The Nigerian National Petroleum Company Limited has announced a profit after tax of N5.76 trillion for the 2025 financial year, marking one of the strongest earnings performances in the company’s recent history.
The figure, equivalent to 4.26 billion dollars, was disclosed in the company’s latest operational and financial report, which detailed performance across its upstream, downstream and gas operations. The report shows that total revenue for the year rose to N60.517 trillion, reflecting sustained activity in Nigeria’s oil and gas sector.
According to the breakdown, statutory payments to government agencies and joint venture partners amounted to N14.706 trillion within the same period, underscoring the company’s significant fiscal contribution to the federation.
NNPC reported that Nigeria’s average crude oil and condensate production stood at 1.62 million barrels per day in 2025. Production levels dipped slightly in December due to scheduled maintenance and unforeseen outages, with output averaging 1.54 million barrels per day during the month.
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Despite the marginal decline in December production, revenue for the month remained strong at N4.824 trillion. The company also recorded stable performance in the gas segment, with natural gas supply in December averaging more than 6.914 billion standard cubic feet per day.
In the downstream sector, NNPC pointed to improved product availability. Nigerian Refining Limited stations recorded 65 percent availability of Premium Motor Spirit, commonly known as petrol, in December, reflecting progress compared to earlier months.
The company further highlighted the performance of upstream infrastructure, noting that pipeline systems achieved 100 percent availability during the period under review. Industry observers say sustained infrastructure reliability and improved operational efficiency played a role in the company’s profit growth.
The announcement comes at a time when stakeholders are closely watching reforms in Nigeria’s oil and gas industry, including efforts to boost crude production, strengthen refining capacity and enhance revenue generation for national development.
