The Nigerian National Petroleum Company Limited reported an after-tax profit of ₦5.760 trillion, equivalent to $4.26 billion, for the 2025 financial year.
NNPCL disclosed the figures in its latest operational and financial update, detailing performance across upstream, downstream and gas operations.
The report said total revenue for the year stood at ₦60.517 trillion. Statutory payments made to government agencies and joint venture partners amounted to ₦14.706 trillion within the same period.
The company stated that Nigeria recorded an average crude oil and condensate production of 1.62 million barrels per day (bpd) in 2025.
But production in December declined slightly compared to earlier months due to scheduled maintenance activities and some unplanned outages.
In December alone, oil and condensate output averaged 1.54 million bpd, while revenue for the month reached ₦4.824 trillion.
NNPCL also reported steady performance in the gas sector. Natural gas supply in December averaged more than 6.914 billion standard cubic feet per day.
It noted in the downstream segment improvements in product availability. It said Nigerian Refining Limited stations achieved 65 per cent availability of Premium Motor Spirit (PMS), commonly known as petrol, in December, representing an increase from previous periods.
Upstream infrastructure performance was also highlighted, with pipeline systems recording 100 per cent availability during the month under review.
On gas infrastructure development, NNPCL reported progress on key projects, saying mainline welding on the Ajaokuta–Kaduna–Kano (AKK) gas pipeline was completed in December, while pilot hole drilling activities advanced on the Obiafu–Obrikom gas pipeline project.
It added that the financial and operational figures released remain provisional, pending final reconciliation with relevant stakeholders.
