Oil and gas company Aradel Holdings Plc has reported a pretax profit of N124.1 billion for the second quarter of 2025, according to its latest financial statement filed with the Nigerian Exchange (NGX).
This marks a modest 1.10% increase from the N122.7 billion earned in Q2 2024, bringing half-year pretax profit to N191.3 billion, a notable 17.89% rise year-on-year.
Revenue for Q2 edged up slightly by 0.63% to N168.2 billion, while H1 revenue surged to N368 billion, reflecting a 37.18% increase over the same period last year.