WorldStage– Aradel Holdings Plc, a leading Nigerian independent energy company engaged in the exploration, production, and refining of oil and gas resources has released its unaudited consolidated and separate financial statements for the six months ended 30 June 2026, showing 30.5% increase in profit after tax to ₦191.04 billion (from ₦146.39 billion) in 2025
The financial statements of the group which is listed on the Nigerian Exchange Group (NGX) were certified by Chief Executive Officer Adegbite Falade and Chief Financial Officer Adegbola Adesina on 29 July 2026.
Key group financial highlights for the Half-Year (January–June 2026 vs 2025) include revenue ₦2.49 trillion (up sharply from ₦368.08 billion), gross profit ₦1.44 trillion (from ₦163.16 billion), operating profit ₦1.06 trillion (from ₦118.62 billion), profit before tax ₦752.71 billion (from ₦191.31 billion), profit attributable to equity holders ₦153.66 billion (from ₦144.53 billion), and basic & diluted earnings per share ₦35.37 (from ₦33.26).
Key group financial highlights for Second Quarter (April–June 2026 vs 2025) include revenue ₦1.76 trillion (from ₦168.21 billion), gross profit ₦1.18 trillion (from ₦77.81 billion), operating profit: ₦677.79 billion (from ₦55.06 billion), and basic EPS: ₦20.13 (from ₦25.49)
Statement of financial position as at 30 June 2026 put total assets at approximately ₦10.88 trillion and total Shareholders’ Equity at approximately ₦2.17 trillion.
The Group’s operations cover crude oil, gas, refinery, and investment properties. Revenue is derived from both domestic and export markets. The functional currency is the US Dollar, with presentation in Naira.
The financial statements were certified by Chief Executive Officer Adegbite Falade and Chief Financial Officer Adegbola Adesina on 29 July 2026.Aradel Holdings Plc is a leading Nigerian independent energy company engaged in the exploration, production, and refining of oil and gas resources. It is listed on the Nigerian Exchange Group (NGX).Source: Aradel Holdings Plc Unaudited Consolidated and Separate Financial Statements for the period ended 30 June 2026, filed with the Nigerian Exchange Group.
Aradel Holdings Plc shareholding Structure / Free Float Status as at 30 June 2026 had Issued Share Capital 4,344,844,360 ordinary shares (100%)
Aradel Holdings Plc with a free float percentage of 75.78% and free float value of approximately ₦4.67 trillion as at 30 June 2026 is compliant with the Nigerian Exchange Group’s free float requirements for companies listed on the Main Board.
The company has a relatively high free float (over 75%), with no single shareholder holding a controlling stake above 15%. The three substantial shareholders together control about 23% of the issued shares.
Substantial Shareholdings (5% and above)
| Shareholder | Units | Percentage |
| CardinalStone / Cape IV Limited | 532,693,719 | ≈ 12.26% |
| Petrolin Ocean Limited | 240,002,980 | ≈ 5.52% |
| Adeola Fola / Badagry Creek Free Zone Enterprise | 231,687,707 | ≈ 5.33% |
| Total Substantial Shareholdings | 1,004,384,406 | ≈ 23.12% |
Directors’ Shareholdings(Direct and indirect, excluding directors with substantial interests)
Notable holdings include: Adegbite Falade Adegbola Adesina, Afolabi Oladele, Osten Olorunsola, Olugbenga Adetoro, Patricia Simon-Hart, Kerin Jayne Gunter, Olusola Adeeyo (Direct & Indirect), George Osahon, Mahmud Tukur, Nnoli Akpedeye.
Total Directors’ Shareholdings: 47,876,073 units (1.10%)
Free Float
- Free Float Units: 3,292,583,881
- Free Float Percentage: 75.78%
Free Float Value: ₦4,667,237,651,317.50
