Aradel Holdings Plc 2025 Annual Report Summary Executive Summary Aradel Holdings Plc delivered a highly transformative and record-breaking performance in the 2025 financial year. The Group significantly expanded its footprint within the energy sector through landmark strategic acquisitions, most notably securing a controlling interest in ND Western Limited and Renaissance Africa Energy Company Limited. These bold investments, coupled with robust core operations in oil, gas, and refined products, propelled the Group to unprecedented profitability and asset growth. Aradel remains steadfast in its commitment to continuous value creation, reserve accretion, and delivering superior returns to its shareholders. Financial Performance The Group demonstrated exceptional financial resilience and growth during the 2025 financial year, driven by expanded operations and significant one-off gains from business combinations. Key financial metrics include: Revenue: The Group achieved a total revenue of ₦699.43 billion , representing a solid 20.3% increase from the ₦581.15 billion recorded in 2024. Operating Profit: Operating profit surged to ₦733.58 billion (2024: ₦291.40 billion ), heavily bolstered by a gain on bargain purchase and translation gains on business combinations. Profit Before Taxation: The Group reported a remarkable profit before tax of ₦835.01 billion , a substantial leap from ₦316.77 billion in 2024. Profit After Taxation: Net profit for the year stood at an impressive ₦757.34 billion , compared to ₦259.07 billion in the previous year. Earnings Per Share (EPS): Basic and diluted EPS grew significantly to ₦173.62 (2024: ₦59.35 ). Dividends: Rewarding shareholders, the Directors recommended a total dividend of ₦33 per share for the year (comprising an interim dividend of ₦10 and a final dividend of ₦23 ), amounting to a total payout of ₦143.38 billion . Operational Highlights The 2025 reporting period was defined by aggressive inorganic growth and strategic portfolio expansion. The most significant milestone was the successful acquisition of an additional 40% equity interest in ND Western Limited (NDW). This transaction increased Aradel’s total ownership to 81.67%, transitioning NDW from an associate to a fully consolidated subsidiary. Consequently, this acquisition also granted Aradel a 53.335% indirect controlling stake in Renaissance Africa Energy Company Limited. Further expanding its asset base, the Group completed a ₦36 billion ($24 million) acquisition of a 6.01% equity stake in Chappal Energies Mauritius Limited, targeting deep value and brownfield upstream opportunities in Africa. Additionally, Aradel acquired a 50% equity stake in Ever Oil & Gas Depot, a tank farm located in Port Harcourt, for ₦1.1 billion , strengthening its midstream and downstream logistics capabilities. Strategic Initiatives and Future Outlook Aradel’s strategic initiatives are heavily focused on integrating its newly acquired subsidiaries to maximise synergies, optimise production profiles, and accelerate reserve development. The Group is actively managing commodity price volatility through proactive economic crude oil hedge contracts, securing price protection for over 1 million barrels of crude oil into 2026. Looking ahead, management’s guidance points toward leveraging the expanded asset base—now valued at nearly ₦10 trillion —to drive sustainable cash flow generation. The Group will continue to focus on operational efficiency, disciplined capital allocation, and navigating the complexities of the macroeconomic environment to safeguard shareholder value and ensure long-term business continuity. Risk Management and Governance The Board of Directors maintains a stringent risk management framework designed to identify, evaluate, and mitigate financial and operational risks. During 2025, the Group actively managed its exposure to market risks (including currency and price volatility), credit risks, and liquidity risks. The implementation of strategic hedging instruments was a key mechanism for mitigating crude oil price fluctuations. Governance structures were further strengthened with the active participation of various Board Committees, including the Statutory Audit, Corporate Strategy, and the newly inaugurated Sustainability Committee. Furthermore, the Chief Executive Officer and Chief Financial Officer certified the effectiveness of the Group’s Internal Control over Financial Reporting (ICFR), confirming that no material weaknesses were identified as of 31 December 2025. Sustainability and ESG Performance Aradel Holdings Plc is deeply committed to integrating Environmental, Social, and Governance (ESG) principles into its core business strategy. A major milestone in 2025 was the inaugural meeting of the Board’s Sustainability Committee , signalling a formalised approach to long-term ESG oversight.

On the social front, the Group invested heavily in industry development and community engagement, making charitable contributions and sponsorships totalling ₦473 million ($311,970). Beneficiaries included the Africa Energy Week, the Nigerian International Energy Summit, and the World Gas Conference. Furthermore, the Group maintained its rigorous commitment to Health, Safety, and Environment (HSE) standards, ensuring the protection of its workforce, physical assets, and the ecological environments in which it operates. Key Performance Indicators (KPIs) Total Assets: Grew exponentially to ₦9.90 trillion (2024: ₦1.75 trillion ), reflecting the massive scale of 2025 business combinations. Total Equity: Increased to ₦2.15 trillion (2024: ₦1.40 trillion ). Capital Gearing Ratio (Debt to Equity): Rose to 93% (2024: 7% ), indicating the strategic leverage utilised to fund major acquisitions. Return on Equity (ROE): Reached an exceptional 51% (2024: 19% ). Total Dividend Payout: ₦143.38 billion , underscoring strong cash generation and commitment to shareholder returns. This summary is intended for informational purposes only using AI. It is not financial advice. Investors should refer to the full annual report for detailed information and it may contain errors. Indicative Share Trading Liquidity The total indicative share trading liquidity for Aradel Holdings Plc (ARADEL.ng) in the past 12 months, as of 5th June 2026, is US$505.39M (NGN678.88B). An average of US$42.12M (NGN56.57B) per month. Aradel Holdings Plc 2025 annual report Aradel Holdings Plc (ARADEL.ng) Recent Documents & News Interim Reports Aradel Holdings Plc (ARADEL.ng) HY2026 Interim Report – August 3, 2026 Interim Reports Corporate announcement, Dividends Aradel Holdings Plc (Nigeria) declares a final dividend of 23 NGN per share – June 24, 2026 Corporate announcement, Dividends Interim Reports Aradel Holdings Plc (ARADEL.ng) Q12026 Interim Report – June 23, 2026 Interim Reports Abridged Reports Aradel Holdings Plc (ARADEL.ng) 2025 Abridged Report – February 4, 2026 Abridged Reports Presentations Aradel Holdings Plc (ARADEL.ng) Q32025 Presentation – November 10, 2025