Aradel reports strong 9-months operating performance.
The development followed the consolidation of ND Western and Renaissance into the Group, alongside higher production volumes, which ramped up production to 144.7 […] The post Aradel reports strong 9-months operating performance appeared first on Vanguard News .
•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.
Similarly, revenue skyrocketed to N3.95 trillion with EBITDA rising to N2.1 trillion, thus yielding an 53% margin.
Cash generation and balance sheet materially strengthened with net cash from operations of N2.46 trillion thus moving the Group from a net debt of ₦475.1 billion to a net cash of ₦532.3 billion, while providing liquidity for funding capital expenditure, debt service, dividends and ₦543.9 billion of earnout payments. Profits before tax increased 154% to ₦764.7 billion as against N55.6 billion in the corresponding period of 2025. the Group reported a sharp rise in tax expense to ₦721.4 billion, compared with ₦55.6 billion in 2025, reflecting the higher tax rates associated with the consolidation. The Group reported profit after tax of ₦43.3 billion, compared with ₦245.1 billion in the corresponding period of 2025.
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