Aradel Holdings Plc (NGX:ARADEL)

Revenue by Segment

Financials in millions NGN. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Investment Properties	121.37M	118.37M	51.67M	95.24M	-
Investment Properties Growth	2.53%	129.08%	-45.74%	-	-
Eliminations	-210.48B	-168.83B	-77.69B	-25.81B	-
Crude Oil	558.74B	482.71B	170.30B	33.42B	35.58B
Crude Oil Growth	15.75%	183.45%	409.62%	-6.08%	34.59%
Refined Products	218.22B	187.66B	102.50B	47.20B	-
Refined Products Growth	16.28%	83.09%	117.17%	-	-
Gas	130.69B	79.49B	25.99B	11.21B	5.33B
Gas Growth	64.42%	205.89%	131.86%	110.16%	157.86%
Diesel	-	-	-	-	3.94B
Diesel Growth	-	-	-	-	33.07%
Heavy Fuel Oil (HFO)	-	-	-	-	1.06B
Heavy Fuel Oil (HFO) Growth	-	-	-	-	275.65%
NAPTHA	-	-	-	-	585.09M
NAPTHA Growth	-	-	-	-	71.25%
Dual Purpose Kerosene (DPK)	-	-	-	-	3.14B
Dual Purpose Kerosene (DPK) Growth	-	-	-	-	610.37%
Marine Diesel Oil (MDO)	-	-	-	-	1.93B
Total	697.30B	581.15B	221.14B	66.11B	51.57B
Total Growth	19.99%	162.80%	234.51%	28.20%	58.53%

Revenue by Geography

Financials in millions NGN. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Nigeria	257.21B	207.49B	112.71B	52.43B	51.57B
Nigeria Growth	23.96%	84.09%	114.99%	1.66%	58.53%
outside Nigeria	440.09B	373.66B	108.43B	13.68B	-
outside Nigeria Growth	17.78%	244.60%	692.42%	-	-
Total	697.30B	581.15B	221.14B	66.11B	51.57B
Total Growth	19.99%	162.80%	234.51%	28.20%	58.53%

Source: S&P Global Market Intelligence.