The Nigerian National Petroleum Company Limited (NNPC Limited) on Tuesday reported a profit after tax of N7.2 trillion for the 2025 financial year, representing a 33 percent increase from the N5.4 trillion recorded in 2024.
The company’s revenue, however, declined by 23.4 percent from N45.075 trillion in 2024 to N34.516 trillion in 2025.
NNPC Limited also reported earnings per share of N35.9, while its taxes, royalties and other remittances to the Federal Government increased by 39 percent to N22.3 trillion.
The company attributed the increase in profit despite lower revenue to improved operational efficiency and cost discipline.
Speaking on the results, NNPC Limited Group Chief Executive Officer (GCEO), Engr. BayoOjulari, said the decline in revenue was largely due to lower crude oil prices and reduced white-product volumes following market deregulation.
He said the company nonetheless achieved improved operational performance, with crude oil and condensate production reaching a five-year high of 1.77 million barrels per day at its peak in 2025.
Natural gas supply also rose to a three-year high of 7.2 billion standard cubic feet per day, he said.
According to the company, crude oil production for the year stood at 565.8 million barrels, with 278.2 million barrels supplied to domestic refineries.
Gas supply to power plants and commercial customers stood at 473.3 billion standard cubic feet during the year.
