NNPC profit after tax rises 33% to N7.2tn despite revenue decline

Abdullateef Fowewe

NNPC Limited recorded a Profit After Tax of ₦7.2 trillion for the financial year ended 31 December 2025, a 33% year-on-year increase.

This was announced in a statement shared on Tuesday by the Group Chief Executive Officer Bashir Ojulari.

Revenue stood at ₦34.5 trillion, down 24% from the previous year.

The decline was attributed to lower crude oil prices and reduced volumes of white products following the removal of NNPC’s bulk-breaking role after petrol price deregulation in October 2024.

Despite the softer top line, the company reported improved operational performance.

Earnings per share rose 32% to ₦35.90. EBITDA increased 22% to ₦18.0 trillion, while operating cash flow grew 16% to ₦12.8 trillion.

Ojulari said 2025 tested the resilience of the entire energy sector, but NNPC Limited responded with focus, discipline and delivery.

He noted that remittances to government continued to rise, describing the results as a demonstration of the value the company creates for the nation.

The GCEO emphasised that beyond the financial figures, NNPC is focused on converting Nigeria’s hydrocarbon wealth into electricity, industry, jobs and fiscal stability as it builds a stronger energy future.

The audited results cover the year ended 31 December 2025 and were released via an official statement and accompanying financial highlights graphic shared by the GCEO.