Okomu Oil Palm Company Plc, one of Nigeria’s leading integrated palm oil and rubber producers, has posted a strong set of audited financial results for the year ended December 31, 2025.
The company reported a pretax profit of N90.6 billion, marking a robust 69.26% increase from N53.5 billion in 2024. After tax, net profit stood at N57.9 billion, up 45.03% year-on-year. The performance was propelled by a significant expansion in top-line revenue, which climbed 52.18% to N198.1 billion from N130.2 billion the previous year.
A breakdown of revenue shows that palm, rubber, and oil processing activities within Nigeria contributed the lion’s share at N172.6 billion, while international sales added N25.5 billion.
The company also recorded other income of N12.5 billion, though this was lower than the N15.3 billion posted in 2024. Realized foreign exchange gains formed the bulk of this line item, contributing N8.7 billion — or 69.53% of total other income — reflecting the benefits of a more stable naira environment and prudent currency management.
On the cost front, expenses rose in tandem with growth. Raw materials and consumables jumped 30.47% to N29.5 billion from N22.6 billion, largely driven by N10.9 billion spent on plantation upkeep.
Employee benefits expenses increased to N31.03 billion from N26.1 billion, with contract staff wages alone accounting for N21.3 billion as the company scaled operations to support higher output.
After absorbing depreciation of N21.9 billion, finance costs of N4.6 billion, other operating expenses of N34.7 billion, and a modest fair value gain of N1.7 billion on biological assets, the group still delivered the headline pretax figure of N90.6 billion. Income tax expense came in at N32.6 billion.
The board has recommended a final dividend of N15 per 50 kobo share, payable on May 26, 2026, to shareholders registered as of the close of business on April 27, 2026. This payout underscores management’s confidence in the company’s cash-generating ability.
Balance-sheet highlights reveal total assets expanding to N138.8 billion from N117 billion, with property, plant, and equipment — the backbone of the plantation and processing infrastructure — standing at N61.8 billion.
Liabilities rose more sharply to N90.04 billion from N61.5 billion, led by trade and other payables of N14.5 billion. Total equity moderated to N48.8 billion from N55.4 billion, while retained earnings closed at N48.9 billion compared with N53.9 billion a year earlier.
Despite the impressive numbers, the market has so far shown little immediate reaction. Okomu Oil Palm’s shares remained flat at N1,765 on the Nigerian Exchange (NGX) following the release of the results.
However, the stock has delivered a solid year-to-date gain of 61.19%, with more than 19 million units traded, indicating sustained investor interest in the agro-processing sector.
Analysts will likely view the results positively: revenue growth outpaced cost increases, foreign-exchange gains provided a timely buffer, and the company’s core plantation and processing activities continue to demonstrate pricing power and volume momentum.
The modest decline in retained earnings and equity appears to reflect the generous dividend policy and higher liabilities associated with expansion, rather than any operational weakness.
Okomu Oil Palm, long regarded as a blue-chip name in Nigeria’s agricultural value chain, has once again proven its ability to navigate currency volatility, rising input costs, and global commodity price swings.
With palm oil demand remaining structurally strong both domestically and across West Africa, the 2025 numbers position the company well for continued growth in 2026 — provided macroeconomic stability persists and global edible-oil prices do not deteriorate sharply.
WHAT YOU SHOULD KNOW
Okomu Oil Palm delivered a strong 2025 performance, posting a pretax profit of ₦90.6 billion (up 69.26% YoY) driven primarily by a robust 52.18% surge in revenue to ₦198.1 billion.
The standout factor: core operations in palm, rubber, and oil processing generated solid top-line growth both in Nigeria and internationally, demonstrating operational strength despite rising costs and a slight dip in other income.
With a final dividend of ₦15 per share declared, the results affirm Okomu’s resilience and cash-generating power in Nigeria’s agro-processing sector.
