Okomu Oil Palm Company has posted a strong financial performance for 2025, with profit before tax rising by 69.26 per cent to N90.6 billion, up from N53.5 billion in 2024.
The company’s audited results show revenue surged by 52.18 per cent year-on-year to N198.1 billion, driven by robust earnings across its palm oil, rubber, and processing operations.
Of the total revenue, N172.6 billion was generated within Nigeria, while export sales contributed N25.5 billion.
Reflecting the strong performance, the company declared a final dividend of N15 per 50 kobo share, payable on May 26, 2026, to shareholders on record as of April 27, 2026.
Post-tax profit rose by 45.03 per cent to N57.9 billion, despite higher operating costs. Raw materials and consumables increased by 30.47 per cent to N29.5 billion, largely driven by plantation maintenance expenses. Employee benefit costs also climbed to N31.03 billion from N26.1 billion, reflecting increased staffing and operational expansion.
Other income declined to N12.5 billion from N15.3 billion, although foreign exchange gains accounted for a significant 69.53 per cent of that figure at N8.7 billion.
After accounting for depreciation, finance costs, and other operating expenses, the company maintained strong profitability, underscoring efficient cost management amid expansion.
On the balance sheet, total assets grew to N138.8 billion from N117 billion, supported largely by property, plant, and equipment valued at N61.8 billion. Total liabilities rose to N90.04 billion, while shareholders’ equity declined to N48.8 billion from N55.4 billion.
At the market level, the stock price remained flat at N1,765 on the Nigerian Exchange following the release of the results. However, the stock has gained 61.19 per cent year-to-date, with over 19 million shares traded.
The results reinforce Okomu Oil’s strong growth trajectory, supported by rising demand and improved operational efficiency across its core business segments.
