30/10/2025
Oando Records 164% Increase in Financials: Posts ?210bn Profit in Nine Months
Download logo Oando PLC (https://OandoPLC.com/), Nigeriarsquo;s leading indigenous energy group listed on both the Nigerian Exchange and Johannesburg Stock Exchange, has announced its unaudited results for the nine months ended September 30, 2025, reflecting production growth, and disciplined execution. The Group delivered a Profit After Tax of ?210 billion, a 164% increase from ?76 billion in the same period of 2024, a performance driven by stronger production volumes, and operational efficiency. While Group revenue declined by 20% year-on-year to ?2.5 trillion from ?3.2 trillion in 2024, this was primarily due to reduced gasoline imports following the ramp-up of the Dangote Refinery, a...
