By Ejire Folakunmi
Okomu Oil Palm PLC has reported a robust financial performance for the extended 2025 fiscal cycle, declaring a total revenue of ₦128.5 billion.
This figure represents a 71% increase over the ₦75 billion recorded in the 2024 financial year.
According to the fifth-quarter (Q5) financial statements submitted to the Nigerian Exchange, the company’s profit before tax rose to ₦42.3 billion, up from ₦32.9 billion in the preceding year, driven by strong demand in both local and international markets.
The company’s revenue breakdown shows that local sales contributed ₦110.2 billion, while export sales accounted for ₦18.3 billion, benefiting from favorable global commodity prices for palm oil and rubber.
Despite a 55% increase in operating expenses, which reached ₦34.8 billion due to rising energy and labor costs, Okomu Oil Palm maintained a net profit after tax of ₦28.7 billion.
The company also declared a final dividend of ₦12.00 per share for the period, reflecting its commitment to shareholder returns as it continues to expand its plantation acreage and milling capacity heading into 2026.
