Oando (OANDO) Stock Overview
Through its subsidiaries, provides energy solutions in Nigeria and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 1/6 |
| Dividends | 0/6 |
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Oando PLC Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₦38.00 |
| 52 Week High | ₦62.80 |
| 52 Week Low | ₦36.00 |
| Beta | -0.39 |
| 1 Month Change | -24.00% |
| 3 Month Change | -18.28% |
| 1 Year Change | -29.89% |
| 3 Year Change | 718.30% |
| 5 Year Change | 1,293.66% |
| Change since IPO | 392.17% |
Recent News & Updates
Narrative Update • Jul 06
Reports Resilient FY 2025 Earnings Amid Revenue Decline, Debt Restructuring and Improved Asset Quality
Revaluation based on Audited FY2025 Analyst: Qudus Adebara (Research Analyst, DLM Securities) Executive Summary Oando Plc delivered a resilient financial performance for the year ended December 31, 2025, despite a challenging operating environment characterized by lower trading revenues, elevated financing costs, and a negative shareholders' equity position. Group revenue declined by 22.2% to ₦3.18 trillion from ₦4.09 trillion in FY 2024, reflecting lower trading activity and changes in the Group's revenue mix.Narrative Update • Apr 19
Oando PLC – NEPL/Oando JV Delivers 60MW Gas-Fired IPP in Bayelsa
Author: Qudus Adebara (Research Analyst, DLM Capital Group) Oando PLC has announced the successful delivery of a 60-megawatt Independent Power Plant (IPP) in Yenagoa, executed through its upstream joint venture with NNPC E&P Limited (NEPL). The project was officially commissioned by Bola Ahmed Tinubu on April 10, 2026, marking a significant milestone in Nigeria’s gas-to-power development.Narrative Update • Apr 16
Oando Plc Reports Volatile FY 2025 Performance as Revenue Declines but Profitability Supported by Impairment Reversals and Tax Credits
Analyst: Qudus Adebara Executive Summary Oando Plc delivered a mixed and highly volatile performance for the twelve months ended 31 December 2025. Group revenue declined by 21.4% YoY to ₦3.21 trillion (FY 2024: ₦4.09 trillion), reflecting weaker trading volumes in the Supply & Trading segment and pressure across energy markets.Recent updates
Narrative Update • Jul 06
Reports Resilient FY 2025 Earnings Amid Revenue Decline, Debt Restructuring and Improved Asset Quality
Revaluation based on Audited FY2025 Analyst: Qudus Adebara (Research Analyst, DLM Securities) Executive Summary Oando Plc delivered a resilient financial performance for the year ended December 31, 2025, despite a challenging operating environment characterized by lower trading revenues, elevated financing costs, and a negative shareholders' equity position. Group revenue declined by 22.2% to ₦3.18 trillion from ₦4.09 trillion in FY 2024, reflecting lower trading activity and changes in the Group's revenue mix.Narrative Update • Apr 19
Oando PLC – NEPL/Oando JV Delivers 60MW Gas-Fired IPP in Bayelsa
Author: Qudus Adebara (Research Analyst, DLM Capital Group) Oando PLC has announced the successful delivery of a 60-megawatt Independent Power Plant (IPP) in Yenagoa, executed through its upstream joint venture with NNPC E&P Limited (NEPL). The project was officially commissioned by Bola Ahmed Tinubu on April 10, 2026, marking a significant milestone in Nigeria’s gas-to-power development.Narrative Update • Apr 16
Oando Plc Reports Volatile FY 2025 Performance as Revenue Declines but Profitability Supported by Impairment Reversals and Tax Credits
Analyst: Qudus Adebara Executive Summary Oando Plc delivered a mixed and highly volatile performance for the twelve months ended 31 December 2025. Group revenue declined by 21.4% YoY to ₦3.21 trillion (FY 2024: ₦4.09 trillion), reflecting weaker trading volumes in the Supply & Trading segment and pressure across energy markets.Narrative Update • Apr 07
Oando Plc – Execution of PSC for Block KON 13 Marks Strategic Entry into Angola’s Upstream Sector
Author: Qudus Adebara (Research Analyst, DLM Capital Group) Oando Plc has executed a Production Sharing Contract (PSC) for Block KON 13 with the Angolan National Agency for Petroleum Gas and Biofuels (ANPG), marking a major milestone in its expansion into Angola’s upstream oil and gas sector. The agreement formalises Oando’s participation in the exploration and development of the block, located in the onshore Kwanza Basin, and represents the company’s first operated international upstream joint venture.Narrative Update • Feb 18
Oando Plc – Proposed Rights Issue of ₦220.8 Billion to Strengthen Capital Structure
Oando Plc has formally applied to the Nigerian Exchange Limited for the approval and listing of a substantial Rights Issue valued at approximately ₦220.8 billion , marking one of the largest equity capital raises in Nigeria’s oil and gas sector in recent years. The application was submitted on Friday, 13 February 2026.Narrative Update • Feb 08
Q3 Result– Strong Earnings Rebound Driven by Upstream Gains & Finance Income Despite Revenue Contraction
Analyst: Qudus Adebara Executive Summary Oando PLC delivered a significant earnings recovery for the nine months ended September 30, 2025, supported by robust upstream production performance, disciplined cost management, and substantial net finance income. Despite top-line pressure from lower product trading volumes and margin compression, the Group returned to strong profitability, benefiting from increased crude output, improved asset utilization and favourable financial settlements.Narrative Update • Nov 11
OANDO PLC – Dangote Refinery Reshapes Market Dynamics as Oando Pauses Petrol Imports and Refocuses on Crude, Gas, and LNG Trading
Executive Summary Oando Plc navigated a turbulent downstream landscape in the first nine months of 2025 as Nigeria’s refining transformation—driven by the Dangote Refinery’s full-scale operations—reshaped the domestic fuel market. The Group recorded a 20% YoY revenue decline to ₦2.5 trillion (9M 2024: ₦3.2 trillion), primarily due to the suspension of Premium Motor Spirit (PMS) imports amid a structural shift in local fuel supply.Narrative Update • Nov 04
Oando Plc – H1 2025 Financial Review: Avoid – Until Operational Turnaround is Evident
OANDO PLC 9M 2025 RESULTS: STRATEGIC TURNAROUND GAINS TRACTION AMID REVENUE PRESSURE AND BALANCE SHEET REPAIR MOMENTUM Strategic Context Oando Plc delivered a materially improved financial performance through Q3 and the first nine months of 2025, supported by operational recovery in the upstream business, strengthened asset integration following the NAOC acquisition, and a meaningful shift in business mix toward production and export-led growth. The Group continued to navigate a structurally shifting energy landscape marked by the rise of domestic refining capacity, notably from the Dangote Refinery, which reshaped fuel import dynamics and pressured trading revenue.Shareholder Returns
| OANDO | NG Oil and Gas | NG Market | |
|---|---|---|---|
| 7D | 2.3% | 6.0% | 5.8% |
| 1Y | -29.9% | 46.9% | 91.1% |
Return vs Industry: OANDO underperformed the NG Oil and Gas industry which returned 46.9% over the past year.
Return vs Market: OANDO underperformed the NG Market which returned 91.1% over the past year.
Price Volatility
| OANDO volatility | |
|---|---|
| OANDO Average Weekly Movement | 9.4% |
| Oil and Gas Industry Average Movement | 5.2% |
| Market Average Movement | 7.9% |
| 10% most volatile stocks in NG Market | 11.4% |
| 10% least volatile stocks in NG Market | 4.0% |
Stable Share Price: OANDO's share price has been volatile over the past 3 months compared to the NG market.
Volatility Over Time: OANDO's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of NG stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1956 | 1,045 | Wale Tinubu | www.oandoplc.com |
Oando PLC, through its subsidiaries, provides energy solutions in Nigeria and internationally. The company operates through four segments: Exploration and Production; Supply and Trading; Mining and Infrastructure Development; and Corporate and Others. It explores and produces oil and gas; trades in crude, refined, and unrefined petroleum products; and explores for and mines solid minerals.
Oando PLC Fundamentals Summary
| OANDO fundamental statistics | |
|---|---|
| Market cap | ₦393.87b |
| Earnings (TTM) | ₦204.01b |
| Revenue (TTM) | ₦3.18t |
1.9x
P/E Ratio0.1x
P/S RatioIs OANDO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| OANDO income statement (TTM) | |
|---|---|
| Revenue | ₦3.18t |
| Cost of Revenue | ₦3.18t |
| Gross Profit | -₦2.76b |
| Other Expenses | -₦206.77b |
| Earnings | ₦204.01b |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | 19.68 |
| Gross Margin | -0.087% |
| Net Profit Margin | 6.42% |
| Debt/Equity Ratio | -475.4% |
How did OANDO perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/09 00:47 |
| End of Day Share Price | 2026/07/09 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Oando PLC is covered by 5 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Oyekunle Omotayo-Benson | ARM Research |
| Rafal Gutaj | BofA Global Research |
| Edward Maravanyika | BofA Global Research |