Okomu Oil, one of Nigeria’s biggest palm oil makers, has projected a combined N5.46 billion in net profit for the third and fourth quarters of the year after posting its highest first-half earnings in 2025.
The Edo-based oil company expects its Q3 profit to reach N1.99 billion, while income for the last quarter of the year is expected to rise to N3.47 billion, according to its earnings forecast on the Nigerian Exchange.
This projected net profit is nine times lower than the combined figure it posted in the first six months of the year, as the oil palm maker rode on higher crude palm oil prices and a stable naira to grow its profit to N47.5 billion.
Revenue for the period between July to December 2025 is also expected to print at N44.83 billion, which is about three times lower than the N129.83 billion reported in the first half of the year.
Cost is also on the rise as total expenses are projected to reach N37.43 billion in the period under review, taking a chunk of the overall revenue even as prices continue to slow in Africa’s most populous nation.
If the predictions come true, Okomu’s full-year earnings for 2025 will hit N52.96 billion, marking the highest profit on record. This is as turnover is expected to edge up to N174.66 billion, that is way higher than the N130.21 billion posted in the full year of 2024.
Oil palm makers are in for bumper earnings on the back of a global price rally of CPO that’s forecast to hit $1200 by the end of the year, from about $900 it currently sells.
A stable macroeconomic condition, especially a cooling inflation that has declined for the fourth consecutive month in July, and a more predictable exchange rate, is fuelling unprecedented growth in the oil palm sector.
The oil palm industry has become a veritable investment target for institutional investors both in Africa and Asia, following the recent boom in the industry driven by elevated crude palm oil prices and slower imports from Indonesia, the world’s largest oil palm producer.
According to Alphonsus Inyang, the National President of Palm Produce Association of Nigeria (NPPAN), the industry is now the “darling of investors” who have patient capital for generational wealth.
“The oil palm boom is not ending now. It will continue for as long as the food, chemical industry, and renewable energy are thriving,” NPPAN president told this reporter in a telephone call.
Shares of Okomu Oil have gained 130 percent year-to-date with a price value of N1,020, and the stock is ranked 31st on the bourse in terms of performance.