JUST IN: NNPC’s 2025 Profit Rises 33% to N7.2trn in 2025 Despite Revenue Decline
The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported a profit after tax of N7.2 trillion for the 2025 financial year, up 33 per cent from N5.4 trillion in 2024, even as revenue fell. The group chief…
The headline figures point to a notable divergence: NNPC's revenue fell 24% to N34.5 trillion in 2025, yet profit after tax climbed 33% to N7.2 trillion from N5.4 trillion the previous year. That combination — shrinking top-line revenue alongside a sharply higher bottom line — is the central puzzle in this set of reports, though the coverage given does not explain what drove costs down or margins up to produce that outcome.
Beyond the profit and revenue numbers, Vanguard's reporting adds two additional data points not found elsewhere in this cluster: NNPC remitted N22.3 trillion to government in the period, and supplied 278.2 million barrels to refineries, giving some sense of the company's scale of government transfers and domestic supply activity alongside its earnings.