Oando Plc, in its audited financial statement for the period ended December 31st, 2025, reported an after-tax profit of N204.8 billion, even as revenue declined by more than 22 percent.
The Nigerian energy group’s audited full-year financial statements show profit after tax eased slightly from N220.1 billion in 2024 to N204.8 billion, while profit attributable to shareholders stood at N204 billion. Earnings per share rose to N23 from N18, supported by changes in the company’s share capital structure during the year.
Revenue declined to N3.18 trillion from N4.09 trillion in 2024, representing a 22.2 percent decrease, reflecting weaker trading activity following an exceptionally strong prior year.
The Group reported a gross loss of N2.8 billion in FY 2025, compared with a gross profit of N93.3 billion in FY 2024, reflecting margin pressure arising from a higher operating cost base associated with the expanded asset portfolio and transition to operatorship.
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