The Nigerian National Petroleum Company (NNPC) Limited has reported a profit after tax (PAT) of N5.76 trillion for the 2025 fiscal year.
The state-owned oil company, in its ‘Monthly Report Summary’ for December 2025, published on Thursday, said its revenue totalled N60.51 trillion in the year under review while statutory payments to government agencies and partners amounted to N14.7 trillion for the year.
The NNPC also disclosed in the report that Nigeria recorded an average crude and condensate output of 19.43 million barrels per day (bpd) in the year and also recorded an average crude and condensate output of 1.54 million bpd in December 2025, down by 3.75 percent from 1.6 million bpd in November 2025.
The company explained that the December production performance was affected by planned maintenance work at Stardeep-Agbami, Renaissance-Estuary area (EA), and unplanned production facility outages.
The company also reported a profit after tax of N351 billion for December 2025, representing a 30.08 per cent decline from N502 billion recorded in November 2025, while revenue for the period stood at N4.82 trillion, up by 10.8 per cent from N4.35 trillion in the preceding month.
According to the company, natural gas output dipped to 6.19 million standard cubic feet per day (mscfd) in December 2025, compared with 6.96 mscfd in the previous month.
