Odu’a Group Reports N23b Profit, Eyes N1tn Assets by 2030

Odu’a Investment Company Limited (OICL) declared a profit before tax of N23.58 billion for the 2025 financial year, representing a significant 410% increase from N4.62 billion in 2024. This announcement was made by the Group Chairman, Bimbo Ashiru, during the 44th Annual General Meeting held in Ibadan.

The growth was attributed to extraordinary gains from property investments, amounting to N18.81 billion, alongside a strong performance in the Nigerian stock market. OICL's operational revenue also saw a sharp rise of 78%, reaching N20.22 billion compared to N11.34 billion in 2024.

The company has set a strategic goal to achieve N1 trillion in assets by 2030. Additionally, the Group Managing Director, Abdulrahman Yinusa, indicated that OICL is in the process of securing its first-ever foreign credit rating from a major international rating agency, which is expected to enhance the conglomerate's access to international debt capital markets and attract foreign direct investment.