Oando Gains 19% as Investors Shift Attention to Energy Stock
Oando Plc saw a 19% rise in its stock price over the past five trading sessions, as energy stocks drew increased investor interest amid ongoing geopolitical conflicts.
Data from the Nigerian Exchange indicated that Oando Plc’s share price climbed to N49.70 by the end of trading on Friday, with investors exchanging 10.096 million units valued at N503.605 billion.
Throughout this period, the company’s share price fluctuated between N41.80 and N50.25, illustrating varying investor sentiment despite widespread bargain hunting in the local market.
The market capitalisation of Oando Plc, which has 12.431 billion outstanding shares, rose to N617.841 billion, according to the Nigerian Exchange.
Given the significant rise in global energy costs, analysts foresee a sharp increase in oil prices per barrel, which could positively impact Oando’s revenue in the first quarter of 2026.
As one of Nigeria’s leading indigenous energy companies, Oando operates across oil and gas exploration, production, trading, and infrastructure development.
In 2025, Oando reported revenues of ₦3.21 trillion, a 21.38% decline from ₦4.09 trillion in 2024, driven by lower trading volumes and lower realised prices in some key crude and product trading segments.
The group’s pretax profit plummeted by 96.04% year-on-year, from ₦383.82 billion in 2024 to ₦15.20 billion in 2025, primarily due to weakened operational fundamentals driven by volatility in derivative-linked income.
Despite the drop in pretax profit, the company’s net income rose by 9.63% to ₦241.31 billion, bolstered by a substantial tax credit of ₦226.11 billion recorded for the period. Earnings per share (EPS) improved from ₦18 to ₦30, reflecting a 66.67% increase.
The group’s performance underscored a year marked by high earnings volatility, characterised by significant fair-value losses, reduced margins, and considerable fluctuations in non-operational income.
Despite the substantial decline in operating profit and pretax earnings, the company achieved a healthy profit after tax due to impairment reversals and the large tax credit.
PAC Capital told investors in a post-earnings commentary note that Oando’s balance sheet risks remain pronounced with negative shareholders’ equity and a rising liability burden.
“From an investment standpoint, Oando presents a high-risk, high-volatility profile, with earnings quality heavily dependent on non-recurring items.
“A clearer path to operational stability, deleveraging, and sustainable margin recovery will be key to improving investor confidence”, PAC Capital told clients in a commentary note. Stanbic IBTC Hits 52-Week High in Fresh Rally
