Aradel Holdings Past Earnings Performance
Past criteria checks 3/6
Aradel Holdings has been growing earnings at an average annual rate of 67.9%, while the Oil and Gas industry saw earnings growing at 8.3% annually. Revenues have been growing at an average rate of 59.4% per year. Aradel Holdings's return on equity is 11.5%, and it has net margins of 57.1%.
Key information
67.86%
Earnings growth rate
67.86%
EPS growth rate
| Oil and Gas Industry Growth | 38.53% |
| Revenue growth rate | 59.44% |
| Return on equity | 11.54% |
| Net Margin | 57.07% |
| Last Earnings Update | 31 Dec 2025 |
Recent past performance updates
Recent updates
ARADEL HOLDINGS PLC Q3 Result – Record Profit Surge Driven by Strong Upstream and Refining Output Despite Cost Pressures
Analyst: Qudus Adebara Executive Summary Aradel Holdings Plc delivered a landmark performance for the nine months ended September 30, 2025, posting exceptional earnings growth underpinned by significant expansion in crude oil, natural gas, and refined products output. Despite a challenging oil price environment and elevated cost pressures, the Group demonstrated operational resilience and disciplined execution across its fully integrated energy value chain.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.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.ARADEL HOLDINGS PLC Q3 Result – Record Profit Surge Driven by Strong Upstream and Refining Output Despite Cost Pressures
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.Aradel Holdings Plc H1/Q2 Result - Solid Half-Year Performance Despite Cost Pressures
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.Aradel Holdings Plc H1/Q2 Result - Solid Half-Year Performance Despite Cost Pressures
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.Aradel Holdings Plc H1/Q2 Result - Solid Half-Year Performance Despite Cost Pressures
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).Revenue & Expenses Breakdown
How Aradel Holdings makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 25 | 697,301 | 397,934 | 227,324 | 0 |
| 30 Sep 25 | 742,381 | 390,363 | 101,187 | 0 |
| 30 Jun 25 | 680,914 | 298,270 | 84,229 | 0 |
| 31 Mar 25 | 679,854 | 269,480 | 60,701 | 0 |
| 31 Dec 24 | 581,151 | 257,871 | 53,728 | 0 |
| 30 Sep 24 | 475,674 | 144,374 | 26,520 | 0 |
| 30 Jun 24 | 414,962 | 144,520 | 26,157 | 0 |
| 31 Mar 24 | 303,651 | 68,152 | 20,648 | 0 |
| 31 Dec 23 | 221,142 | 52,747 | 19,270 | 0 |
| 30 Sep 23 | 152,838 | 26,808 | 12,330 | 0 |
| 30 Jun 23 | 117,145 | 22,213 | 10,490 | 0 |
| 31 Mar 23 | 76,072 | 21,488 | 9,850 | 0 |
| 31 Dec 22 | 66,109 | 14,339 | 9,839 | 0 |
| 30 Sep 22 | 41,374 | 19,979 | 1,851 | 0 |
| 30 Jun 22 | 40,352 | 19,051 | 3,653 | 0 |
| 31 Mar 22 | 42,924 | 21,619 | 5,098 | 0 |
| 31 Dec 21 | 51,568 | 29,464 | 6,584 | 0 |
| 31 Dec 20 | 32,529 | 16,808 | 5,405 | 0 |
| 31 Dec 19 | 45,959 | 19,498 | 3,970 | 0 |
| 31 Dec 18 | 39,052 | 37,424 | 6,515 | 0 |
| 31 Dec 17 | 33,784 | 24,498 | 3,863 | 0 |
| 31 Dec 16 | 17,817 | 8,183 | 2,436 | 0 |
| 31 Dec 15 | 17,056 | 2,112 | 2,592 | 0 |
Quality Earnings: ARADEL has a large one-off gain of NGN201.1B impacting its last 12 months of financial results to 31st December, 2025.
Growing Profit Margin: ARADEL's current net profit margins (57.1%) are higher than last year (44.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ARADEL's earnings have grown significantly by 67.9% per year over the past 5 years.
Accelerating Growth: ARADEL's earnings growth over the past year (54.3%) is below its 5-year average (67.9% per year).
Earnings vs Industry: ARADEL earnings growth over the past year (54.3%) exceeded the Oil and Gas industry 5.7%.
Return on Equity
High ROE: ARADEL's Return on Equity (11.5%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/19 16:31 |
| End of Day Share Price | 2026/05/19 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
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Industry and Sector Metrics
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Analyst Sources
Aradel Holdings Plc is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ARM Research |