Oando awaits regulatory nod to publish 2025 results

Oando Plc, Nigeria’s leading indigenous energy group, has announced that it is awaiting final regulatory clearance from the Financial Reporting Council of Nigeria to publish its 2025 Audited Financial Statements.

The company, which is dual-listed on the Nigerian Exchange Limited and the Johannesburg Stock Exchange, disclosed this corporate update on Monday, 15 June 2026, following queries regarding delays in its financial reporting timelines.

According to the management, the group’s Board of Directors has already approved the 2025 audited accounts and subsequently submitted the documents to the FRCN.

 However, the mandatory regulatory review process is still being finalised by the apex accounting watchdog.

In a corporate statement signed by the management, the energy firm explained that it was working closely with the federal regulators to accelerate the conclusion of the compliance checks.

“The review process remains ongoing. The company continues 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,” the company stated.

The statement further outlined the subsequent reporting sequence the energy firm will follow once the federal regulators grant final sign-off, saying, “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.”

Amid the regulatory wait, the indigenous energy giant assured its domestic and international shareholders, capital market operators, and institutional investors that it remains aligned with rigid transparency rules.

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

“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”, it added.

Market analysts note that delayed filings often trigger caution among capital market investors on the NGX. However, Oando’s proactive disclosure regarding the pending FRCN clearance is expected to sustain market confidence while the compliance reviews are wrapped up.