Listed oil and fuel corporations on the Nigerian Alternate (NGX) generated a complete income of N4.9 trillion within the first half of 2025.
This represents a 33.45% enhance from the identical interval in 2024, reflecting stronger gross sales throughout the sector and rising market demand.
Income, usually known as “the highest line,” is the full cash an organization earns from promoting items and providers earlier than subtracting any prices or bills.
A stable income stream is vital as a result of it provides corporations the power to cowl prices and nonetheless generate revenue. It additionally alerts development and resilience, which might appeal to traders even when operational challenges exist.
This report focuses on the oil and fuel corporations that generated the best revenues within the first half of 2025, inserting extra emphasis on precise figures than on year-on-year efficiency.
Listed below are the highest Nigerian oil and fuel corporations by income in H1 2025.
Japaul Gold & Ventures Plc ranked seventh with a turnover of N1.7 billion in H1 2025, a 40.75% enhance from N1.21 billion in H1 2024.
- Offshore actions contributed the majority of the income at N1.47 billion, in comparison with N657 million within the earlier 12 months.
- Dredging yielded N178.8 million, whereas quarrying actions introduced in N51.9 million.
Efficiency improved following the corporate’s N26 billion sand mining cope with Gravitas Funding Restricted in This fall 2024 to mine 3.5 million cubic meters of sand for the reclamation of Gracefield Island alongside Chevron Drive in Lekki.
Pre-tax revenue for the primary half of 2025 stood at N420.2 million, up 4.20%, regardless of larger gross sales prices of N578 million (up 53.96%) and administrative bills of N749.9 million (up 62.88%).
Complete present belongings fell to N15.9 billion from N16.4 billion, whereas present liabilities rose 9.87% to N11.3 billion.