Aradel returns to net cash position as EBITDA hits N2.1tn

Aradel reports strong 9-months operating performance

•As production skyrocketed   •Returns to net cash By Emeka Anaeto, Business Editor Aradel Holdings Plc has reported impressive output growth and financial performance for the period covering first nine months of 2026. The development followed the consolidation of ND Western and Renaissance into the Group, alongside higher production volumes, which ramped up production to 144.7 […]

Aradel returns to net cash position as EBITDA hits N2.1tn

Aradel Holdings Plc generated N2.46tn in operating cash flow in the first nine months of 2026, moving from a net debt position of N475.1bn at the end of last year to a net cash position of N532.3bn in September. The improved cash position came as the energy group recorded higher production and revenue following the Read More: https://punchng.com/aradel-returns-to-net-cash-position-as-ebitda-hits-n2-1tn/

Aradel’s 9M revenue hits N3.95 trillion, pre-tax profit rises 154%, declares interim dividend

Aradel Holdings Plc reported a 154.3% increase in consolidated pre-tax profit to N764.71 billion for the nine months ended September 30, 2026, from N300.68 billion in the corresponding period of 2025, driven by stronger crude oil and gas operations.

Billionaire-backed Aradel lifts nine-month revenue to $2.9bn

Aradel Holdings, in which five African billionaires own about a quarter, raised nine-month revenue sevenfold to ₦3.95 trillion after absorbing Shell's former onshore fields.