Conoil Plc has reported a profit before tax of N728 million for the third quarter (Q3) ended 30 September 2025, a sharp 85.50% year-on-year decline from N5.02 billion posted during the same period in 2024.
This contributed to a steep 88% year-on-year decline in the nine-month pre-tax profit, which fell to N1.88 billion from N15.24 billion for the same period last year.
According to the unaudited financial results released on November 1, 2025, at the Nigerian Stock Exchange (NGX), revenue also suffered a notable decline.