Conoil’s pre-tax profit rises 218.9% to N5.98 billion in nine months of 2026
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Nairametrics
Reported by Idika Aja
Tue, 3 Nov 2026, 13:26
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Source Attribution: Nairametrics
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The company’s nine-month revenue rose to N280.12 billion from N203.83 billion, representing an increase of 37.4%, supported by growth in its white petroleum products business. Total borrowings: N64.80 billion (Up 18.03% from N54.90 billion as of December 2025).
Context & Background
✦Cash and bank balances also declined by 29.59% to N9.09 billion from N12.91 billion, while borrowings increased by 18.03% to N64.80 billion from N54.90 billion.
Key Figures & Named Entities
2026:Conoil Plc reported a pre-tax profit of N5.98 billion for the nine months ended September 30, 2026, representing a 218.9% increase from N1.88 billion in the corresponding period of 2025, according to the company’s unaudited results-at-a-glance statement.37.4%:The company’s nine-month revenue rose to N280.12 billion from N203.83 billion, representing an increase of 37.4%, supported by growth in its white petroleum products business.2025:Profit after tax reached N5.31 billion, compared with N1.46 billion reported in the corresponding period of 2025.
Outlook & Next Steps
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Key Takeaways
Verified Extract
✦The company’s nine-month revenue rose to N280.12 billion from N203.83 billion, representing an increase of 37.4%, supported by growth in its white petroleum products business.
✦Total borrowings: N64.80 billion (Up 18.03% from N54.90 billion as of December 2025).
✦Cash and bank balances also declined by 29.59% to N9.09 billion from N12.91 billion, while borrowings increased by 18.03% to N64.80 billion from N54.90 billion.
Key Facts:2026: Conoil Plc reported a pre-tax profit of N5.98 billion for the nine months ended September 30, 2026, representing a 218.9% increase from N1.88 billion in the corresponding period of 2025, according to the company’s unaudited results-at-a-glance statement.37.4%: The company’s nine-month revenue rose to N280.12 billion from N203.83 billion, representing an increase of 37.4%, supported by growth in its white petroleum products business.2025: Profit after tax reached N5.31 billion, compared with N1.46 billion reported in the corresponding period of 2025.2025: However, the third-quarter performance was weaker, with pre-tax profit declining to N206.51 million from N774.99 million in the corresponding quarter of 2025.
Editorial Excerpt
Conoil Plc reported a pre-tax profit of N5.98 billion for the nine months ended September 30, 2026, representing a 218.9% increase from N1.88 billion in the corresponding period of 2025, according to the company's unaudited results-at-a-glance statement.
Frequently Asked Questions About This Story
What is the latest development regarding Central Bank of Nigeria?
The company’s nine-month revenue rose to N280.12 billion from N203.83 billion, representing an increase of 37.4%, supported by growth in its white petroleum products business.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include Central Bank of Nigeria.
What timeline or key figures were confirmed?
Conoil Plc reported a pre-tax profit of N5.98 billion for the nine months ended September 30, 2026, representing a 218.9% increase from N1.88 billion in the corresponding period of 2025, according to the company’s unaudited results-at-a-glance statement.
