Nigeria: Oando Records 32 Percent Output, Hits N3.21trn Revenue in 2025

Nigeria: Oando Records 32 Percent Output, Hits N3.21trn Revenue in 2025

Oando PLC, Africa's leading indigenous energy solutions provider, has published its unaudited results for the full year ended 31 December 2025, recording a 32% year-on-year increase in production by its upstream business, averaging 32,482 boepd.

Oando Records 32% Output, Hits N3.21trn Revenue In 2025

Oando PLC, Africa’s leading indigenous energy solutions provider, has published its unaudited results for the full year ended 31 December 2025, recording a 32% year-on-year increase in production by its upstream business, averaging 32,482 boepd. This growth was driven by a 36% increase in crude oil production to 11,269 bopd, a 24% increase in gas production to 19,982 boepd, and a 715% increase in NGL production to 1,231 bpd. The Group attributed…

Oando reports profit-after-tax up 10% to ₦241.3 billion as upstream production rises 32%

The company announced a 32% year-on-year increase in production by its upstream business in its unaudited results for the full year ended 31 December 2025 averaging 32,482 boepd The post Oando reports profit-after-tax up 10% to ₦241.3 billion as upstream production rises 32% appeared first on Premium Times Nigeria.

Oando’s 2025 Earnings Tumble As Profit Crashes Despite Strong Production » News.ng

Oando PLC, Nigeria’s indigenous energy company, has released its unaudited financial results for the fiscal year 2025, revealing a mixed performance characterised by declining profitability despite increased revenue and production volumes, news.ng reports. The company reported revenue of ₦3.213 trillion for FY 2025, representing a 21% decline from ₦4.087 trillion recorded in FY 2024. However, the company’s gross profit experienced a sharp contra…

Oando Reports Profit-After-Tax Up 10% to ₦241.3 billion as Upstream Production Rises 32% in FY 2025

Oando Reports Profit-After-Tax Up 10% to ₦241.3 billion as Upstream Production Rises 32% in FY 2025

Wale Tinubu’s Oando Grows Profit Ten Percent in 2025

Oando Plc closed the 2025 financial year with stronger earnings as upstream production gains helped offset lower revenue from a strategic shift in its trading business.The energy group reported a profit after tax of N241.8 billion for the year ended December 31, 2025, a 10 percent increase from N220.1 billion recorded in 2024, according to its unaudited results. Management said the improvement was supported by higher production volumes, impairme…