Oando Plc, Africa’s leading indigenous energy solutions provider, listed on the Nigerian Exchange Limited and Johannesburg Stock Exchange, has announced its audited results for the financial year ended 31 December 2025, delivering a 32 per cent increase in average daily production to 32,482 barrels of oil equivalent per day and a Profit After Tax of N204.8bn.
The 2025 financial year, Oando said in a regulatory filing on Monday, marked a transition year for the group, with the first full-year contribution from the Nigerian Agip Oil Company Joint Venture assets and a shift from acquisition-led growth to operational execution and balance sheet optimisation.
Commenting on the results, the Group Chief Executive, Oando Plc, Wale Tinubu, said, “FY 2025 marked our first full year of operational execution following the acquisition of the NAOC Joint Venture assets and represents an important milestone in Oando’s evolution. Having successfully completed the integration phase, our focus shifted to operatorship, operational excellence, and value realisation across the enlarged portfolio.
“During the year, we strengthened asset integrity, enhanced security across our operating areas, and improved uptime, resulting in a 32 per cent year-on-year increase in production to 32,482 boepd net to Oando.
