NNPC posts 6.67% profit rise to N5.76tn in 2025 as gas output and pipeline reliability improve

The Nigerian National Petroleum Company Limited (NNPC Ltd.) recorded a Profit After Tax (PAT) of N5.76 trillion for the 2025 financial year, representing a 6.67 per cent increase from ₦5.4 trillion reported in 2024.

In its December 2025 Monthly Report Summary, NNPC Ltd. highlighted key performance indicators including N60.5 trillion in revenue, crude oil and condensate production, natural gas output, profitability and strategic initiatives undertaken during the period under review.

The report showed that crude oil production remained relatively moderate, with pipeline maintenance activities disrupting some operations during the year.

Average crude oil and condensate production stood at 1.54 million barrels per day (mbpd), reflecting steady output despite ongoing infrastructure upgrades and security challenges across producing regions.

Gas production reached 6,914 million standard cubic feet per day (mmscfd) in December. Monthly figures showed output peaking above 7,500 mmscfd mid-year before tapering slightly towards the end of the year.

Gas sales also remained steady, averaging over 4,700 mmscfd, underscoring NNPC’s strategic focus on gas as Nigeria’s transition fuel and a key revenue stabiliser.

The report noted that profitability dipped in some months, with marginal losses recorded early in the year before rebounding strongly between March and June, while operational reliability indicators improved considerably.

Upstream pipeline availability figures showed the Obiafu-Obrikom-Oben (OB3) Gas Pipeline recording 100 per cent availability, the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline 91 per cent, while NNPC Retail and station availability stood at 65 per cent.

The data revealed significant gains in network stability and product distribution efficiency, particularly in the second half of the year.

Planned maintenance and upgrade works at Stardeep-Agbami and Renaissance-Estuary Area (EA), alongside unplanned production facility outages, affected December production performance.

NNPC also reported the successful completion of key engineering works, including river crossings and mainline welding operations at the AKK mainline.

The company said it completed the OB3 River Niger crossing and all early works, and commenced pilot hole drilling, noting that the project remains on course for completion as scheduled.