Okomu Oil Palm Firm Plc has introduced robust monetary outcomes for the 9 months ended September 30, 2025.
Based on the corporate’s unaudited interim monetary statements, revenue after tax rose sharply to ₦60.33 billion, representing a 113% enhance from ₦28.34 billion reported in the identical interval of 2024.
The spectacular consequence underscores the corporate’s operational power and sustained profitability regardless of a difficult enterprise surroundings.
Turnover and Gross Revenue Surge
Turnover grew considerably to ₦173.95 billion within the first 9 months of 2025, in comparison with ₦103.95 billion within the corresponding interval of 2024 — a 67% enhance.
Value of gross sales elevated reasonably to ₦61.87 billion from ₦44.64 billion, whereas gross revenue jumped to ₦112.08 billion, up from ₦59.31 billion within the prior 12 months.
This represents a 89% year-on-year rise in gross revenue, pushed by environment friendly manufacturing and favorable commodity pricing.
Revenue Earlier than and After Tax
Okomu Oil reported a revenue earlier than tax of ₦84.10 billion, greater than doubling the ₦40.68 billion achieved in the identical interval of 2024. After accounting for taxation of ₦23.77 billion, the corporate’s revenue after tax stood at ₦60.33 billion, reaffirming its place as one in every of Nigeria’s most worthwhile agribusiness corporations.
Earnings per share (EPS) rose to ₦63.25, up from ₦29.71 a 12 months earlier, reflecting stronger shareholder worth creation and operational effectivity.
Stability Sheet Highlights
The corporate’s complete property elevated to ₦135.40 billion, supported by an increase in mounted property and organic property linked to its plantation and processing growth.
Mounted Property: ₦86.47 billion (2024: ₦76.99 billion)
Organic Property: ₦76.42 billion (2024: ₦67.77 billion)
Money and Bank Balances: ₦25.38 billion (2024: ₦17.33 billion)
Okomu Oil maintained a stable monetary place with complete internet property of ₦62.39 billion, up from ₦55.48 billion in December 2024, representing a 12.4% enhance in shareholders’ funds.
The corporate’s capital and reserves comprise ₦476.96 million in share capital, ₦1.87 billion in share premium, and ₦60.87 billion in retained earnings, reflecting continued revenue reinvestment for enterprise growth.
Operational Effectivity and Monetary Stability
Finance revenue for the interval stood at ₦317.04 million, whereas finance prices amounted to ₦2.32 billion. The corporate’s skill to take care of robust earnings regardless of elevated financing bills highlights efficient price administration and high-margin operations.
Okomu Oil’s efficiency demonstrates the resilience of Nigeria’s agricultural and agro-industrial sector amid macroeconomic headwinds and rising enter prices.
The corporate’s concentrate on sustainable palm oil and rubber manufacturing continues to assist income diversification and profitability.
Outlook
With rising demand for palm oil derivatives, Okomu Oil is predicted to maintain its development trajectory via strategic investments in processing capability, yield enchancment, and worth chain growth.
The corporate’s administration stays optimistic about its full-year efficiency, given its robust year-to-date outcomes, stable stability sheet, and environment friendly price construction.
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