Okomu Oil vs. Presco Plc – 9-month 2025 outcomes: Who carried out higher?

In 2025, Nigeria’s two palm oil giants, Okomu Oil Plc and Presco Plc, as soon as once more demonstrated their dominance within the agricultural panorama.

Using on the again of elevated palm oil costs, resilient home demand, each corporations delivered robust ends in the primary 9 months of 2025, as mirrored of their unaudited nine-month 2025 outcomes for the interval ended September 2025

However who carried out higher and provides higher worth to traders?

Monetary efficiency and earnings power

Okomu Oil Plc maintained its progress momentum, closing the primary 9 months of 2025 with N174.0 billion in income, up 63% year-on-year.

Revenue after tax grew by 113% YoY to N60.33 billion within the first 9 months of 2025, surpassing the 2024 full-year revenue by about 51%.
Earnings per share surged to N63.25, marking a 113% YoY progress.
Internet revenue margin stood at 34.7%. up 27percentnYoY
Okomu paid out an interim dividend of N40 for the 9 months, reflecting a 63% payout ratio

Presco Plc, alternatively, delivered stronger numbers throughout all fronts.

Income soared 113.5% year-on-year to N274.5 billion.
Revenue after tax grew by 114% YoY to N110.786 billion, beating the 2024 full-year revenue by 6%.
EPS stood at N110.79, up 114% YoY.
Internet revenue margin elevated marginally by 0.24% to 40.4%.
Presco paid out N30 interim dividend, reflecting a 27% payout ratio

Over the long run, Presco Plc has compounded its earnings power extra successfully, constructing a retained earnings base of N195.52 billion, greater than thrice that of Okomu’s N60.87 billion.

On progress trajectory, Okomu Oil has expanded sooner, recording a compound annual progress charge (CAGR) of 68% in revenue over the previous 5 years, in comparison with Presco’s 49%. Nonetheless, in absolute phrases, Presco stays the clear chief, producing a cumulative N285 billion in whole revenue over the identical interval, far exceeding Okomu’s N91 billion.

Verdict:

Presco Plc leads by way of each scale and effectivity, boasting greater revenue margins, stronger earnings, and a bigger retained earnings base. Nonetheless, its 27% dividend payout ratio displays a conservative, some may say stingy, method to shareholder rewards.
Okomu Oil, although smaller in scale, has delivered sooner revenue progress and demonstrated a stronger dedication to rewarding shareholders, with a beneficiant payout ratio of about 63%. This highlights Okomu’s investor-friendly stance, aligning shareholder returns extra intently with its document profitability.

Share value efficiency

Reflecting these stellar outcomes, each corporations’ share costs have rallied sharply in 2025, considerably outperforming the broader NGX All-Share Index, which is up 44.74% year-to-date.

Okomu Oil has gained 130% YtD, at the moment buying and selling at N1,020 per share, about 97% of its 52-week excessive signaling robust investor confidence however suggesting restricted short-term upside.
Presco Plc, in the meantime, has recorded a 212% YtD rise, closing at N1,479.90 per share and buying and selling round 96% of its 52-week excessive, reflecting even stronger market momentum and sustained bullish sentiment.

When it comes to buying and selling liquidity:

Presco is the 106th most traded inventory on the NGX over the previous three months, with 13.9 million shares traded valued at N19.9 billion.
Okomu Oil Palm is the 97th most traded inventory on the Trade over the identical interval, with 21.2 million shares traded valued at N21.3 billion.

Verdict:

Each shares have delivered excellent share value performances in 2025, far outpacing the broader market.

In abstract, Presco wins momentum and valuation power, whereas Okomu stands out for liquidity and dividend attraction — giving traders two compelling, but distinct, performs within the palm oil sector.

Stability sheet
Presco has been increasing quickly, with its whole property rising by about 29%.

Nonetheless, most of this progress got here from taking up extra debt, which jumped by 188%.
This pushed its debt-to-equity ratio to 79%, up from 26% final yr — which means it’s now extra reliant on borrowed funds.
This further borrowing helped Presco enhance its return on fairness (ROE) to 54.78%, however it additionally made the corporate extra uncovered to debt prices, as seen in its decrease curiosity protection ratio of 5.54x.
On the optimistic aspect, Presco grew to become extra environment friendly, with asset turnover bettering to 0.45x, exhibiting higher use of its sources. Nonetheless, its greater debt degree will increase monetary threat.

Okomu Oil Plc
Okomu took a extra cautious method.

It minimize its debt by 22% and grew its fairness base by 12%, maintaining its debt-to-equity ratio at simply 8.93%, far beneath Presco’s.
Even with much less borrowing, Okomu achieved a remarkably excessive ROE of 96.7%, due to robust income and environment friendly operations quite than leverage.
Its curiosity protection ratio jumped to 37.11x, exhibiting that the corporate simply covers its curiosity bills, an indication of economic power and low threat.

Verdict:

Okomu Oil has a stronger stability sheet, low debt, excessive returns, and minimal monetary threat.
Presco exhibits sooner asset progress however depends closely on debt, making its growth extra leveraged and riskier.

Valuation – Who’s cheaper and who rewards traders extra?

In relation to shopping for a inventory, traders often take a look at how a lot they’re paying for the income, the corporate’s property, and the dividends you’ll get.

Let’s see how Okomu Oil and Presco examine.

Okomu Oil Plc:

Present value: N1,020 per share
Earnings per share (TTM): N75.34 = P/E of 13.5x
E book worth per share: N90.40 = P/B of 11.3x
9-month Dividend N40 = Dividend yield of three.92%

What this implies: Okomu is a little more costly when you examine the worth to earnings or property. However it offers again extra money to shareholders by way of dividends, making it enticing if you’d like a daily revenue.

Presco Plc: