Oando Q1 FY26 profit drops 66.87% to NGN 37.46 billion

Reuters2026/07/31 12:59

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Oando posted profit of NGN 37.46 billion for the three months ended March 31, down 66.87% year on year.
Revenue rose 6.11% to NGN 989.54 billion, while operating loss narrowed to NGN 2.8 billion from NGN 120.34 billion.
Gross profit fell 53.73% to NGN 30.44 billion, while net finance costs were NGN 74.77 billion versus net finance income a year earlier.
Profit attributable to equity holders was NGN 38.05 billion, down 65.81%, with basic earnings per share at NGN 4.
The group recorded a NGN 116.8 billion tax credit from reversing provisions for Companies Income Tax for 2023-2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Oando plc published the original content used to generate this news brief on July 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Oando Q1 FY26 profit drops 66.87% to NGN 37.46 billion

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