NNPC reports N7.18trn profit in 2025 despite 23.4% revenue drop

NNPC Ltd announced its 2025 Annual Financial Report, revealing N34.52 trillion in total revenue, of which crude oil contributed N25.39 trillion (about 73.6%). Despite a 23.4% year‑on‑year revenue decline from N45.08 trillion in 2024, profit after tax rose to N7.18 trillion, up from N5.41 trillion the previous year. Crude oil sales fell 13.1% to N25.39 trillion, while natural gas revenue grew 18.3% to N6.15 trillion, becoming NNPC’s second‑largest income stream. Petroleum products revenue plunged 77.6% to N2.17 trillion, and services income dropped 19.2% to N792.33 billion. Sundry income surged 181% to N7.10 trillion, boosting other income to N8.42 trillion and helping lift overall profitability. Operationally, NNPC produced 565.8 million barrels of crude oil and condensate in 2025, averaging 1.77 million barrels per day—the highest five‑year average. The company has set production targets of 2 million barrels per day by 2027 and 3 million by 2030, alongside a goal of 12 billion standard cubic feet of gas per day by 2030 and plans to mobilise about $60 billion in upstream, midstream and downstream investments by decade’s end, including major gas pipeline projects such as Ajaokuta‑Kaduna‑Kano and Escravos‑Lagos.

What does this mean for Nigeria’s energy future and your personal or business decisions in the evolving oil and gas sector?

SOURCE: https://nairametrics.com/2026/10/01/crude-oil-generated-74-of-nnpcs-n34-5-trillion-revenue-in-2025/