NNPC posts N7.2trn profit despite revenue decline

Vanguard News | 29-09-2026 05:06pm |

The Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a profit after tax of N7.2 trillion in 2025, a 33 per cent increase from N5.4 trillion in 2024. However, revenue declined by 23.4 per cent from N45.075 trillion to N34.516 trillion. The company remitted N22.3 trillion to the Federal Government, a 39 per cent rise, and reported earnings per share of N35.9. NNPC attributed the profit increase to improved operational efficiency and cost discipline, while the revenue drop was linked to lower crude oil prices and reduced white-product volumes after market deregulation.

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