Oando’s 9M post-tax profit reaches N106.45 billion as revenue rises to N2.78 trillion
AI Executive Briefing
Verified Synthesis~100s readOando Plc reported an after-tax profit of N106.45 billion for the nine months ended September 30, 2026, compared with N201.31 billion in the corresponding period of 2025, as revenue increased by 9.23% to N2.78 trillion. Net finance costs: N235.23 billion (Compared with net finance income of N128.01 billion in 9M 2025) Profit after tax: N106.45 billion (Down 47.12% YoY from N201.31 billion).
Context & Background
- ✦The group recorded a strong operating recovery, with operating profit reaching N159.69 billion from a loss of N109.73 billion a year earlier, supported by higher gross profit and improved upstream performance.
Key Figures & Named Entities
2026:Oando Plc reported an after-tax profit of N106.45 billion for the nine months ended September 30, 2026, compared with N201.31 billion in the corresponding period of 2025, as revenue increased by 9.23% to N2.78 trillion.Friday:According to the company’s unaudited consolidated financial statements filed with the Nigerian Exchange (NGX) on Friday, October 30, 2026, revenue rose from N2.54 trillion in the corresponding period of 2025.2025:However, net finance costs of N235.23 billion pushed the company into a pre-tax loss of N74.65 billion, compared with a pre-tax profit of N19.46 billion in 2025.
Outlook & Next Steps
Follow original publisher reporting for subsequent developments, official responses, and verified updates.
Key Takeaways
Verified Extract- Oando Plc reported an after-tax profit of N106.45 billion for the nine months ended September 30, 2026, compared with N201.31 billion in the corresponding period of 2025, as revenue increased by 9.23% to N2.78 trillion.
- Net finance costs: N235.23 billion (Compared with net finance income of N128.01 billion in 9M 2025) Profit after tax: N106.45 billion (Down 47.12% YoY from N201.31 billion).
- The group recorded a strong operating recovery, with operating profit reaching N159.69 billion from a loss of N109.73 billion a year earlier, supported by higher gross profit and improved upstream performance.
Key Facts:2026: Oando Plc reported an after-tax profit of N106.45 billion for the nine months ended September 30, 2026, compared with N201.31 billion in the corresponding period of 2025, as revenue increased by 9.23% to N2.78 trillion.Friday: According to the company’s unaudited consolidated financial statements filed with the Nigerian Exchange (NGX) on Friday, October 30, 2026, revenue rose from N2.54 trillion in the corresponding period of 2025.2025: However, net finance costs of N235.23 billion pushed the company into a pre-tax loss of N74.65 billion, compared with a pre-tax profit of N19.46 billion in 2025.262.5%: Why OPay IPO sale was halted after debut on NYSEUAC’s 9M pre-tax profit jumps 262.5% to N37.69bn as revenue triplesNAHCO’s nine-month pre-tax profit rises 18.39% to N21.24 billion Despite the pre-tax loss, Oando remained profitable after tax, supported by an N181.10 billion income tax credit, although net earnings declined by 47.12% year-on-year.
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 latest development regarding Bola Ahmed Tinubu?
Oando Plc reported an after-tax profit of N106.45 billion for the nine months ended September 30, 2026, compared with N201.31 billion in the corresponding period of 2025, as revenue increased by 9.23% to N2.78 trillion.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include Bola Ahmed Tinubu.
What timeline or key figures were confirmed?
Oando Plc reported an after-tax profit of N106.45 billion for the nine months ended September 30, 2026, compared with N201.31 billion in the corresponding period of 2025, as revenue increased by 9.23% to N2.78 trillion.
