Aradel Holdings Plc · NSENG:ARADEL
Aradel — 9M 2025 Earnings Presentation
28 slides from Aradel's earnings presentation, Nov 10, 2025
Slide 1: 9M 2025 Results Presentation
9M 2025 RESULTS PRESENTATION 10TH NOVEMBER 2025
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Aradel Holdings Plc (“Aradel Holdings” or the “Company”) to provide an overview of the Company. “Presentation” means this document, its contents or any part of it, any oral presentation, any question or answer session and any written or oral material
Slide 3: Agenda
AGENDA 9M 2025 Key Highlights 4 Aradel at a Glance 5 9M 2025 Operational Performance 8 9M 2025 Financial Performance 11 Strategy & Outlook 15 Appendix 20 ARADEL HOLDINGS PLC: 9M 2025 RESULTS PRESENTATION | 3
Slide 4: 9M 2025 Key Highlights
9M 2025 KEY HIGHLIGHTS Resilient performance despite dynamic operating environment Average Crude Oil Daily Production Average Gas Daily Production Average Refined Production 15.3 kbbls/d 25% 50.6 mmscf/d 41% 235.7mltrs 40% vs 12.3 kbbls/d in 9M 2024 vs 35.7 mmscf/d in 9M 2024 vs 168.9 mltrs in 9M 20
Slide 5: Aradel at a Glance
aradel @\ Holdings ARADEL AT A GLANCE
Slide 6: Aradel at a Glance
ARADEL AT A GLANCE Nigeria’s first fully integrated indigenous energy company operating within Upstream, Midstream and Downstream segments of the oil and gas industry 20-years of uninterrupted 10 assets/businesses across Nigeria 2P Reserves 410.6 mmboe as at Listed in October 2024 on the production
Slide 7: One Year Post Listing: Key Achievements
ONE YEAR POST LISTING: KEY ACHIEVEMENTS These achievements further strengthen our strategic positioning within the oil & gas landscape Entered into a In October 2024, Acquisition of definitive the Company Acquisition of Acquisition of 33.3% effective Agreement to was listed via Olo and Olo 6.01% equ
Slide 8: 9M 2025 Operational Performance
9M 2025 OPERATIONAL PERFORMANCE
Slide 9: 9M 2025 Operational Performance (Upstream & Midstream)
9M 2025 OPERATIONAL PERFORMANCE (UPSTREAM & MIDSTREAM) Sustained production growth underpinned by operational efficiency 9M 2025 Performance Crude Oil Production (mmbls) Gas Production (BCF) 4.2 mmbbls 3.1 mmbbls 24% 47% Crude Oil Production Crude Oil Sales Volume 41% YoY 9M 2024: 3.4 mmbbls 9M 2024
Slide 10: 9M 2025 Operational Performance (Downstream)
9M 2025 OPERATIONAL PERFORMANCE (DOWNSTREAM) Sustained production growth underpinned by operational efficiency 9M 2025 Performance Refined Production Volumes (Mltres) Refined Production Sales Volumes (Mltres) 40% YoY 55% YoY 235.7 230.8 235.7mltrs 40% Refined Production Volumes 9M 2024: 168.8mltrs 1
Slide 11: 9M 2025 Financial Performance
9M 2025 FINANCIAL PERFORMANCE
Slide 12: 9M 2025 Key Financial Highlights
9M 2025 KEY FINANCIAL HIGHLIGHTS Strong earnings underpinned by improved operations ▪ Strong Revenue growth - 43% YoY growth to N538.8 billion (9M 2024: N377.6 9M 2025 9M 2024 % Change billion). N’billion N’billion - Higher crude oil (+36%), gas (+50%) and refined- product (+58%) sales volumes. Reve
Slide 13: 9M 2025 Cash Flow Waterfall
9M 2025 CASH FLOW WATERFALL Building financial strength on solid cash generation ₦'Billion ▪ Strong Operating Cash Flow: Improved cash generation from 17.9 4.6 12.7 crude oil sales and refined 205.4 product sales, reflecting (45.2) sustained operational efficiency and market demand. (116.5) ▪ Strate
Slide 14: Balance Sheet and Liquidity Management
BALANCE SHEET AND LIQUIDITY MANAGEMENT Strong balance sheet growth with resilient returns Total Cash Total Assets (N’Trillion ) Total Equity (N’Trillion) ▪ Total assets grew by 12% YoY N411.8bn 12% YoY 2.0 7% YoY ▪ Acquired a 6.01% equity stake in Chappal Energies and completed Renaissance Africa ▼2
Slide 15: Strategy & Outlook
STRATEGY & OUTLOOK ARADEL HOLDINGS PLC: 9M 2025 INVESTOR PRESENTATION | 15
Slide 16: Aradel Holdings' Medium-to-Long Term Strategy
ARADEL HOLDINGS’ MEDIUM-TO-LONG TERM STRATEGY Disciplined growth, operational excellence, capital discipline and portfolio diversification. Production Growth Reserve & Capacity Expansion Diversification Consolidation ▪ Scale up oil and gas output ▪ Target 2P reserves growth from ▪ Broaden revenue st
Slide 17: 2026 Look Ahead: Consolidated Aradel Group
2026 LOOK AHEAD: CONSOLIDATED ARADEL GROUP ▪ Aradel Group currently holds a 33.3% equity interest in Consolidated Position Renaissance Africa Energy Company Limited (comprising a 12.5% direct and an additional 20.8% indirect interest Renaissance assets significantly enlarge the Group’s production an
Slide 18: 2026 Look Ahead: Consolidated Aradel Group
2026 LOOK AHEAD: CONSOLIDATED ARADEL GROUP Aradel Aradel Group Aradel Group Income statement (Company) (pre- additional acquisition)* (Post-Acquisition)** US$’000 US$’000 US$’000 Revenue 349,954 963,611 2,147,060 Operating cost (250,255) (716,048) (1,615,255) Other Income 9,128 99,657 268,413 Operat
Slide 19: Q&A
A&aoce Q&A
Slide 20: Appendix
APPENDIX ARADEL HOLDINGS PLC: 9M 2025 INVESTOR PRESENTATION | 20
Slide 21: About Renaissance Africa Energy Company Limited
ABOUT RENAISSANCE AFRICA ENERGY COMPANY LIMITED Company Overview Shareholding Structure Financial Highlights (30 September 2025) ▪ Renaissance Africa Energy Company FY 2024 9M 2025 Limited (“Renaissance” or the “Company”) ND Western Limited Revenue Revenue is a leading integrated energy company 13%
Slide 22: Consolidated Statement of Profit or Loss
CONSOLIDATED STATEMENT OF PROFIT OR LOSS In thousands of naira 30-Sep-2025 30-Sep-2024 Revenue 538,809,827 377,580,576 Cost of Sales (304,084,899) (166,802,254) Gross Profit 234,724,928 210,778,322 Other Income 14,026,397 (16,562,296) General and administrative expenses (81,220,997) (25,134,624) Ope
Slide 23: Consolidated Statement of Financial Position
CONSOLIDATED STATEMENT OF FINANCIAL POSITION In thousands of naira 30-Sep-2025 31-Dec-2024 Non-current assets Property, plant, and equipment 672,071,689 676,637,344 Intangible assets 1,008,720 1,251,000 Financial assets 60,343,531 43,288,424 Investment in associate 679,309,504 489,968,207 Total non-
Slide 24: Consolidated Statement of Cash Flows
CONSOLIDATED STATEMENT OF CASH FLOWS In thousands of naira 30-Sep-2025 30-Sep-2024 Profit before taxation 300,684,418 91,457,489 Adjustments: Interest expense 21,391,449 11,537,805 Interest income (15,360,274) (10,317,533) Dividend received (253,490) (137,110) Exchange (gain)/loss (1,577,780) 25,951
Slide 25: Segment Profit and Loss Statement – 9M 2025
SEGMENT PROFIT AND LOSS STATEMENT – 9M 2025 Investment Total reportable Crude oil Gas Refined Products Eliminations* Consolidation Properties segment 30 September 2025 ₦'000 ₦'000 ₦'000 ₦'000 ₦'000 ₦'000 ₦'000 Revenue 436,750,080 97,561,315 169,023,469 93,873 703,428,737 (164,618,910) 538,809,827 Op
Slide 26: Segment Profit and Loss Statement – 9M 2024
SEGMENT PROFIT AND LOSS STATEMENT – 9M 2024 Investment Total reportable Crude oil Gas Refined products Eliminations* Consolidation Properties segment 30 September 2024 ₦'000 ₦'000 ₦'000 ₦'000 ₦'000 ₦'000 ₦'000 Revenue 307,565,882 65,805,562 108,091,417 82,614 481,545,475 (103,964,899) 377,580,576 Op
Slide 27: Contact Us
aradel @\ Holdings CONTACT US
Slide 28: Contact Details and Additional Resources
CONTACT DETAILS ADDITIONAL RESOURCES Aradel Holdings Plc Results Adegbola Adesina 9M 2025 Financial Statements Here Chief Financial Officer 9M 2025 Results Press Release Here H1 2025 Financial Statements Here Email: IR@aradel.com H1 2025 Results Press Release Here Ilobekemen Idiake Q1 2025 Financial