Aradel returns to net cash position as EBITDA hits N2.1tn
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Verified Synthesis~58s readThe group’s average production increased by 502 per cent to 144,700 barrels of oil equivalent per day from 24,000 barrels in the previous year. The company’s unit field operating cost also declined by 28 per cent to $7.9 per barrel of oil equivalent, from $11 in the corresponding period of 2025.
Context & Background
- ✦Crude oil production averaged 57,900 barrels per day, representing a 279 per cent increase, while gas output rose by 895 per cent to 503.6 million standard cubic feet per day.
Key Figures & Named Entities
2026: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.30 September:In its unaudited results for the nine months ended 30 September, 2026, Aradel reported revenue of N3.95tn, up 633 per cent from N538.8bn in the corresponding period of 2025.2026:It consequently raised its 2026 production forecast to between 140,000 and 150,000 barrels per day.
Outlook & Next Steps
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Key Takeaways
Verified Extract- The group’s average production increased by 502 per cent to 144,700 barrels of oil equivalent per day from 24,000 barrels in the previous year.
- The company’s unit field operating cost also declined by 28 per cent to $7.9 per barrel of oil equivalent, from $11 in the corresponding period of 2025.
- Crude oil production averaged 57,900 barrels per day, representing a 279 per cent increase, while gas output rose by 895 per cent to 503.6 million standard cubic feet per day.
Key Facts:2026: 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.30 September: In its unaudited results for the nine months ended 30 September, 2026, Aradel reported revenue of N3.95tn, up 633 per cent from N538.8bn in the corresponding period of 2025.2026: It consequently raised its 2026 production forecast to between 140,000 and 150,000 barrels per day.2025: Profit attributable to shareholders of the company stood at N141.5bn, compared with N242.9bn in the corresponding period of 2025.
Editorial Excerpt
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
Frequently Asked Questions About This Story
What is the key takeaway from this report?
The group’s average production increased by 502 per cent to 144,700 barrels of oil equivalent per day from 24,000 barrels in the previous year.
What additional context is highlighted in this report?
The company’s unit field operating cost also declined by 28 per cent to $7.9 per barrel of oil equivalent, from $11 in the corresponding period of 2025.
What timeline or key figures were confirmed?
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.
