The Nigerian Countrywide Petroleum Business Limited (NNPC Ltd.) recorded N7.10 trillion in sundry proceeds in 2025, an sum equivalent to around 99% of the N7.18 trillion net earnings reported by the condition-owned energy firm for the year.
NNPC disclosed the figures in its 2025 Annual Financial Announce, which was authorised and audited in September 2026 and provides details of the Fixed’s financial and functional operation for the year ended December 31, 2025.
The N7.10 trillion sundry earnings represented a sharp rise from N2.53 trillion in 2024, meaning the revenue synonyms rose by regarding 181% year-on-year and became the dominant section of the Group’s N8.42 trillion entire other earnings.
NNPC benefit rises despite turnover drop
NNPC Chairman, Ahmadu Musa Kida, said the firm delivered improved financial operation during a year characterised by geopolitical instability, energy-transition pressures and broader macroeconomic uncertainty.
The financial statements present that NNPC’s earn later than tax increased by around 33% to N7.18 trillion in 2025 from N5.41 trillion in the earlier year.
- Revenue, still, declined by concerning 23% to N34.52 trillion from N45.08 trillion in 2024, during the time that gross earn fell to N9.37 trillion from N11.71 trillion.
- NNPC recorded N8.42 trillion in other earnings in 2025, compared including N3.39 trillion a year earlier, representing an increase of regarding 148%.
- Sundry revenue accounted for N7.10 trillion, or regarding 84% of whole other earnings during the year.
NNPC too recorded N1.99 trillion in net other losses, predominantly from realised and unrealised foreign-exchange losses, which partially offset the achieve of the raise in other proceeds.
The figures demonstrate that NNPC generated reduced turnover from its operations in 2025 but still ended the year using substantially upper net obtain, together with the sharp rise in sundry and other revenue providing big support to compensate.
Within NNPC’s N7.10 trillion sundry proceeds
Sundry earnings generally refers to spend arising externally a firm’s chief or periodic sales-generating activities and can comprise a selection of incidental, ancillary or non-essential revenue streams.
- NNPC’s N7.10 trillion sundry revenue was equivalent to close to 98.9% of its N7.18 trillion obtain once tax, although this does not mean sundry salary alone generated 99% of the business’s earnings, seeing that net benefit is determined once accounting for earnings, operating costs, endorse costs, gains and losses, taxes and other items.
- Sundry revenue rose by regarding N4.58 trillion from N2.53 trillion in 2024 to N7.10 trillion in 2025.
- NNPC said the earnings came from Trans-Forcados pipeline revenue, crude processing fees, miscellaneous earnings received from joint-venture operators and the writeback of a previously recognised provision relating to the Amenam-Kpono stock overlift maintain.
- The financial announce does not present a distinct monetary breakdown for the four components, meaning it is not potential from the disclosed remark to define the individual contribution of each item.
Other revenue additionally included N678.67 billion from variation in crude stock, N468.64 billion in administration fees, N92.90 billion in Road Infrastructure Tax Credit uplift proceeds, N26.46 billion in dividend revenue and numerous lesser items.
The scale of these supplementary revenue streams is notably primary owing to the point that NNPC generated extra or reduced N10.56 trillion fewer earnings than it did in 2024 even as benefit later than tax expanded by around a third.
NNPC obtain weakens in 2026
NNPC’s up-to-date annual numbers come ahead of a weaker result results recorded in the primary half of 2026, following the considerable rise in achieve reported for 2025.
- The enterprise reported N2.28 trillion in earnings later than tax for the initial six months of 2026, representing a decline of around 35.4% from N3.53 trillion recorded in the corresponding period of 2025.
- NNPC is pursuing an broad investment programme across Nigeria’s oil and gas value chain, alongside plans to mobilise concerning $60 billion for upstream, midstream and downstream projects by 2030.
- The programme includes primary gas infrastructure projects such as the Ajaokuta-Kaduna-Kano pipeline, the Escravos-Lagos Pipeline Platform and the Obiafu-Obrikom-Oben pipeline.
- NNPC posted N5.41 trillion in earnings later than tax in 2024 from sales of around N45.08 trillion in advance of earnings increased to N7.18 trillion in 2025 even as earnings declined.
- Its 2024 results was heavily driven by crude sales, together with the firm generating regarding N29.21 trillion from crude oil sales that year, greater than twice the N14.07 trillion generated from the same segment in 2023.
On the functioning side, NNPC said crude oil and condensate production reached 565.8 million barrels in 2025, averaging concerning 1.77 million barrels per day, which the business described as its highest ordinary daily crude production in five years.
Source: NNPC’s sundry income hits N7.1 trillion, equivalent to 99% of annual profit
