FY 2025: Odu’a Investment posts 410% surge in PBT to ₦23.58bn
Odu’a Investment Company Limited (OICL) has recorded its strongest financial performance in recent history, posting a profit before tax of ₦23.58 billion for the 2025 financial year, while unveiling an ambitious target to grow its asset base to ₦1 trillion by 2030.
The impressive performance was announced at the company’s 44th Annual General Meeting held at the newly redeveloped Premier Hotel in Ibadan, where shareholders, representatives of the six South-West states, and members of the media gathered to review the conglomerate’s achievements and future direction.
Presenting the financial results, the outgoing Group Chairman, Otunba Bimbo Ashiru, described the year as one of exceptional growth and strategic transformation despite prevailing economic challenges.
According to him, the Group’s operating revenue rose by 78 percent, from ₦11.34 billion in 2024 to ₦20.22 billion in 2025. Profit before tax increased by an extraordinary 410 percent, climbing from ₦4.62 billion to ₦23.58 billion within the period.
Ashiru attributed this remarkable growth to significant fair value gains on investment properties valued at ₦18.81 billion, as well as strong returns from investments in the Nigerian stock market.
He noted that several strategic initiatives undertaken during the year have fundamentally repositioned the organization and strengthened its long-term growth prospects.
One of the most notable milestones was the completion and commissioning of the extensive remodeling of Premier Hotel, Ibadan, one of the oldest hospitality landmarks in the South-West.
The hotel, commissioned a day before the AGM, is expected to commence full operations in the fourth quarter of 2026.
Ashiru said the revitalized facility is projected to become a major hospitality and tourism destination in the region, contributing significantly to the company’s revenue growth in the coming years.
The Chairman also highlighted the celebration of the 60th anniversary of Cocoa House in July 2025, describing the iconic structure as a symbol of the economic vision and enduring legacy of the Yoruba people.
Beyond its financial performance, Odu’a Investment received a major endorsement from the financial community during the year. Credit rating agency Agusto & Co. upgraded the company’s rating from A+ to Aa- with a stable outlook, reflecting confidence in its financial management, governance standards, and treasury operations.
Speaking at the AGM, the Group Managing Director, Mr. Abdulrahman Yinusa, disclosed that the conglomerate had begun the process of obtaining its first international credit rating from a leading global rating agency.
According to him, the move is aimed at opening new opportunities for foreign direct investment and enhancing access to international debt capital markets as the company pursues its long-term expansion plans.
Yinusa also announced that the Group had presented its first fully consolidated financial statements, combining the financial records of the holding company and all subsidiaries into a single report.
He described the development as a landmark achievement that would provide shareholders with a clearer and more transparent view of the organization’s overall financial strength while aligning reporting standards with global best practices.
The AGM also marked a significant leadership transition as Ashiru formally concluded his four-year tenure as Group Chairman.
In his valedictory speech, he reflected on the company’s transformation journey from 2022 to 2026, noting that Odu’a Investment had successfully evolved from what he described as an asset-rich, cash-poor organization into a strategy-driven investment group that is both asset and cash-rich.
He expressed gratitude to the governors of the six South-West states, members of the board, management teams, subsidiary companies, and employees for their support throughout his tenure.
While stepping down as chairman, Ashiru assured stakeholders that he would continue to serve on the board as a director until 2028, providing continuity and stability as the company pursues its next phase of growth.
With record profits, strengthened governance structures, renewed assets, and plans to secure international financing, Odu’a Investment appears poised to accelerate its transformation agenda and achieve its ambitious goal of becoming a ₦1 trillion asset enterprise by the end of the decade.
The newly appointed Chairman of Odu’a Investment Company Limited, Dr. Tola Kasali, unveiled an ambitious roadmap aimed at transforming the South-West-owned conglomerate into a ₦1 trillion asset powerhouse by 2030, while pledging to build on the legacy of his predecessor and drive a new era of growth and consolidation.
The new chairman said the company would pursue three major objectives over the next four years: achieving ₦30 billion in cash-backed profit before tax, growing total assets to ₦1 trillion, and increasing annual group revenue to ₦50 billion.
According to him, the achievements recorded under the previous strategic framework have positioned the conglomerate for greater expansion and long-term sustainability.
“I accept this responsibility with humility and an unwavering commitment to the vision of the founding fathers that has brought Odu’a Investment to this pivotal moment,” he said.