Oando Plc - Intelpoint

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Key Takeaways:

Aradel Holdings led with ₦247.79 billion in PAT, marking a 361% year-on-year growth.
Oando and Seplat Energy followed with ₦220.12 billion and ₦214.25 billion in PAT, respectively.
Eterna Plc recorded a significant turnaround with 114% year-on-year growth, recovering from a loss in 2023.
The sector experienced widespread profitability gains, reflecting stronger market dynamics and operational improvements.
Profit after tax growth across the sector ranged from 15% to 361%.
Nigeria's oil & gas sector delivered a combined profit totalled ₦730 billion in 2024.

Key Takeaways:

Seplat Energy recorded the highest EPS in 2024 at ₦385.61, up from ₦92.75 in 2023.
Aradel Holdings posted the strongest growth, with a 361% increase in EPS from ₦12.37 to ₦57.03.
Eterna PLC reversed its negative EPS in 2023, reporting ₦1.03 in 2024.
All listed companies reported positive earnings in 2024, compared to 2023.
Three companies grew their EPS by more than 200%.

Key Takeaways:

Despite recent gains, Oando Plc's earnings before tax have declined by 222% over the past decade.
Major losses occurred in 2019 and 2020, with a rebound in 2021 and 2023.
The company demonstrated remarkable resilience by recovering to ₦103 billion profit in 2023.
The earnings before tax in 2024 fell by 54% from 2023.
The year-on-year growth rate from 2015 to 2024 was shown to be negative despite recording ₦47.8 billion in 2024, as against -₦39.1 billion in 2015.

Key takeaways:

Despite a profit after tax record of ₦65.5 billion in 2024, Oando Plc recorded a negative growth rate from 2015.
The company faced significant profit losses for several years, with notable improvements in 2021 and 2024.
Profit after tax fluctuated, with a notable improvement in 2024, reaching ₦65.49 million.
The year-on-year growth rate of 148% in 2022 indicates great market positioning.
From ₦477.1 billion in 2020 to ₦4.1 trillion in 2024, Oando Plc's revenues increased by 764%.