The Nigerian National Petroleum Company Limited (NNPC) has reported an after-tax profit of $4.26 billion for the 2025 financial year, marking a significant financial result for the state-owned energy giant.
In its official financial disclosure released on Wednesday, the company stated that total revenue for the year reached approximately $44.8 billion. A substantial portion of this revenue, about $10.9 billion, was directed as statutory payments to government agencies and joint venture partners. In local currency terms, these figures equate to total revenue of N60.517 trillion and statutory payments of N14.706 trillion.
A key operational metric highlighted was NNPC’s average crude oil and condensate production, which stood at 1.62 million barrels per day (bpd) for the year. This output solidifies the company’s central role in Africa’s largest oil industry. For context, the company noted that its production in December 2025 averaged 1.54 million bpd, a decline it attributed to scheduled maintenance activities and unplanned outages during the month.
The financial performance for the final month of the year was also detailed, with revenue for December reported at approximately $3.57 billion.
While comparative full-year data for 2024 was not provided in the release, the disclosed figures present a picture of robust profitability for the NNPC in 2025. The results underscore the company’s continued contribution to national revenue through its upstream production and statutory remittances, despite occasional operational disruptions that can impact short-term output levels. The profitability signals a strong fiscal position for the corporation as it navigates the complexities of Nigeria’s oil and gas sector.
