volatility Aradel Holdings Plc has seen its market value slump to ₦2.389 trillion , reflecting waning investor sentiment as its share price continues to trade at a steep discount to its 52-week high. Despite a solid operational start in 2025, the oil company is now navigating a complex mix of margin pressures, macroeconomic risks, and weakened oil price outlook that have prompted analysts to trim forecasts.

Shared on 12 Mar 25

Fair value Increased 0.03%

WaneInvestmentHouse has increased revenue growth from 6.9% to 25.0%, decreased profit margin from 55.0% to 40.4%, decreased future PE multiple from 20.9x to 9.3x and decreased discount rate from 27.9% to 3.0%.

Shared on 06 Mar 25

Fair value Decreased 0.0033%

WaneInvestmentHouse has decreased revenue growth from 39.8% to 6.9%, increased profit margin from 30.4% to 55.0% and increased future PE multiple from 16.3x to 20.9x.

Shared on 26 Feb 25

Fair value Decreased 9.08%

WaneInvestmentHouse made no meaningful changes to valuation assumptions.

Shared on 28 Jan 25

Fair value Decreased 0.0076%

WaneInvestmentHouse made no meaningful changes to valuation assumptions.

Wane_Investment_House'sFair Value

₦750

9.3% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

0.00%

Oil and Gas revenue growth rate

0.92%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

25.87%

Calculation

₦383.09b

Earnings '28

x

9.30x

PE Ratio '28

=

₦3.56t

Market Cap '28

₦3.56t

Market Cap '28

/

4.35b

No. shares '28

=

₦819.65

Share Price '28

₦819.65 Share Price '28

Discounted to 2025 @ 3.00% p.a.

=

₦750.10

Fair Value '25