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Africa Oil
(TSX:AOI)
Africa Oil (AOI) vs. S&P 500 (SPY)
Africa Oil Business Overview & Revenue Model
Africa Oil Financial Statement Overview
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| 0.00 | 0.00 | 0.00 | 0.00 | -546.00K | EBIT |
| 86.90M | 111.40M | 208.85M | 227.34M | -17.11M | EBITDA |
| -31.90M | -27.00M | 197.60M | 227.34M | -11.28M | Net Income Common Stockholders |
| 87.10K | -57.90M | -54.28M | -287.31M | -143.20M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 232.00M | 199.30M | 58.51M | 38.74M | 329.46M | Total Assets |
| 966.20M | 917.70M | 991.62M | 910.50M | 812.30M | Total Debt |
| 0.00 | 0.00 | 0.00 | 141.69M | 3.27M | Net Debt |
| -232.00M | -199.30M | -58.51M | 102.95M | -326.20M | Total Liabilities |
| 71.60M | 87.10M | 43.56M | 156.21M | 45.60M | Stockholders Equity |
| 894.60M | 830.60M | 948.06M | 754.29M | 766.70M |
| Cash Flow | Free Cash Flow | |||
| -53.30M | -16.30M | -14.79M | -5.43M | -4.59M | Operating Cash Flow |
| -53.30M | -16.30M | -10.21M | -5.35M | -4.48M | Investing Cash Flow |
| 114.70M | 220.20M | 187.70M | -394.27M | -35.13M | Financing Cash Flow |
| -29.10M | -63.20M | -159.12M | 110.64M | -1.22M |
Africa Oil Technical Analysis
Africa Oil Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | C$918.89M | 8.37 | 11.78% | 12.61% | 3.79% | 3.87% | |
75 Outperform | $1.39B | 6.91 | 29.87% | 7.08% | 20.48% | 21.66% | |
69 Neutral | C$1.07B | 13.36 | 3.20% | 14.00% | -5.80% | -87.18% | |
63 Neutral | $1.35B | ― | -1.59% | 5.68% | -1.72% | 79.87% | |
61 Neutral | C$2.25B | 17.30 | 10.02% | ― | -5.71% | -37.55% | |
56 Neutral | $7.00B | 3.44 | -4.86% | 5.89% | -0.09% | -48.37% | |
45 Neutral | $1.24B | ― | -38.67% | 4.72% | ― | -438.52% |
Africa Oil Earnings Call Summary
Africa Oil Corporate Events
Africa Oil Corp. announced an update on its share capital and voting rights following the issuance of 762,907 common shares. This issuance was part of a residual settlement of performance share units linked to the consolidation of Prime Oil & Gas Coöperatief U.A shareholding. As of April 30, 2025, Africa Oil has 675,436,334 common shares issued and outstanding. This update reflects the company’s strategic consolidation efforts and may have implications for its market positioning and shareholder engagement.
Spark’s Take on TSE:AOI Stock
According to Spark, TipRanks’ AI Analyst, TSE:AOI is a Underperform.
Africa Oil faces significant financial challenges with a lack of revenue and negative cash flows, impacting its sustainability. While strategic developments and a high dividend yield offer some positives, the overall financial distress and technical weakness weigh heavily on the score.
To see Spark’s full report on TSE:AOI stock, click here.
Africa Oil Corp. has updated its share capital and voting rights following the issuance of over 239 million common shares to BTG Pactual Oil & Gas and the settlement of share units, resulting in a total of 674,673,427 common shares with voting rights as of March 31, 2025. The company has also announced its Annual General Meeting of Shareholders will take place on June 12, 2025. These changes reflect Africa Oil’s ongoing strategic consolidation efforts and may influence shareholder dynamics and market perception.
Africa Oil Corp. has completed a significant amalgamation with Prime Oil & Gas, consolidating its shareholding and declaring a quarterly dividend of USD 25 million as part of an enlarged base dividend policy. This strategic move is expected to double the company’s reserves and production, strengthen its balance sheet, and enhance its capacity for shareholder returns. The company aims to leverage its increased scale and financial strength to pursue growth opportunities, positioning itself as a leading full-cycle exploration and production company. The introduction of BTG Pactual Oil & Gas as a major shareholder is anticipated to further support Africa Oil’s strategic objectives and capital allocation.
Africa Oil Corp. has announced the results of its share buyback program, repurchasing a total of 882,000 common shares between February 24 and February 28, 2025. The repurchases were conducted on both the Toronto Stock Exchange and Nasdaq Stockholm. This initiative is part of a broader plan announced in December 2024, allowing for the repurchase of up to 18,362,364 shares over a twelve-month period. The cancellation of repurchased shares has resulted in a total of 433,296,117 common shares with voting rights as of February 28, 2025. This move is expected to impact the company’s market positioning by potentially increasing shareholder value and optimizing capital structure.
Africa Oil Corp. has published its 2024 Annual Filings Document, which is now available for download on the company’s website. This release is part of the company’s compliance with the Swedish Markets Act and reflects its ongoing commitment to transparency and regulatory adherence. The publication of these filings may impact stakeholders by providing insights into the company’s financial health and strategic direction.
Africa Oil Corp. announced its 2024 fourth quarter and full-year financial results, highlighting a transformative year with strategic initiatives that strengthened its business proposition. The company is set to complete the consolidation of Prime Oil & Gas, which will enhance its scale and financial strength, allowing for increased shareholder returns. The reorganization is expected to double reserves and production, enabling Africa Oil to significantly increase its annual dividend distribution. The company returned a record $67.9 million to shareholders in 2024 and plans to continue this trend with a robust cash balance and strategic investments in the Namibian Orange Basin.
Africa Oil Corp. has announced the results of its recent share buyback program, which saw the company repurchasing a total of 804,400 common shares between February 17, 2025, and February 21, 2025. These repurchases, conducted on both the Toronto Stock Exchange and Nasdaq Stockholm, contribute to a cumulative total of 7,556,153 shares repurchased since December 6, 2024. This move is part of a larger initiative to buy back up to 18,362,364 shares by December 5, 2025, aiming to enhance shareholder value and optimize capital structure.
Africa Oil Corp. has published a Swedish prospectus for the trading of 239,828,655 new common shares on Nasdaq Stockholm, following an agreement with BTG Pactual Oil & Gas to consolidate their holdings in Prime Oil & Gas Coöperatief U.A. The prospectus, approved by the Swedish Financial Supervisory Authority, marks a significant step in Africa Oil’s strategic consolidation efforts, potentially enhancing its market presence and offering stakeholders new investment opportunities.
Africa Oil Corp. announced it will release its fourth quarter 2024 financial results on February 27, 2025, after the Toronto market closes. The company will also host a conference call on February 28, 2025, to discuss these results, which will impact stakeholders by providing insights into the company’s operational and financial performance, potentially affecting its market positioning.
Africa Oil Corp. has announced the repurchase of 838,300 common shares between February 10 and February 14, 2025, as part of its ongoing share buyback program. This initiative aligns with regulatory standards and involves repurchases on the Toronto Stock Exchange and Nasdaq Stockholm. All repurchased shares will be cancelled, and to date, 6,751,753 shares have been repurchased since the program’s inception. The initiative is expected to enhance shareholder value and streamline the company’s capital structure.
Africa Oil Corp. announced the repurchase of 781,753 common shares as part of its ongoing share buyback program from February 3 to February 7, 2025. The buyback, which is in accordance with international regulations and local stock exchange rules, aims to repurchase up to 18,362,364 shares by December 2025, potentially impacting shareholder value and market perception positively.