Aradel posts report Q1 income as crude oil gross sales surge 

Aradel Holdings Plc has launched its monetary statements for the quarter ended thirty first March 2025, reporting a pre-tax revenue of N67.1 billion.

This displays a 70.08% improve in comparison with N39.4 billion recorded in Q1 2024, supported by stronger crude oil income.

Complete income for the quarter rose to N199.8 billion, up 97.57% from N101.1 billion in Q1 2024.

• Crude oil gross sales accounted for the biggest share of income at N142.1 billion, adopted by refined merchandise at N53.3 billion and gasoline at N4.4 billion.
• When it comes to market distribution, gross sales exterior Nigeria contributed N142.1 billion, whereas home gross sales amounted to N57.7 billion.

Regardless of a steep rise in price of gross sales, which greater than tripled to N120.9 billion, up 214.26%, the group recorded a gross revenue of N78.8 billion, a 25.88% enchancment from the earlier 12 months.

Administrative bills additionally rose sharply, climbing 149.21% to N15.9 billion. Nonetheless, Aradel’s core operational revenue stood sturdy at N63.5 billion, representing a 79.14% year-over-year improve.

• Finance revenue for the quarter reached N4.1 billion, up from N3.2 billion in Q1 2024.
• Nevertheless, finance prices additionally elevated considerably to N5.4 billion, a 62.67% leap year-on-year.

On the stability sheet, Aradel Holdings reported whole belongings of N1.8 trillion, up 4.72% from the prior 12 months.

• Retained earnings additionally grew, rising 8.54% to N428.9 billion.

Key Highlights: 

• Income: N199.8 billion, +97.57% YoY
• Value of Gross sales: N120.9 billion, +214.26% YoY
• Gross Revenue: N78.8 billion, +25.88% YoY
• Normal and Administrative Expense: N15.9 billion, +149.21% YoY
• Working Revenue: N63.5 billion, +79.14% YoY
• Pre-tax Revenue: N67.1 billion, +70.08% YoY
• Complete Belongings: N1.8 trillion, +4.72% YoY
• Retained Earnings: N428.9 billion, +8.54% YoY

As of the buying and selling day ended twenty eighth April 2025, shares of Aradel are priced at N448, with a year-to-date efficiency of -25.08% within the Nigerian inventory market.