Oando Posts ₦204.8 Billion Profit as Production Rises 32% Despite Lower Revenue

Oando Plc recorded a profit after tax of ₦204.8 billion for the financial year ended December 31, 2025. Despite weaker revenue of ₦3.18 trillion due to trading strategy changes, the indigenous energy company benefited from a 32 percent increase in crude oil and gas production, stronger operating cash flow, and improved liquidity.