By: Thinkbusiness Africa
Nigerian state-owned oil company, has concluded its 2025 financial year with a historic performance, reporting a Profit After Tax (PAT) of N5.76 trillion. This marks a significant milestone in the company’s post-PIA (Petroleum Industry Act) transition, alongside a total remittance of N14.706 trillion to the Federal Government.
The data, captured in the Nigerian National Petroleum Company (NNPC) year-end performance summary, underscores a period of aggressive operational recovery and strategic fiscal discipline despite fluctuations in global oil prices and domestic production challenges.
The company’s 2025 fiscal performance represents a substantial leap in both revenue generation and profitability. NNPC Limited generated a gross revenue of N60.51 trillion, which reflects an approximate 34% increase from the N45.1 trillion recorded in the 2024 financial year.
This growth trickled down to the bottom line, with the company posting a Profit After Tax (PAT) of N5.76 trillion. This profit figure is a 6.6% improvement over the previous year’s N5.4 trillion, signaling a period of sustained financial resilience despite the volatile nature of global energy markets.
A critical highlight of the year was the company’s contribution to national development through statutory remittances. NNPC Limited remitted a record-breaking N14.706 trillion to the Federation Account, reinforcing its position as the primary engine for Nigeria’s fiscal liquidity.
Operationally, the year was characterized by fluctuating output levels, with crude and condensate production averaging between 1.54 and 1.70 million barrels per day (mmbpd).
As part of its 2030 Roadmap, NNPC Limited is targeting a $60 billion investment pipeline. The goal is to ramp up production to 2 million bpd by 2027 and 3 million bpd by 2030.
