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Africa Oil Corp.

Africa Oil Corp.

AOIFF
Africa Oil Corp.US flagOther OTC
1.42
USD
+0.01
- -
959.27MMarket Cap
Africa Oil Corp.
AOIFF
(Other OTC)

Recent

price

1.42

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.6
Revenue per Share
-0.03
-0.23
-0.06
-0.1
-0.2
-0.34
-0.21
-0.04
-0.01
-0.14
-0.33
-0.04
0.4
-0.13
0.19
-0.62
0.11
Basic EPS, GAAP
-0.2
-0.23
-0.46
-1.25
-1.79
-2.85
-1.11
-0.22
-0.27
-0.2
-0.16
-0.1
-0.03
-0.04
-0.15
-0.11
0.2
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.05
0.05
0.05
0.12
Dividend per Share
-0.22
-0.66
1.2
2.09
3.26
2.43
2.33
2.03
2.02
1.86
1.52
1.47
1.89
1.63
1.8
1.03
1.3
Book Value per Share
1.99
0.17
0.47
1.08
1.68
0.04
0.14
0.97
0.99
0.87
0.75
1.2
2
1.75
1.94
1.22
1.45
Tangible Book Value per Share
45
85
193
221
263
311
406
456
457
468
471
472
473
474
462
449
606
Basic Weighted Avg Shares
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
362
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
101.6
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
1
- -
- -
- -
- -
156
Depreciation Expense
-1
-19
-11
-23
-53
-107
-87
-18
-5
-67
-157
-18
191
-60
87
-279
65
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
42.48
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
18.05
Profit Margin (%)
13
71
90
238
440
11
50
435
436
341
291
29
52
157
215
62
48
Working Capital
1
54
- -
- -
- -
- -
- -
- -
- -
- -
2
141
- -
- -
- -
3
300
LT Debt
89
111
276
520
930
797
992
977
973
922
767
754
948
831
895
549
881
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-1.95
- -
-3.7
- -
22.95
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
24.1
- -
11.81
- -
9.1
Return on Capital (%)
- -
- -
- -
-6.59
-8
-13.25
-10.24
-1.9
-0.49
-7.43
-19.76
-2.5
23.95
-7.23
10.86
-43.11
10.44
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'25
Jun'25
Sep'25
ST Debt
214
165
64
LT Borrowings
406
376
297
LT Finance Leases
2
2
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
675
676
676
Market Capitalization
650
650
800

Working Capital

FRC

•

in mil. unless spec.
Mar'25
Jun'25
Sep'25
Total Current Assets
735
594
382
Cash, Cash Equivalents & STI
428
267
177
Accounts Receivable, Net
156
69
6
Inventories
95
96
95
Total Current Liabilities
552
474
335
Payables & Accruals
237
212
173
ST Debt
214
165
64
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-1.88%
-3.85%
-38.65%
Free Cash Flow
0.43%
30.7%
-29.26%
Net Income, GAAP
-73.31%
-413.58%
-420.44%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
-2.16%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
76
69
217
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.05
0.23
0.1
- -
0.19
2024
0.01
- -
-0.65
- -
-0.62
2025
0.11
- -
0.01
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.02
- -
0.03
- -
0.05
2024
0.02
- -
0.03
- -
0.05
2025
- -
0.07
0.04
- -
- -
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Business
Meren Energy Inc. is a Canadian upstream oil and gas company, formerly Africa Oil Corp., which rebranded in May 2025. The company operates as a full-cycle exploration and production entity, with a portfolio of producing and development assets concentrated in deepwater Nigeria, a significant carried interest in the Orange Basin spanning Namibia and South Africa, and operated licenses in Equatorial Guinea.

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