The Nigerian National Petroleum Company Limited (NNPC Ltd.) recorded N7.10 trillion in sundry income in 2025, an amount equivalent to about 99% of the N7.18 trillion net profit reported by the state-owned energy company for the year.
NNPC disclosed the figures in its 2025 Annual Financial Report, which was authorised and audited in September 2026 and provides details of the Group’s financial and operational performance for the year ended December 31, 2025.
The N7.10 trillion sundry income represented a sharp increase from N2.53 trillion in 2024, meaning the income category rose by about 181% year-on-year and became the dominant component of the Group’s N8.42 trillion total other income.
NNPC Chairman, Ahmadu Musa Kida, said the company delivered improved financial performance during a year characterised by geopolitical instability, energy-transition pressures and broader macroeconomic uncertainty.
The financial statements show that NNPC’s profit after tax increased by about 33% to N7.18 trillion in 2025 from N5.41 trillion in the previous year.
NNPC also recorded N1.99 trillion in net other losses, predominantly from realised and unrealised foreign-exchange losses, which partially offset the benefit of the increase in other income.
The figures show that NNPC generated less revenue from its operations in 2025 but still ended the year with substantially higher net profit, with the sharp rise in sundry and other income providing significant support to earnings.
Sundry income generally refers to earnings arising outside a company’s principal or regular revenue-generating activities and can comprise a collection of incidental, ancillary or non-core income streams.
Other income also included N678.67 billion from variation in crude stock, N468.64 billion in management fees, N92.90 billion in Road Infrastructure Tax Credit uplift income, N26.46 billion in dividend income and several smaller items.
The scale of these supplementary income streams is particularly significant because NNPC generated roughly N10.56 trillion less revenue than it did in 2024 even as profit after tax expanded by about a third.
NNPC’s latest annual numbers come ahead of a weaker profit performance recorded in the first half of 2026, following the substantial increase in profit reported for 2025.
On the operational side, NNPC said crude oil and condensate production reached 565.8 million barrels in 2025, averaging about 1.77 million barrels per day, which the company described as its highest average daily crude production in five years.
