NNPC Posts ₦535bn June Profit as Revenue Climbs to ₦4.39tn
NNPC Limited recorded a ₦535 billion profit after tax in June 2026 as monthly revenue rose to ₦4.39 trillion, reflecting stronger operational performance and improved financial results.
By GLEBM News Desk
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reported a Profit After Tax (PAT) of ₦535 billion for June 2026, marking a 15.8 per cent increase from the ₦462 billion recorded in May as the national oil company sustained improvements in its operational and financial performance.
According to the company’s June Monthly Financial and Operations Report, total revenue for the month rose to ₦4.389 trillion, reflecting continued strength in crude oil and gas operations despite the challenges facing the global energy market.
The latest performance represents NNPC’s strongest monthly profit in about ten months, highlighting ongoing efforts by the company to improve operational efficiency, optimise production and strengthen financial sustainability.
The report also showed that crude oil and condensate production remained relatively stable during the period, while natural gas output continued to support the company’s revenue base.
NNPC noted that strategic investments in upstream operations, gas infrastructure and production optimisation continue to improve operational performance across its business segments.
Industry analysts say the improved earnings demonstrate the company’s continued transformation into a commercially driven energy business under the Petroleum Industry Act (PIA), which requires NNPC Limited to operate as a profit-oriented commercial entity.
The stronger financial performance is also expected to enhance the company’s ability to invest in critical oil and gas infrastructure, expand domestic gas supply and improve remittances to government.
Although profitability improved in June, analysts note that sustaining the momentum will depend on maintaining stable crude oil production, reducing pipeline vandalism and oil theft, attracting fresh investment into upstream projects and improving refining capacity.
The company has continued to prioritise gas development projects as Nigeria seeks to increase domestic energy supply while positioning natural gas as a major driver of industrialisation and export earnings.
With Nigeria targeting higher crude oil production and increased investment in the petroleum sector, NNPC’s latest results provide a positive signal for investors monitoring the performance of Africa’s largest energy market.
