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Events / Oando Reports 10% Profit Increase in 2025
Business earnings report

Oando Reports 10% Profit Increase in 2025

Analysis based on 15 articles · First reported Feb 02, 2026 · Last updated Feb 02, 2026

Sentiment
20
Attention
4
Articles
15
Market Impact
Direct
Live prominence charts, article sentiment distribution, and event development timeline available on the NewsDesk Dashboard
Market Impact

The market is likely to view Oando's 2025 unaudited results positively due to the profit increase and strategic shift towards higher-margin crude and gas trading, despite a revenue decline. Increased upstream production and cost savings by Oando suggest improved operational efficiency and future growth potential.

Oil and Gas
Event Summary

Oando Plc released its unaudited results for the full year ended December 31, 2025, reporting a 10% increase in profit after tax to N241.8 billion, up from N220.1 billion in 2024. This growth was primarily driven by a 32% year-on-year increase in upstream production, averaging 32,482 barrels of oil equivalent per day (boepd), and strategic shifts in its trading business. Despite a 21% decline in revenue to N3.21 trillion from N4.09 trillion in 2024, and an 82% decrease in gross profit, Oando attributed these to a deliberate rebalancing of its portfolio away from high-turnover, lower-margin refined product trading towards higher-margin crude and gas opportunities. The company also realized $17.7 million in cost savings through contract optimization and launched a 36-well development drilling program, starting with the Obiafu-44 gas-condensate well, to accelerate production growth. Group Chief Executive Wale Tinubu emphasized the successful transition from asset integration to operational delivery and the focus on prudent capital allocation for long-term value creation.

Key Actions
90 Oando reported 10% profit increase
85 Oando increased upstream production by 32%
75 Oando shifted revenue mix towards higher-margin crude and gas
70 Oando decreased revenue by 21%
70 Oando launched development drilling programme
60 Oando realized $17.7 million in cost savings
Entities Involved
stock
Oando
Oando reported a 10% increase in profit after tax for 2025, driven by higher upstream production and strategic shifts in its trading business. Despite a decline in revenue, the company's focus on higher-margin crude and gas opportunities, along with cost savings, positions it for future growth.
Importance 100 Sentiment 30
per
Wale Tinubu
Wale Tinubu, Group Chief Executive of Oando, commented on the company's strong operational execution in 2025, highlighting the successful transition from asset integration to operational delivery and the launch of a new development drilling program.
Importance 70 Sentiment 20
priv
NNPC
The full-year consolidation of the NAOC Joint Venture interest contributed to Oando's production growth. The NAOC JV is a joint venture with the NNPC.
Importance 40 Sentiment 0
cnt
Nigeria
Oando's decision to pause Premium Motor Spirit (PMS) trading was in response to structural changes in Nigeria's domestic downstream landscape, indicating the influence of national market dynamics on the company's strategy.
Importance 20 Sentiment 0
Relationships
Wale Tinubu related ↔ Oando
Oando related ↔ NNPC
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