Oando records N74.65 billion pre-tax loss in 9M 2026 as finance costs hit N235.23 billion
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Nairametrics
Reported by Kelechi Mgboji
Fri, 30 Oct 2026, 19:24
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Source Attribution: Nairametrics
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Despite the pre-tax loss, Oando reported an after-tax profit of N106.45 billion, supported by an N181.10 billion income tax credit, although this was 47.12% below the N201.31 billion recorded a year earlier. Third-quarter group revenue declined by 13.2% to N712.62 billion, while pre-tax earnings swung to a N41.81 billion loss from a N165.20 billion profit.
Context & Background
✦Finance costs stood at N244.20 billion, including N218.58 billion in bank interest, while finance income declined to N8.98 billion from N368.69 billion.
Key Figures & Named Entities
2026:Oando Plc recorded a pre-tax loss of N74.65 billion for the nine months ended September 30, 2026, compared with a pre-tax profit of N19.46 billion in the corresponding period of 2025, as high net finance costs outweighed a recovery in operating profit.Friday:According to the company’s unaudited consolidated financial statements filed with the Nigerian Exchange (NGX) on Friday, October 30, 2026, revenue increased by 9.23% to N2.78 trillion from N2.54 trillion.47.12%:Despite the pre-tax loss, Oando reported an after-tax profit of N106.45 billion, supported by an N181.10 billion income tax credit, although this was 47.12% below the N201.31 billion recorded a year earlier.
Outlook & Next Steps
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Key Takeaways
Verified Extract
✦Despite the pre-tax loss, Oando reported an after-tax profit of N106.45 billion, supported by an N181.10 billion income tax credit, although this was 47.12% below the N201.31 billion recorded a year earlier.
✦Third-quarter group revenue declined by 13.2% to N712.62 billion, while pre-tax earnings swung to a N41.81 billion loss from a N165.20 billion profit.
✦Finance costs stood at N244.20 billion, including N218.58 billion in bank interest, while finance income declined to N8.98 billion from N368.69 billion.
Key Facts:2026: Oando Plc recorded a pre-tax loss of N74.65 billion for the nine months ended September 30, 2026, compared with a pre-tax profit of N19.46 billion in the corresponding period of 2025, as high net finance costs outweighed a recovery in operating profit.Friday: According to the company’s unaudited consolidated financial statements filed with the Nigerian Exchange (NGX) on Friday, October 30, 2026, revenue increased by 9.23% to N2.78 trillion from N2.54 trillion.47.12%: Despite the pre-tax loss, Oando reported an after-tax profit of N106.45 billion, supported by an N181.10 billion income tax credit, although this was 47.12% below the N201.31 billion recorded a year earlier.2026: Julius Berger’s cashew and regional expansion unit loses N25.8 billion in 9M 2026 NGX market cap adds N140.55 billion to hit N165.11 trillion all-time highNestlé Nigeria to sell waters, premium beverages unit to new entity However, net finance costs reached N235.23 billion, compared with net finance income of N128.01 billion in the corresponding period of 2025, pushing the group into a pre-tax loss.
Editorial Excerpt
Oando Plc recorded a pre-tax loss of N74.65 billion for the nine months ended September 30, 2026, compared with a pre-tax profit of N19.46 billion in the corresponding period of 2025, as high net finance costs outweighed a recovery in operating profit.
Frequently Asked Questions About This Story
What is the key takeaway from this report?
Despite the pre-tax loss, Oando reported an after-tax profit of N106.45 billion, supported by an N181.10 billion income tax credit, although this was 47.12% below the N201.31 billion recorded a year earlier.
What additional context is highlighted in this report?
Third-quarter group revenue declined by 13.2% to N712.62 billion, while pre-tax earnings swung to a N41.81 billion loss from a N165.20 billion profit.
What timeline or key figures were confirmed?
Oando Plc recorded a pre-tax loss of N74.65 billion for the nine months ended September 30, 2026, compared with a pre-tax profit of N19.46 billion in the corresponding period of 2025, as high net finance costs outweighed a recovery in operating profit.
