…share price up 129.73% year-to-date
The Board of Directors of Okomu Oil Palm Company Plc met on October 16. They reviewed and approved the company’s Unaudited Financial Statements (UFS) for the period ended September 30, 2025. The Board also approved an interim dividend payment.
For investors who have held Okomu Oil Palm shares since this year, the value has risen by 129.73 percent. It is also another rewarding moment for the shareholders as the company proposes to pay N10 interim dividend for the nine months (9M) to September 30, 2025. The company’s interim dividend of N10 per share for 9M’25 augments the N30 per share dividend declared for H1’25, bringing the total interim dividend to N40 in 9M’25 (N10 in total for 9M’24).
The 9M’25 scorecard …
In the nine months to September, the company grew its revenue by 67.34 percent from N103.949billion in 9M’24 to N173.951billion in 9M’25. The principal activities of the company are the development of oil palm plantation, palm, oil milling, palm kernel processing and the development of rubber plantations. The products are palm oil, palm kernel oil, palm kernel cake, banga (package) and rubber cup lumps.
In the same period, operating profit increased by 109.25 percent, from N41.191billion to N86.192billion. The company’s profit before tax (PBT) increased by 106.72 percent, from N40.682billion in 9M’24 to N84.099billion in 9M’25, while Profit After Tax (PAT) of N60.333billion in 9M’25 as against N28.339billion in 9M’24 represents 112.90 percent growth.
Read also: Okomu more than doubles profit in 9 months as revenue surges
For CardinalStone research, it is robust earnings for Q3’25 …
“Okomu Oil Palm sustained its strong earnings trajectory in 9M’25, with EPS rising by 58.1percent YoY to N63.25, underpinned by robust turnover growth and tamer operating cost growth, which offset an uptick in net finance costs. Revenue growth was predictably robust, with a 52.4percent YoY growth for Q3’25, augmenting the already impressive H1’25 performance.
“This led to a 67.3percent YoY growth for 9M’25 to N174.0 billion and was likely buoyed by elevated CPO prices along with decent volume turnout. Q3’25, despite being the weakest quarter of the year historically due to the lean season saw a revenue growth of 82.9percent YoY for the CPO segment, which helped offset softer performance for the rubber segment (-21percent YoY) during the period,” said CardinalStone research analysts in their October 20 note.
“Cost growth was tamer (compared to revenue), with net general expenses for 9M’25 growing by 40 percent YoY to N87.8 billion, underscoring the slowing inflation and operational efficiency, even though material and services costs remained elevated. This led to a 9.9 ppt growth in EBIT margin to 49.5percent. Despite net finance cost increasing by 3.9x over the review period, a strong operating performance meant PBT margin still expanded by 9.2 ppts to 48.3percent.
“The effective tax rate was slightly lower (-2.1 ppts YoY to 28.3percent), and this further supported profitability, resulting in a 7.4 ppts YoY increase in Net Profit Margin to 34.7percent for 9M’25. ROAE* and ROAA* printed at 136.5 percent (+47.7ppts YoY) and 63.7percent (+27.3ppts YoY) respectively for 9M’25, underscoring the impressive returns on investments for the period,” the analysts further stated.
Market watchers say Okomu’s earnings resilience underscores the defensive strength of Nigeria’s agricultural exports, even as manufacturers contend with volatile exchange rates and rising input costs. The company’s sustained investments in mechanisation and replanting are expected to further enhance yields and sustain margins in the coming quarters.
The Okomu Oil Palm Company Plc was incorporated on December 3, 1979 as a private limited liability company. It was converted to a Public Limited Company (Plc) on September 19, 1997 under the Company and Allied Matters Act, 1990.
Okomu is a member of Socfinal group of Luxemborg which owns 62.6 percent the Company’s shares with Nigerians owning the balance of 37.47percent. At N1,020 per share, Okomu Oil Palm nears its 52-week high of N1,120 as against 52-week low of N367. Okomu has shares outstanding of 953.910 million units. This year, Okomu Oil Palm has outperformed the market with impressive return of 129.73 percent as at October 20, while NGX-ASI has risen by 45.68 percent.
Read also: Palm oil rally seen boosting Presco, Okomu’s earnings in Q3
Key figures …
Okomu Oil Palm has 19, 011 ha planted area of oil palm; 7,334 ha planted area of rubber; 9, 097 T of dry rubber; and 74, 370 T of palm oil. The company as at December 2024 has 7,453 direct and indirect employees.
Proposed interim dividend…
The company has just proposed an interim dividend of N10 per 50kobo ordinary share, subject to appropriate withholding tax (WHT). The proposed interim dividend will be paid to shareholders whose names appear in the Register of Members as at the close of business on October 31, 2025.
The register of shareholders will be closed from November 3, 2025, to November 7, 2025. The qualification date is October 31, 2025. On November 14, 2025, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at October 31, 2025, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.