Oando H1 FY26 profit after tax rises 8% to NGN 68.6 billion; revenue increases 20% to NGN 2.1 trillion
Reuters2026/08/13 16:53- Oando posted profit after tax up 8% to NGN 68.6 billion, EPS climbed 60% to NGN 8.
- Revenue rose 20% to NGN 2.1 trillion, gross profit jumped to NGN 101 billion.
- Operating results swung to profit of NGN 127.8 billion, cash generated from operations turned positive at NGN 179.5 billion.
- Average production increased 16% to 42,789 boepd, production opex fell 18% to $16.83/boe.
- Guidance maintained at 40,000-50,000 boepd, traded crude outlook revised to 22-26 MMbbls; targeting about 50,000 boepd in 2026.
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