Aradel to Acquire Additional 40% Interest in ND Western Limited

Aradel Holdings Plc 9-month 2025 financial results shows a 43% increase in revenue to ₦538.8 billion, and a declared interim dividend of ₦10 per share. The company is also making news for an agreement to acquire an additional 40% stake in ND Western Limited, and for its ongoing focus on operational growth and shareholder value.

Financial and business performance

• Strong 9-month 2025 results: Aradel reported a 43% increase in revenue to ₦538.8 billion and a 122% increase in profit after tax to ₦245.1 billion for the nine months ending September 30, 2025.
• Interim dividend: The company declared an interim dividend of ₦10 per share, an increase of 25% from the ₦8 dividend paid in 2024.
• Increased output: Performance was driven by a significant increase in production, including a 25% rise in crude oil output and a 41% increase in gas production.
• Asset growth: Total assets grew to ₦1.96 trillion from ₦1.75 trillion at the end of 2024.

Corporate actions and strategy

• ND Western acquisition: Aradel entered into an agreement to acquire an additional 40% equity interest in ND Western Limited.
• Focus on shareholder value: The company continues to emphasize its commitment to delivering shareholder value through strong performance and strategic growth.

Operational efficiency: The results reflect improved operational efficiency, higher output, and increased refined product sales.