₦airaland Forum

Streetinvestor2:
It is your money if you like go carry olosho with it.How e take concern anymore

yok:
TARGET TECHNICAL ASSESSMENT OF OANDO 2025 RESULT!!!
**TARGET TECHNICAL ANALYSIS CAUCUS STOCK PICKS **
QUICK ANALYSIS OF OANDO 2025 FINANCIALS
The handwriting on the wall is "Caveat Emptor"

Oando PLC Full Year 2025 Group Financial Statement Analysis
​Financial Summary Table:
​Item CURRENT (2025) % CHANGE
Gross Earnings NGN 3.21 Trillion -21.4%
Profit After Tax NGN 241.30 Billion +9.6%
Dividend (Proposed) Nil 0.0%
Earnings Per Share NGN 30.00 +66.7%

​Analysis of Salient Points:
​Revenue and Top-Line Contraction The Group recorded a 21.4% decline in revenue, dropping to NGN 3.21 trillion from NGN 4.09 trillion in 2024. This drop was primarily caused by a reduction in lower-margin trading operations in the downstream sector, which fell by 26% from NGN 3.69 trillion to NGN 2.72 trillion. This contraction reflects shifts in Nigeria's domestic refined-product supply landscape, particularly following the scale-up of local refining capacity.
​Upstream Production Growth The upstream business served as a primary operational anchor. Total production grew by 32% year-on-year to an average of 32,482 barrels of oil equivalent per day (boepd), driven by the full consolidation of the Nigerian Agip Oil Company (NAOC) Joint Venture interest and enhanced asset integrity. Crude oil liftings climbed 30%, and gas sales volumes rose by 59%.

​Core Operating Weakness and Non-Operating Support While the bottom line grew, core operating profit fell sharply by 91% to NGN 50.2 billion, down from NGN 569.7 billion in 2024. This contraction was driven by an 82% decline in gross profit alongside rising production costs. The final positive net profit was heavily supported by non-operating factors, including substantial impairment reversals and NGN 226.1 billion in favorable tax credits.

​Balance Sheet and Capital Structure The balance sheet continues to face structural strain, characterized by negative equity due to total liabilities exceeding total assets. However, liquidity showed positive momentum, with cash and bank balances expanding by 71% to approximately NGN 380 billion, driven by stronger financing inflows and asset optimization. Capital expenditure rose significantly to NGN 101.9 billion to support upstream facility enhancements.

​Investor Verdict: Mixed, but Operationally Better positioned for the Long Term.

​For an investor, the Group Financial Statement for December 2025 presents a mixed outcome but leans operationally better regarding long-term structural positioning compared to 31 December 2024.

​Why it is better:
The bottom-line profitability rose by nearly 10%, driving a 66.7% expansion in Earnings Per Share. More importantly, the core business model is successfully shifting from high-volume, low-margin refined-product trading to high-margin upstream exploration and production. This transition is validated by the 32% volume growth in daily output.
​Why caution is required:

**The quality of the 2025 earnings remains low because the net profit was heavily reliant on tax credits and accounting adjustments rather than operating cash generation**. The persistent negative equity and high finance costs mean that capital restructuring plans, debt conversions, and upcoming equity raises remain critical variables for long-term balance sheet stability.

Based on our expected performance, the result is a failure, dispalying stock as high risk.

searchng4love:
Ordinary shareholders rarely win during structural cleanups of companies with heavy balance sheet baggage.

searchng4love:
Far from new, that coy will be sold off.

Streetinvestor2:
The failed government has set poor standard for everything which equally affected the national team.Was it not obvious in thr performance. Who is interested in party.We are only interested in the calibre of the candidate. And planting moles to destabilise the parties we equally know.Even with 31 governors they still trying to use the corrupt judiciary to stop him contesting. What are they afraid of in free and fair election if they feel they have performed. If they had performed. They won't have even bothered campaigning for second term like it is playing out for some governors in some state

mikeapollo:
Don't be in a rush to type what you may not know.
BCC was almost dead when Dangote Cement bought it. Today, the shareholders have become multi-millionaires.
If you are experienced enough in this hustle, you would know that oil and gas upstream companies don't go for peanuts! It is not like a bakery business:
Watch out and pray to be in companies in these sectors when they are being sold to a reputable buyers:

Cement
Oil and gas (upstream)
Brewery
Telecomm (you recall how AIRTEL bought a struggling Econet)?

searchng4love:
Based on our expected performance, the result is a failure, dispalying stock as high risk.

pluto09:
Oando is technically insolvent at present.
The equity situation got worse with the last AFS.
Cash injection is needed urgently for the company to survive.

searchng4love:
I hear you.... When it's sold off, I'll be on the buying side. Until then got no farthing to spend on a technical insolvent, negative equity and deranged management company.

ositadima1:
You buy a property worth ₦100 million with a ₦90 million bank loan. You put in ₦10 million of your own money. Your equity is ₦10 million.

But the interest on the loan keeps adding up. Every year you don't pay it off completely, the bank adds more to what you owe. After a few years, your ₦90 million loan has grown to ₦130 million because of interest.

Today, the property could generate ₦300 million in rental income or maybe more over its lifetime.

But on your balance sheet, the property is still recorded at ₦100 million (what you originally paid). The loan is now ₦130 million (what you owe). Your equity is now -₦30 million.

ositadima1:
I told you guys that when money comes back, it won't announce itself. Maybe we're still too early to judge, but a look at the amount of money actually moving these stocks will tell us more. If it's just ₦150 million doing all this, then we're not in the clear yet.

yMcy56:
Lol.
This phrase also caught my attention and was about replying on it when I saw this post.

I honestly don't know what made Yok to conclude that the result was a failure!
Failure as how?
Minimal Reduction in revenue in 2025 compared to 2024, Yes.......but did the company made profit? YES!

Concerning this concern:
"The persistent negative equity and high finance costs mean that capital restructuring plans, debt conversions, and upcoming equity raises remain critical variables for long-term balance sheet stability".
This is what has been identified long before now, and in which the company OANDO is working on fund raising to address it.....
Request re-submitted to SEC and awaiting approval.....

I hope they step up actions on addressing the negative equity so the company can at least breathe! 😊

This is my personal opinion..

yMcy56:
DANGCEM now trading at day's high, 980.10 ....
Needs 100k to move +10% for today.....

OANDO needs to move above the RI price too.....
Na Wale dey still full himself...
He knows how he moved it from 8 to 90....
Don't know why he's not employing same tactics to move it above 130/150 and fix RI price @100 😊

crownprince2017:
I told that beron that all those technical jargons will not hold as it was just a normal pull back last week, I said market will close positive this month.

Nobody love making money slowly but people that does win in the long run.

Odunharry:
In other news..

yMcy56:
...ARADEL officially moved up +9%+
Now @1403.10! 😊

yMcy56:
DANGCEM now trading at day's high, 980.10 ....
Needs 100k to move +10% for today.....

OANDO needs to move above the RI price too.....
Na Wale dey still full himself...
He knows how he moved it from 8 to 90....
Don't know why he's not employing same tactics to move it above 130/150 and fix RI price @100 😊

KarlTom:
Is Financial Reporting Council of Nigeria (FRCN) also holding the Q1 '26 of OandO

leo1234:
I saw Tantalizers @3.6 last week and quickly sold some of my chams @4.22 to add more Tantalizers but the reversal was too fast.
I have used some of the cash to buy NAHCO at 135 and will add more tomorrow if it dips further.

Good luck to those waiting for Aradel at sub 1000 and tip @15.

mikeapollo:
Wale should just sell off Oando to Dangote....you go see how peoples' opinions and projections go change overnight!

Evnne:
Please, I have a problem. How and who do I contact about my Sukuk 2027, which was supposed to be paid on June 16th but still hasn't been? I emailed Stanbic brokers, through whom I bought it, but they keep telling me CSCS will pay and have refused to explain the delay. Any help would be appreciated.