Nigeria’s state-owned energy giant, the Nigerian National Petroleum Company (NNPC), has reported an after-tax profit of US$4.26 billion for the 2025 financial year, underscoring strong earnings performance in Africa’s largest oil-producing economy.
According to figures released by the company, total revenue for the year reached approximately US$44.8 billion, while statutory payments to government agencies and partners amounted to about US$10.9 billion.
NNPC recorded an average crude oil and condensate production of 1.62 million barrels per day over the period, reaffirming its central role in Nigeria’s energy sector. Although the company did not disclose comparative figures for 2024, it acknowledged that December production dipped to an average of 1.54 million barrels per day.
The December decline was attributed to scheduled maintenance activities and several unplanned outages. Despite the production slowdown, revenue for the final month of the year stood at roughly US$3.57 billion.
Natural gas operations remained strong, with daily supply in December averaging more than 6.91 billion standard cubic feet. Downstream performance also improved, as Nigerian Refining Limited stations achieved 65 percent petrol availability, a marked increase compared with previous months.
In the upstream segment, pipeline infrastructure reported full operational availability. NNPC highlighted progress on key gas infrastructure projects, including the completion of mainline welding on the Ajaokuta-Kaduna-Kano (AKK) pipeline and continued advancement of pilot-hole drilling on the Obiafu-Obrikom gas pipeline.
The company emphasised that the figures remain provisional pending final reconciliation with relevant stakeholders.
Energy analysts say the results reflect resilience in Nigeria’s oil and gas sector despite global price volatility, infrastructure challenges and shifting energy market dynamics. Market participants will be closely monitoring how NNPC sustains profitability and production growth in the year ahead.
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