Oando PLC 2025 Audited Financial Statements Update
Oando PLC has filed an update informing shareholders that its Board of Directors has approved the 2025 Audited Financial Statements and submitted them to the Financial Reporting Council of Nigeria for regulatory review. The company expects to publish the audited accounts on or before June 12, 2026, followed by its Q1 2026 Unaudited Financial Statements by June 30, 2026.
Oando PLC, Nigeria's indigenous energy company listed on the Nigerian Exchange Limited (NGX) and the Johannesburg Stock Exchange (JSE), released a corporate update on May 29, 2026, regarding the status of its delayed 2025 Audited Financial Statements (2025 AFS).
According to the filing, the Board of Directors has now formally approved the 2025 AFS, and management has submitted the statements to the Financial Reporting Council of Nigeria (FRCN) for final regulatory review, as required under applicable statutory obligations.
The company stated that formal publication of the 2025 AFS will proceed only after regulatory clearance is received from the FRCN. This publication process is expected to be completed on or before June 12, 2026. Following that, Oando indicated it intends to release its Q1 2026 Unaudited Financial Statements on or before June 30, 2026.
The company referenced a prior announcement in which it had disclosed a delay in publishing the 2025 AFS, though no specific reasons for the original delay were stated in this update. Oando also made no financial figures available in this particular filing. The announcement was signed off by Chief Compliance Officer and Company Secretary, Mrs. Folasade Ibidapo-Obe.
