The Okomu Oil Palm Firm Plc has launched its monetary outcomes for the third quarter of 2025, reporting a pretax revenue of N17.04 billion, in comparison with N11.4 billion recorded within the corresponding interval of 2024.
This introduced pretax revenue for the nine-month interval to N84.09 billion, representing a rise of 106.73% from N40.6 billion reported in the identical interval final yr.
The development was supported by larger turnover, as Q3 income rose 52.44% to N44.1 billion, bringing the nine-month determine to N173.9 billion, up 67.34%.
- Of the whole nine-month turnover, native gross sales contributed N154.8 billion, a rise of 75.99%, whereas export gross sales stood at N19.08 billion, up 19.64% year-on-year.
Price of gross sales rose alongside income, reaching N18.9 billion in Q3 2025 from N14.1 billion within the prior yr, with oil palm operations accounting for 87.96% of the whole.
- Regardless of this, gross revenue grew to N25.1 billion, in comparison with N14.7 billion in the identical quarter of 2024.
Web working bills rose by 82.4% to N7.4 billion, leaving working revenue at N17.7 billion, up 65.4% from the earlier yr.
Finance revenue declined to N219.1 million from N2 billion in Q3 2024, whereas finance prices additionally fell to N876.1 million from N1.3 billion.
Nonetheless, the underside line remained agency, with pretax revenue rising 49.36% year-on-year, whereas revenue after tax superior 57.13% to N12.7 billion.
Stability sheet
On the stability sheet, mounted belongings had been valued at N76.4 billion. When mixed with organic belongings and rights of use, whole non-current belongings amounted to N86.4 billion, representing a 12.32% enhance from the earlier yr.
Present belongings rose to N48.9 billion from N40 billion in 2024. Of the whole present belongings, money and bank balances accounted for the biggest portion at N25.3 billion.
Present liabilities had been primarily composed of commerce payables and different obligations, which elevated to N39 billion from N26.1 billion within the prior yr.
- On the fairness aspect, income reserves stood at N60.8 billion, reflecting a 12.81% development year-on-year.
The corporate additionally declared an interim dividend of N10.00 per 50 kobo abnormal share, topic to relevant withholding tax.
- The dividend will probably be paid to shareholders whose names seem within the Register of Members on the shut of enterprise on October 31, 2025.
Key Highlights (Q3 2025 vs Q3 2024)
- Turnover: N44.1 billion (+52.44% YoY)
- Price of gross sales: N18.9 billion (+33.97% YoY)
- Gross revenue: N25.1 billion (+70.12% YoY)
- Working revenue: N17.7 billion (+65.44% YoY)
- Finance revenue: N219.1 million (−89.13% YoY)
- Pretax revenue: N17.04 billion (+49.36% YoY)
- Income reserves: N60.8 billion (+12.81% YoY)
Shares of Okomu Oil are at the moment priced at N1,020.00, up 129.7% year-to-date.
Within the third quarter of 2025, the inventory gained 29%, making it the second-best performing quarter of the yr, behind Q2’s 44.90% advance.
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