Oando PLC

NGSE:OANDO Stock Report

Market Cap: ₦773.3b

Oando Dividends and Buybacks

Dividend criteria checks 0/6

Oando does not currently pay a dividend.

Key information

0%

Dividend yield

n/a

Buyback Yield

Total Shareholder Yieldn/a
Future Dividend Yieldn/a
Dividend Growthn/a
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Payout ratio0%

Recent dividend and buyback updates

No updates

Recent updates

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.

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: Insufficient data to determine if OANDO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if OANDO's dividend payments have been increasing.


Dividend Yield vs Market

Oando Dividend Yield vs Market
How does OANDO dividend yield compare to the market?
SegmentDividend Yield
Company (OANDO)0%
Market Bottom 25% (NG)1.1%
Market Top 25% (NG)3.5%
Industry Average (Oil and Gas)4.2%
Analyst forecast (OANDO) (up to 3 years)n/a

Notable Dividend: Unable to evaluate OANDO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate OANDO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Earnings Payout to Shareholders

Earnings Coverage: OANDO is not paying a notable dividend for the NG market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as OANDO has not reported any payouts.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/13 09:39
End of Day Share Price 2026/06/11 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

AnalystInstitution
Oyekunle Omotayo-BensonARM Research
Rafal GutajBofA Global Research
Edward MaravanyikaBofA Global Research