Slide 1: H1 2025 Results Presentation
H1 2025 RESULTS PRESENTATION 31 July 2025
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Oando PLC (“Oando” or “the Company”) solely for informational purposes and does not constitute an offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities in Oando or any of its subsidiaries
Slide 3: Oando Today
Oando Today A TRULY INDIGENIOUS NIGERIAN ENERGY PLAYER Johannesburg Stock Exchange Exploration & Production Trading Clean Energy Oando Mining Experienced international Holistic Renewable Energy A portfolio of high-value Leading indigenous Oil & Gas commodities supply and bitumen exploration producer
Slide 4: Strategic Focus
Strategic Focus Optimise our Drive growth of Diversify our Position for capital structure our existing revenue streams energy transition business Reduce debt through Increase production and Monetise gas, including Scale clean energy footprint capital raise and debt: infrastructure uptime LNG opportu
Slide 5: H1 2025 – Oando Group Highlights
H1 2025 – Oando Group Highlights Group production rose 63% to 37,012 boepd, driven by NAOC consolidation and improved asset Upstream uptime. Expansion $375 million RBL facility secured to accelerate monetisation of 1 billion boe upstream portfolio. & Integration LTIF of 0.00; recorded 13.6 million L
Slide 6: H1 2025 Performance at a glance
H1 2025 Performance at a glance 2P Reserves Production Crude oil traded Refined products 983 MMboe 37,012boepd 10,479bbls 95% 63% 77 % 0 H1 2024: 505 MMboe H1 2024: 22,710 boepd H1 2024: 5,928 bbls H1 2024: 452 kMT Revenue Profit After Tax Cash CAPEX N 1.72Trn N 63 Bn N 228 Bn N 44 Bn 15% 1% 47% 144%
Slide 7: YTD June Key ESG Metrics
YTD June Key ESG Metrics GAS FLARING LTIF BOARD INDEPENDENCE 6,276 Mmscfd 0.00 60% EMPLOYEE GHG EMISSIONS BOARD DIVERSITY ENGAGEMENT 83% 30% SCORE 1665.9 tCO2e/1000Mscfd Women 7 H1 2025 Results Presentation
Slide 8: Exploration and Production
Exploration and Production 8 H1 2025 Results Presentation
Slide 9: Upstream Asset Portfolio
Upstream Asset Portfolio Lagos Nigeria OML 90 OML 56 OML 60 Group production averaged 37,012 boepd in H1 2025, up OPL 321 OML 61 Cameroon 63% year-on-year and within guidance, supported by the OPL 323 OML 62 Port Harcourt consolidation of the NAOC JV interest and improved uptime across key assets. O
Slide 10: Trading
Trading 10 H1 2025 Results Presentation
Slide 11: Trading Performance Highlights
Trading Performance Highlights Crude Volumes Traded (MMbbl) 32.8 21.8 20.7 H1 2025 Performance 16.1 17.4 14.2 14.2 12.9 Traded 14 crude oil cargos (12.9 MMbbl) in H1 2025, up from 10 cargos (10.6 MMbbl) in H1 2024, driven by stronger offtake execution. 2018 2019 2020 2021 2022 2023 2024 H1 2025 No P
Slide 12: Oando Clean Energy
Oando Clean Energy 12 H1 2025 Results Presentation
Slide 13: Clean Energy Focus
Clean Energy Focus Building a Project LightSpeed Project Cirrus $5Bn Deployment of 12,000 Electric Development of a 1 Gigawatt(GW) Vehicles (EVs) and 5,000 EV charging coastal and near shore wind farm infrastructure for mass transit systems to bolster electricity access in over the next 7 years thro
Slide 14: Clean Energy Performance Highlights
Clean Energy Performance Highlights Advancing low-carbon solutions across Nigeria Achieved 113,864 EV rides in H1 Progressed PET recycling project, 2025, avoiding 84,814 kg of CO with land acquisition finalised and a emissions via two operational e- revised contracting strategy in place buses for a 2
Slide 15: Oando Mining Limited
Oando Mining Limited 15 H1 2025 Results Presentation
Slide 16: Mining Business Performance
Mining Business Performance UNLOCKING NEW RESOURCE VALUE STREAMS Expanded Bitumen Lithium Disciplined Exploration Project Fieldwork Capital Footprint Milestone Advanced Deployment Signed Production Completed and certified Positive lithium and gold Initiated assessment Sharing Contract (PSC) ESIA for
Slide 17: Financial Performance
FINANCIAL PERFORMANCE 17 H1 2025 Results Presentation
Slide 18: Financial Summary
Financial Summary N’ Million H1 2025 H1 2024 Change Comments Reflects reduced trading activity and weaker realised prices, Revenue 1,720,796 2,030,956 (15)% despite higher upstream output In line with topline and changing business mix; improved upstream Gross profit 59,209 82,297 (28)% partly offset
Slide 19: Revenue Contribution Overview - H1 2025
Revenue Contribution Overview - H1 2025 Revenue by Segment Revenue by Product E&P Crude Oil 1.13% 0.147% Gas 0.23% 3.88% Supply &Trading 15.55% NGL 0.02% Others IPP 0.89% Pipeline income 1.00% Fuel gas income 15.87% OCEL revenues Others 84.31% 76.98% Trading accounted for 84.31%% of H1 revenues, whi
Slide 20: Outlook
OUTLOOK 20 H1 2025 Results Presentation
Slide 21: Operations Outlook and Guidance
Operations Outlook and Guidance Exploration Trading Clean Energy Oando Mining & Production Targeting 30,000 - 40,000 Broaden portfolio to tap Launch full rollout of 50 Progress select lithium assets boepd average full-year growth in African markets. electric buses and begin to small-scale production
Slide 22: Financial Outlook
Financial Outlook Financial resilience and unlocking long-term value. 2025 Priorities Outlook Cost optimisation to improve margins Full-year contribution from the NAOC and reduce overheads portfolio expected to Capital restructuring to address Drive stronger cash flows negative equity and reduce lev
Slide 23: www.oandoplc.com
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