NNPC’s Profit Jumps 33.3% to N7.2 Trillion in 2025

NNPC Limited has announced a profit after tax of N7.2 trillion for 2025. This is a 33.3 percent rise from N5.4 trillion in 2024, even with lower revenue due to falling oil prices and less sales of petroleum products.

This information came from NNPC’s Group Chief Executive Officer, Bayo Ojulari. He spoke to journalists on Tuesday at the NNPC towers in Abuja.

Ojulari shared that the state-owned oil company also recorded revenue of N34.5 trillion and earnings per share of N359 in the 2025 financial year. He added that taxes, royalties, and other payments to the government increased by 39 percent to N22.33 trillion.

“The headline result is clear: profit after tax grew by 39 percent, from N5.4 trillion in 2024 to N7.2 trillion in 2025,” he said.

Mr Ojulari explained that the profit growth came from better operational efficiency and financial discipline across the company. This helped reduce the impact of lower oil prices and fewer product sales after the petroleum market was deregulated during the year.

“Our ambition depends as much on people as it does on oil wells and pipelines,” the NNPC boss pointed out.

He announced that the company’s audited financial results for 2025 are out. The performance shows ongoing efforts to improve operations, manage assets better, and increase production.

Ojulari noted that crude oil and condensate production hit a five-year high of 1.77 million barrels per day. Domestic gas supply also rose to a three-year high of 7.2 billion standard cubic feet per day.

“These results did not happen by chance. They were delivered by our workforce, which remains our most important asset,” he said.

The company stated that this improved performance has boosted its ability to invest in operations and support Nigeria’s energy security while contributing to government revenue.

However, they recognized that these strong financial results have raised expectations for better performance in the coming years. This will need more investment in infrastructure, workforce development, and operational capabilities.

The management said their growth plan will focus on increasing production, expanding gas monetization, and strengthening downstream businesses. They also plan to invest in people and assets to create long-term value for shareholders and Nigerians.

As part of this plan, NNPC said their Talent to Value program aims to improve workforce capacity by mixing experienced personnel with new talent. They will also invest in digital capabilities, artificial intelligence, and international best practices.

Mr Ojulari revealed that over 1,000 new professionals joined the company in 2025. They completed a one-year internship and training program before starting work in different operations.

The company also mentioned progress in gender representation. Women now hold over 23 percent of its leadership roles, compared to the industry average of 17 percent.

It stated that ongoing investment in workforce skills, operational efficiency, and reliable infrastructure will be key to maintaining production growth, improving financial results, and achieving long-term business goals.