The 2025 financial year presented significant challenges for Nigeria’s downstream petroleum industry due to market-based fuel pricing reforms and shifting supply dynamics. Despite these pressures, Conoil Plc maintained profitability, recording ₦301.72 billion in revenue.

The company's ability to sustain market activity was supported by its extensive distribution network. Cost management also played a crucial role, with the cost of sales declining and distribution and marketing expenses reducing significantly. This led to a gross profit of ₦22.68 billion.

Conoil Plc saw an increase in total assets by 21.2% to ₦139.37 billion, with substantial investment in property, plant, and equipment, indicating a commitment to operational expansion. However, financing costs escalated by 162.5% to ₦10.78 billion, and total borrowings rose to ₦54.24 billion, impacting net profitability.

Despite these financial pressures, Conoil Plc reported a Profit Before Tax of ₦2.68 billion and a Profit After Tax of ₦2.18 billion. The fourth quarter showed positive momentum, with revenue of ₦97.89 billion and Profit After Tax of ₦544.67 million.

The Board of Directors recommended a dividend of 200 kobo per share, reflecting confidence in the business while balancing capital preservation and future growth initiatives. Conoil's performance highlights its operational resilience and foundational strength in navigating the evolving Nigerian energy market.