FilingReader Intelligence

Oando reports N1.7tn revenue despite 15% decline

August 1, 2025 at 09:00 PM UTCBy FilingReader AI

Oando PLC reported N1.7 trillion revenue for H1 2025, down 15% year-on-year despite production volumes surging 63% to 37,012 boepd. The company recorded an operating loss of N158.7 billion due to fair value losses.

The oil firm completed $375 million refinancing and appointed Ayotola Jagun as executive director.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

JSE:UNTPJohannesburg Stock Exchange

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