Nigerian businessman Ladi Jadesimi has seen the value of his stake in Aradel Holdings Plc rise by more than $27 million in less than two weeks, as shares of the Lagos-listed energy company climb following a strong earnings report.

Market data tracked by Shore.Africa shows that Jadesimi holds a 5.29% stake in Aradel, equivalent to 230,034,760 ordinary shares, through his private investment vehicle, Badagry Creek FZE. The holding is a significant part of a portfolio built through years of investments across the energy and industrial infrastructure sectors.

Aradel stake crosses $250 million

Since Aug. 20, the value of Jadesimi’s holding has increased by about N36.8 billion ($27.6 million), rising from N299.04 billion ($224.18 million) to N335.85 billion ($251.77 million), based on the company’s share price at the time of the report.

The increase has been driven mainly by gains in Aradel’s stock, which has attracted investor attention following the company’s latest financial results. Higher oil and gas production, stronger realized prices and a broader operating base helped lift revenue and earnings during the period.

Aradel’s share price rose 12.31% over the 12-day period, climbing from N1,300 ($0.975) to N1,460 ($1.094). The gain has lifted the company’s market capitalization to about N6.15 trillion ($4.6 billion), pushing the value of Jadesimi’s stake above $250 million.

Founded in 1992 and listed on the Nigerian Exchange in October 2024, Aradel has grown into one of Nigeria’s largest independent integrated energy companies. Its businesses include Aradel Energy, Aradel Gas Ltd., Aradel Refineries Ltd. and Aradel Investments Ltd. The group also owns interests in ND Western and Renaissance Africa Energy.

Strong earnings lift investor interest

Aradel reported gross revenue of N2.49 trillion ($1.87 billion) for the six months ended June 30, compared with N368.1 billion ($275.7 million) a year earlier. That represents a 577% increase, helped by higher production and stronger realized prices.

Crude oil averaged $90.40 a barrel during the period, while gas sold for an average of $2.08 per million standard cubic feet.

Profit before tax rose to N752.7 billion ($564.1 million) from N191.3 billion ($143.4 million). Profit after tax increased to N191 billion ($143.2 million), from N146.4 billion ($109.8 million).

The company’s total assets also rose to N10.88 trillion ($8.16 billion) at June 30, from N9.87 trillion ($7.4 billion) at the end of 2025. Shareholders’ equity increased slightly to N2.17 trillion ($1.63 billion), while retained earnings climbed to N1.16 trillion ($870.1 million).

Jadesimi builds wealth across key Nigerian sectors

For Jadesimi, the rise in Aradel’s share price adds substantially to the value of an investment he has held for years. The 82-year-old businessman is also the founder and executive chairman of the Ladol Group of Companies, which developed and operates an industrial free zone in Lagos.

Ladi Jadesimi served as the chairman of Aradel Holdings from June 21, 2016, until his retirement on May 28, 2025. He also served as chairman of First City Monument Group till June 2026, where he owns a 0.30% stake in the company, and sits on the boards of several companies. Despite decades of involvement in Nigeria’s energy and infrastructure sectors, Jadesimi has largely kept a low public profile.

His stake in Aradel has brought greater attention to his business interests as the company’s market value and financial performance have risen. He remains a prominent figure in Nigeria’s energy and infrastructure sectors, combining his role at Aradel with leadership positions across several major companies.