Oando PLC (JSE:OAO)

Oando Income Statement

Financials in millions NGN. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	4,103,805	4,086,651	2,845,598	1,993,754	803,460	477,070
Revenue Growth (YoY)	27.31%	43.61%	42.73%	148.15%	68.42%	-17.26%
Cost of Revenue	3,893,900	3,930,763	2,760,578	1,915,160	761,934	436,627
Gross Profit	209,904	155,888	85,020	78,594	41,526	40,444
Selling, General & Admin	538,109	610,859	261,354	82,172	106,367	92,297
Other Operating Expenses	310,381	-6,595	-3,452	6,112	-1,587	-28,769
Operating Expenses	734,069	675,868	265,041	101,276	-114,423	112,039
Operating Income	-524,164	-519,980	-180,021	-22,682	155,949	-71,596
Interest Expense	-266,893	-240,152	-103,311	-96,891	-78,240	-69,100
Interest & Investment Income	188,571	47,197	16,903	15,773	44,081	9,251
Earnings From Equity Investments	2,777	2,777	1,150	-824.83	146.12	312.38
Currency Exchange Gain (Loss)	73,014	305,987	388,021	32,907	14,122	12,665
Other Non Operating Income (Expenses)	4,316	4,316	-30,271	9,768	-114,619	-17,980
EBT Excluding Unusual Items	-522,380	-399,854	92,470	-61,950	21,440	-136,447
Gain (Loss) on Sale of Investments	268.78	283.16	79.1	5.02	8,676	3.57
Gain (Loss) on Sale of Assets	-	-	-	-	-	0.06
Asset Writedown	3,135	3,135	7,611	1,010	302	330
Other Unusual Items	779,820	780,193	1,994	-1,573	14,056	-
Pretax Income	260,911	383,820	102,978	-61,840	44,474	-134,283
Income Tax Expense	-12,920	163,700	42,701	19,390	11,615	6,392
Earnings From Continuing Operations	273,832	220,120	60,277	-81,231	32,859	-140,674
Net Income to Company	273,832	220,120	60,277	-81,231	32,859	-140,674
Minority Interest in Earnings	2,854	4,736	1,719	2,512	2,959	22,525
Net Income	276,685	224,856	61,996	-78,719	35,817	-118,149
Net Income to Common	276,685	224,856	61,996	-78,719	35,817	-118,149
Net Income Growth	85.80%	262.69%	-	-	-	-
Shares Outstanding (Basic)	13,467	13,467	13,467	14,590	14,590	14,590
Shares Outstanding (Diluted)	13,467	13,467	13,467	14,590	14,590	14,590
Shares Change (YoY)	-	-	-7.69%	-	-	-
EPS (Basic)	20.54	16.70	4.60	-5.40	2.45	-8.10
EPS (Diluted)	20.54	16.70	4.60	-5.40	2.45	-8.10
EPS Growth	85.80%	262.69%	-	-	-	-
Free Cash Flow	-1,146,741	-553,806	102,753	-62,620	-66,636	-70,283
Free Cash Flow Per Share	-85.15	-41.12	7.63	-4.29	-4.57	-4.82
Gross Margin	5.12%	3.82%	2.99%	3.94%	5.17%	8.48%
Operating Margin	-12.77%	-12.72%	-6.33%	-1.14%	19.41%	-15.01%
Profit Margin	6.74%	5.50%	2.18%	-3.95%	4.46%	-24.77%
Free Cash Flow Margin	-27.94%	-13.55%	3.61%	-3.14%	-8.29%	-14.73%
EBITDA	-450,904	-456,230	-117,798	15,219	175,976	-19,850
EBITDA Margin	-10.99%	-11.16%	-4.14%	0.76%	21.90%	-4.16%
D&A For EBITDA	73,261	63,750	62,224	37,901	20,027	51,746
EBIT	-524,164	-519,980	-180,021	-22,682	155,949	-71,596
EBIT Margin	-12.77%	-12.72%	-6.33%	-1.14%	19.41%	-15.01%
Effective Tax Rate	-	42.65%	41.47%	-	26.12%	-

Updated Jan 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.