Okomu Oil Reports N87.3 Billion Profit for 2025

Okomu Oil Palm Company PLC announced a pre-tax profit of N87.3 billion for the year ending December 31, 2025, marking a significant 63.64% increase from N53.3 billion in 2024, according to its recent unaudited financial statement. Despite a decline in fourth-quarter pre-tax profit to N3.2 billion from N12.5 billion the previous year, revenue growth was driven by a rise in sales of palm and rubber products, which increased by 52% and 35% year-on-year, respectively, resulting in total revenue of N198.1 billion.

Earnings per share rose to N66 from N60 in 2024. The financial report indicated that local sales of palm and rubber products contributed significantly, with an increase of 60% to N172.6 billion.

Financial income was reported at N11.07 billion, while financial costs amounted to N13.7 billion. The tax charge was N23.7 billion, leading to a profit after tax of N63.5 billion.

The balance sheet showed fixed assets expanded by 20.34% to N81.5 billion, and total equity stood at N56 billion, slightly above N55.4 billion from the previous year.