February 13, (THEWILL) — Nigeria’s state-owned oil company, the Nigerian National Petroleum Company Ltd (NNPC Ltd), reported a profit after tax of 5.76 trillion naira ($4.26 billion) for the full year 2025, underlining strong financial performance amid ongoing volatility in output and energy markets.
The company said total revenue for the year hit 60.517 trillion naira, with statutory payments to government agencies and partners of 14.706 trillion naira, reflecting its central role in generating fiscal receipts for the Nigerian government.
NNPC recorded an average crude and condensate output of about 1.62 million barrels per day in 2025, though production dipped to around 1.54 million bpd in December, affected by both planned maintenance and unplanned outages at key facilities.
Natural gas supply in the final month averaged more than 6.9 billion standard cubic feet per day, indicating resilience in the gas segment despite the end-of-year challenges.
Downstream operations saw improvements, with Nigerian Refining Limited retail stations achieving approximately 65 % petrol availability in December, up from earlier months, while upstream pipelines sustained 100 % availability, according to the company’s report.
Infrastructure projects critical to Nigeria’s energy strategy also made progress. NNPC confirmed completion of mainline welding on the Ajaokuta-Kaduna-Kano (AKK) gas pipeline and advancement of drilling works on the Obiafu-Obrikom-Oben (OB3) gas pipeline, both aimed at expanding domestic gas transmission capacity.
The 2025 results build on a strong performance in 2024, when NNPC reported a profit after tax of 5.4 trillion naira on revenue of 45.1 trillion naira under a commercially driven operating model.
Analysts say the 2025 earnings highlight NNPC’s contribution to government revenue and its progress on operational metrics, even as output variability and maintenance cycles continue to shape quarterly and monthly earnings outcomes.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
