NNPC Limited, generated N28.54 trillion in revenue and recorded N2.99 trillion in profit after tax between January and August 2026, according to an analysis of its monthly financial reports.
The company’s performance fluctuated during the period. Monthly revenue peaked at N4.97 trillion in April, while profit after tax reached a high of N535 billion in June.
NNPC also reported N9.487 trillion in remittances to government accounts over the eight months. These payments are separate from revenue and profit figures.
In January, the company posted N2.571 trillion in revenue and N385 billion in profit after tax. Revenue rose to N2.680 trillion in February, though profit fell to N136 billion. March saw revenue of N2.774 trillion and profit of N276 billion.
April’s surge to N4.971 trillion in revenue coincided with crude oil and condensate production averaging 1.68 million barrels per day. Revenue eased to N4.335 trillion in May as production climbed to 1.73 million barrels per day, the highest monthly level in the first half of the year. June revenue stood at N4.389 trillion with production at 1.72 million barrels per day.
Performance weakened in July, with revenue dropping to N3.087 trillion and profit to N279 billion. August saw a recovery, with revenue rising 21.1 percent month-on-month to N3.737 trillion and profit after tax increasing 54.5 percent to N431 billion.
The results came amid volatility in international crude oil prices. Brent crude climbed above $100 per barrel during Middle East supply disruptions before retreating.
NNPC’s full-year 2025 results showed profit after tax rising 33 percent to N7.2 trillion despite a 24 percent decline in revenue to N34.5 trillion.
