Oando awaits FRCN to review 2025 audited results 

Oando Plc on Monday informed its shareholders and the investing public of Financial Reporting Council of Nigeria (FRCN) reviewing its 2025 Audited Financial Statements.

Chief Financial Officer, Oando, Adeola Ogunsemi  in a statement said  FRCN ongoing review is based on the previous announcement regarding the approval of the Company’s 2025 Audited Financial Statements  by the Board of Directors and the subsequent submission of the AFS to the FRCN for regulatory review, the review process remains ongoing.

The Nigeria’s leading indigenous energy group listed on both the Nigerian Exchange 

Limited (NGX) and the Johannesburg Stock Exchange (JSE Limited),  said it continued to engage actively with the FRCN and other relevant regulatory authorities in connection with the review process and is awaiting the completion of all requisite regulatory clearances.

“Upon the conclusion of the regulatory review process and receipt of the necessary approvals, the company will proceed with the publication of its 2025 Audited Financial Statements. Thereafter, the Company will publish its Q1 2026 Unaudited Financial Statements.

“Oando remains fully committed to maintaining the highest standards of financial reporting integrity, transparency, and regulatory compliance.

“The Company will continue to keep shareholders, regulators, and the investing public informed of 

material developments and provide updates as appropriate throughout the process.

“The Company appreciates the continued patience, understanding, and support of its shareholders, regulators, and other  stakeholders,” the statement added.