The Okomu Oil Palm Company has announced its audited financial results for the fiscal year 2025, revealing a significant surge in profitability. The company recorded a pretax profit of N90.6 billion, a substantial increase from N53.5 billion in the previous year.

This impressive financial performance was propelled by a robust top-line growth, with revenue escalating by 52.18% year-on-year to N198.1 billion, compared to N130.2 billion in 2024. Sales generated from palm, rubber, and oil processing activities within Nigeria amounted to N172.6 billion, while international sales contributed N25.5 billion.

The company also reported other income of N12.5 billion, a decrease from N15.3 billion in the prior year. Realized foreign exchange gains were the primary driver of this other income, totaling N8.7 billion, which represented 69.53% of the N12.5 billion.

On the expenditure side, raw materials and consumables expenses rose to N29.5 billion from N22.6 billion in 2024, largely due to plantation upkeep costs of N10.9 billion. Employee benefit expenses also saw an increase, climbing to N31 billion from N26.1 billion, with contract staff wages accounting for N21.3 billion of this figure, reflecting higher staffing costs alongside operational expansion.

After accounting for depreciation of N21.9 billion, finance costs of N4.6 billion, other expenses of N34.7 billion, and fair value gains on biological assets of N1.7 billion, the pretax profit reached N90.6 billion.

Following an income tax expense of N32.6 billion, the post-tax profit for the year stood at N57.9 billion, marking a 45.03% increase year-on-year. Retained earnings for the period were N48.9 billion, down from N53.9 billion in the previous year.

In line with its strong financial results, Okomu Oil Palm Company has declared a final dividend of N15 per 50 kobo share. This dividend will be payable on May 26, 2026, to shareholders whose names are on the company's register as of the qualification date of April 27, 2026.