Oando PLC 2025 Audited Financial Statements Delayed by FRCN Review
Oando PLC has filed a corporate action notice informing shareholders that its 2025 Audited Financial Statements remain unpublished pending completion of a regulatory review by the Financial Reporting Council of Nigeria. The company states that its Board has already approved the AFS and that the documents have been submitted to the FRCN, with the review process still ongoing as of 15 June 2026.
Oando PLC, listed on both the Nigerian Exchange Limited (NGX) and the Johannesburg Stock Exchange (JSE Limited), issued a corporate action notice on 15 June 2026 updating shareholders on the status of its 2025 Audited Financial Statements (AFS).
According to the filing, the Company's Board of Directors has already approved the 2025 AFS, and the statements have been submitted to the Financial Reporting Council of Nigeria (FRCN) for regulatory review. As of the filing date, that review process remains ongoing and all requisite regulatory clearances have not yet been received.
Oando disclosed that it is actively engaging with the FRCN and other relevant regulatory authorities during this period. The company confirmed that once the FRCN review is concluded and necessary approvals are obtained, it will proceed to publish the 2025 AFS. Following that publication, the company also intends to release its Q1 2026 Unaudited Financial Statements.
No financial figures, dates for completion, or reasons for the extended review period were disclosed in the filing. The Company Secretary and Chief Compliance Officer, Mrs. Folasade Ibidapo-Obe, is listed as the authorising signatory for the notice.
