Okomu Oil Plc has had a yr of extraordinary progress, and shareholders are actually poised to reap the rewards of the corporate’s exceptional efficiency.
For the 9 months ending September 2025, Okomu posted a revenue of N60.33 billion, surpassing the full-year 2024 revenue by 50%, and marking the very best revenue prior to now 5 years.
Income rose sharply to N174 billion, up 63% year-on-year, outpacing even the corporate’s full-year income in 2024 and establishing a brand new benchmark for the previous half-decade.
Earnings per share (EPS) inform an analogous story of progress and resilience.
- At N63.25 per share, EPS is up 113% YoY, the very best in 5 years, and has been rising at a compound annual progress fee (CAGR) of 90% over the identical interval.
- But, whereas EPS and revenue have surged, dividends have traditionally lagged, rising a CAGR of fifty%, reflecting a conservative payout technique.
Buyers who’ve been loyal to the inventory know that Okomu tends to retain earnings to fund operational progress reasonably than over-distribute earnings.
2025 interim dividends sign a shift
Nonetheless, 2025 reveals a transparent shift within the firm’s method to rewarding shareholders.
The H1 2025 interim dividend of N30 per share is almost 4 instances the N8 per share paid in H1 2024, and the 9-month interim dividend of N10 represents a five-fold improve from the N2 per share recorded for a similar interval final yr.
Mixed, shareholders have already obtained N40 per share, equating to roughly N38.16 billion in money payouts, or 63% of the nine-month revenue.
Projecting the 2025 last dividend
Utilizing historic payout patterns and the expansion in interim dividends, a projected last dividend of N44 per share is affordable and achievable.
In 2024, the ultimate dividend was N26 per share, and scaling for the distinctive interim dividends paid in 2025 helps a complete dividend of N84 per share for the total yr.
This is able to mark a big step in aligning shareholder returns with the corporate’s operational efficiency and money movement energy.
Over the previous 5 years, Okomu has generated N137.5 billion from working actions, spent N54.4 billion on capital expenditure, and collected N83 billion in free money movement, with retained earnings rising to N60.87 billion as of September 2025, ample proof of the capability to assist larger dividends.
Share value momentum and investor features
The corporate’s inventory has mirrored its operational success.
From N444 at first of 2025, Okomu’s share value climbed to N1,020, delivering 130% year-to-date features for buyers.
Those that took a place in December 2024 have loved substantial capital features along with interim dividends.
The upcoming N10 dividend payable on November 14, 2025, for shareholders on file as of October 31 additional reinforces the wealth creation narrative.
Wanting forward, the corporate’s sturdy fundamentals, profitability, and free money movement underpin a six-month value goal of N1,200–N1,300, supported by the projected N84 last dividend in April 2026.
By paying a sturdy last dividend, Okomu not solely rewards buyers for his or her loyalty but additionally strengthens confidence within the inventory.
Okomu Oil’s story in 2025 is one in all sustained progress, operational excellence, and strategic worth creation. Profitability, money era, and capital allocation have by no means been stronger.
But, it’s the shareholders who’ve carried the inventory by means of previous years of regular progress who deserve a proportionate reward.
- A last dividend of N44 per share, bringing the overall payout to N84, wouldn’t solely acknowledge this loyalty but additionally set a precedent for a extra shareholder-friendly method within the years forward.
In a yr of file earnings and market-beating returns, Okomu Oil Plc demonstrates that sturdy company efficiency and shareholder reward needn’t be mutually unique.
Buyers who’ve supported the corporate are actually in line to see that assist mirrored not solely in capital appreciation however in a dividend payout that matches the growth.