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A delay in the publication of its 2025 Audited Financial Statements and 2026 Q1 Unaudited Financial Statements
Oando PLC
(Incorporated in Nigeria and registered as an external company in
South Africa)
Registration number: RC 6474
(External company registration number 2005/038824/10)
Share Code on the JSE Limited: OAO
Share Code on the Nigerian Stock Exchange: UNTP
ISIN: NGOANDO00002
("Oando" or the "Company")
OANDO PLC ANNOUNCES A DELAY IN THE PUBLICATION OF ITS 2025
AUDITED FINANCIAL STATEMENTS AND 2026 Q1 UNAUDITED FINANCIAL
STATEMENTS
11 March 2026
Oando PLC (referred to as "Oando" or the "Company"), Nigeria's leading indigenous energy
group listed on both the Nigerian Exchange Limited (NGX) and Johannesburg Stock
Exchange (JSE Limited), wishes to inform its shareholders and the public that, in accordance
with Rule 1.1.4 of the NGX Rulebook on the Filing of Accounts and Treatment of Default Filing,
the Company anticipates being unable to publish its 2025 Audited Financial Statements (2025
AFS) by the regulatory deadline of March 31, 2026. The Company now expects to complete
and file the 2025 AFS on or before May 30, 2026.
The delay is principally due to the ongoing migration and integration of the Company's legacy
Enterprise Resource Planning (ERP) systems, with the system inherited as part of its recent
Nigerian Agip Oil Company Limited (NAOC) acquisition. This system integration process has
necessitated extensive testing, alignment of accounting policies, harmonization of reporting
frameworks, and comprehensive mapping and consolidation of charts of accounts to ensure
consistency, accuracy, and compliance with applicable financial reporting standards.
We do not expect the delay to exceed forty-five (45) days from the original filing deadline, after
which the 2025 AFS will be presented to the Board for approval and subsequently submitted
to the Financial Reporting Council of Nigeria (FRC) for regulatory clearance prior to public
release.
As we will be unable to file the Unaudited Financial Statements for the quarter ended 30 March
2026 (2026 Q1 UFS) prior to the publication of the 2025 AFS, we expect that both the 2026
Q1 UFS and the 2025 AFS will be filed on or before 30 May 2026.
The Company remains firmly committed to the highest standards of financial reporting
integrity, transparency and timely disclosure in compliance with the Listing Rules of NGX.
We sincerely regret any inconvenience this delay may cause and appreciate the
understanding and continued support of our stakeholders.
For further information, please contact:
Adeola Ogunsemi
Chief Financial Officer
The Wings Office Complex
17a Ozumba Mbadiwe Avenue
Victoria Island,
Lagos, Nigeria.
Tel: +234 (1) 270400, Ext 6506
aogunsemi@oandoplc.com
Folasade Ibidapo-Obe
Company Secretary
The Wings Office Complex
17a Ozumba Mbadiwe Avenue
Victoria Island,
Lagos, Nigeria.
Tel: +234 (1) 270400, Ext 6012
fibidapo-obe@oandoplc.com
For: Oando PLC
Mrs. Folasade Ibidapo-Obe
Chief Compliance Officer & Company Secretary
JSE Sponsor to Oando
Questco Corporate Advisory Proprietary Limited
Date: 11-03-2026 04:06:00
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