Okomu Oil Palm Company Plc has recorded a strong financial performance for the nine months ended September 2025, posting a profit after tax of N60.33 billion, representing a 113 per cent increase compared to the N28.34 billion it earned in the same period last year.
The company’s unaudited financial statement, released to the Nigerian Exchange Limited (NGX), showed that turnover grew by 67 per cent to N173.95 billion from N103.95 billion in the corresponding period of 2024. The report indicates that the company maintained solid growth momentum driven by higher sales in palm products and improved cost efficiency.
According to the figures, gross profit rose sharply to N112.08 billion, up from N59.31 billion recorded in 2024, while profit before tax climbed 107 per cent to N84.10 billion, compared with N40.68 billion achieved in the same period last year.
The company attributed its impressive performance to strong revenue from palm product sales, better yield from its plantations, and prudent cost management strategies adopted across its operations. These measures, combined with a favourable market for palm oil and rubber exports, contributed significantly to its earnings growth.
Earnings per share (EPS) also improved remarkably, jumping from N29.71 in 2024 to N63.25 in 2025, reflecting higher profitability and value creation for shareholders.
On the balance sheet, Okomu Oil’s total net assets increased to N62.39 billion as of September 2025, compared to N55.48 billion recorded as of December 2024. This growth underscores the company’s strengthened financial position and ability to sustain long-term operations despite broader economic challenges in Nigeria.
The firm’s strong financial showing comes at a time when the agricultural and agribusiness sectors are playing a more prominent role in Nigeria’s economic diversification drive. With global demand for palm oil products continuing to rise, local producers such as Okomu Oil have benefited from increased export volumes and higher domestic prices.
Analysts say the company’s ability to maintain growth despite inflationary pressures, rising energy costs, and foreign exchange volatility reflects sound management and operational efficiency. Okomu Oil has continued to invest in technology, expand its production capacity, and adopt sustainable agricultural practices that enhance productivity and reduce environmental impact.
Industry experts also note that Nigeria’s palm oil industry remains one of the key growth areas within the agricultural sector, with increasing investor interest and government support for agribusiness development. The performance of Okomu Oil is seen as a positive signal for other players in the sector, especially as demand for palm products continues to expand in both local and international markets.
Okomu Oil Palm Company Plc, one of Nigeria’s leading agro-industrial firms, operates large-scale oil palm and rubber plantations in Edo State. The company has over the years built a reputation for maintaining high standards in sustainable plantation management and contributing significantly to the Nigerian economy through job creation, rural development, and foreign exchange earnings.
The firm’s latest result further strengthens its position as one of the best-performing listed agribusinesses on the Nigerian Exchange, with consistent profitability and attractive dividend history.
Market observers believe that if current performance trends continue, Okomu Oil could surpass its full-year 2024 results by a wide margin, reinforcing investor confidence in the stock.
The company’s management is expected to provide further guidance on its outlook for the rest of 2025 in its forthcoming investor briefing.
