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ARADELOil & Gas

Aradel Holdings Plc

₦2,024
▲ 1.8%+85% YTD
≈ $1.45 · Forex rate

Key stats

Market cap
₦3,800B
P/E ratio
6.5x
Dividend yield
1.5%
52-week range
₦900 – ₦2,200
Founded
2007
Listed
2024
Board
Premium Board
Industry
Oil & Gas
HQ
Port Harcourt / Lagos
CEO
Adegbite Falade
Shares
4.366B
ISIN
NGARADEL0007

Key milestones

2007
Niger Delta E&P (predecessor) founded
2014
OML 26 marginal field acquired
2018
Aradel Refinery commissioned (11,000 bpd)
2023
Revenue crossed ₦450 billion
2024
Listed on NGX at ₦702.69 — one of largest IPOs in history
2025
PAT reached ₦401 billion (55% growth)
2026
Share price tripled since IPO to ₦2,024

Why Lagosian dey care about ARADEL

Aradel Holdings na di most explosive growth story for Nigerian oil and gas. Dem list di stock for October 2024 at ₦702.69, and price don nearly triple to ₦2,024. For Lagos investor wey get IPO allocation, dis na trade of di decade. Aradel post ₦401 billion profit for 2025 — 55% growth.

About di company

Aradel Holdings na integrated Nigerian energy company — dem do upstream oil production, refining, and gas commercialization. Dem list for NGX for October 2024 at ₦702.69. Revenue jump from ₦450 billion (2023) to ₦1.4 trillion (2025). Profit move from ₦108 billion to ₦401 billion. Dia 11,000 barrel-per-day refinery na di only operational small-scale modular refinery for Nigeria.

Business segments

1.Upstream Oil Production (OML 26)
2.Refining (11,000 bpd Aradel Modular Refinery)
3.Gas Commercialization (Rivers State)
4.Power & Infrastructure development
📈 Why buy

Vertical integration (production + refining + gas) is unique in Nigeria. 55% earnings growth at 6.5x PE is among the cheapest fast-growers globally. Marginal field strategy benefits from major divestments. New IPO so plenty of free float still to be absorbed.

📉 Why fear

High concentration risk — single OML 26 asset dominates production. Refinery margins narrow when global cracks compress. NDEP holding company structure adds complexity. Limited operating history as a public company.

Key risks

  • ⚠Single-asset concentration on OML 26
  • ⚠Refinery margin volatility
  • ⚠Limited public track record post-IPO
  • ⚠Pipeline security in Niger Delta
  • ⚠Working capital intensity from refinery operations

Trading activity — past 3 months

Aradel is the 4th most traded stock by value despite its recent listing. ARADEL traded 53 million shares in 76,000 deals worth ₦98 billion over the past three months. The stock saw a single-day record of 8.4 million shares on the day Q4 2025 results were released.

Oil & Gas sector — ARADEL dey rank 2 of 2

By market cap

#TickerNamePriceYTD
1SEPLATSeplat Energy Plc₦11,495+57%
2ARADELAradel Holdings Plc₦2,024+85%
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Frequent Question

ARADEL (Aradel Holdings Plc) na trading at ₦2,024. Up 1.77% today, +85% YTD.

Important Disclaimer

Stock prices wey dey dis page dey delayed by at least 30 minutes and na for informational purposes only. Lagos.cool NO be licensed stockbroker, investment advisor, or securities dealer. We no dey buy, sell, or recommend any securities.

Past performance no be guarantee for future result. Stock price fit go down as e fit go up, and you fit lose some or all of your investment. Always consult licensed stockbroker or financial advisor before you make investment decision.

Data dey come from di Nigerian Exchange (NGX) and public corporate disclosure.