Sonangol makes 862.4 billion kwanzas in profit in Angola
By the AFREEQUE newsroom, based on Mercado
Sonangol, Angola’s state oil company, made a net profit of 862.4 billion kwanzas in 2025, ahead of banks BAI and BFA among the country’s most profitable companies. Combined profits at the 21 banks studied rose by 23%, reaching about one trillion kwanzas for the first time, according to published accounts and a Deloitte study cited by Mercado.
Sonangol, Angola’s state-owned oil company, made a net profit of 862.4 billion kwanzas in 2025, equivalent to about $940 million, according to its management report cited by Mercado. It remains by far the country’s most profitable company.
Angolan banks have for the first time exceeded one trillion kwanzas in combined profits. Banco Angolano de Investimentos (BAI), which regained the top spot in the banking sector, is also among the country’s most profitable companies, alongside Banco de Fomento Angola, Unitel and Standard Bank de Angola, according to annual reports and sector studies published in 2026.
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
