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     Latest News: Oando plc OANDO [OAO]
     Thu, 26 Jun 2025 Official Announcement [WDW] 
    Oando - unaudited results released
    Oando PLC ("Oando" or the "Group") announced its unaudited results for the three months ended 31 March 2025.

    Group highlights
    • Revenue grew by 2% year-on-year to NGN933 billion (Q1 2024: NGN915 billion), supported by higher upstream volumes and FX revaluation gains.
    • Gross profit increased by 172% to NGN85 billion (Q1 2024: NGN31 billion), reflecting stronger E&P margins.
    • Capital expenditure rose to NGN45 billion (Q1 2024: NGN9 billion), driven by asset integration and production optimisation initiatives following the NAOC acquisition.
    • Pursuant to shareholder approval, the Board approved the distribution of 1.28 billion ordinary shares, reinforcing value return commitments.
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    Closing price data source: JSE Ltd. All other statistics calculated by ProfileData.
       
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