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Oando plc  –  JSE:OAO  
     
Prices at least 15 minutes delayed. Source: JSE Ltd.
 
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Thu 26 Jun 2025, 7:36 Oando - unaudited results released
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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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