Odu’a Investment Company Limited has unveiled an ambitious plan to grow its asset base to N1 trillion by 2030, following a record financial performance that saw the conglomerate post a N23.58 billion Profit Before Tax (PBT) for the 2025 financial year.
The target was announced at the company’s 44th Annual General Meeting (AGM), held on Friday at the newly redeveloped Premier Hotel in Ibadan, where shareholders, representatives of the six South-West states and other stakeholders also witnessed the conclusion of the four-year tenure of the chairman, Mr Bimbo Ashiru.
Presenting the 2025 financial results, Mr Ashiru said the group had been strategically repositioned despite a challenging macroeconomic environment, laying a solid foundation for its long-term growth ambitions.
According to the results, operating revenue increased by 78 per cent to N20.22 billion from N11.34 billion recorded in 2024, while profit before tax surged by 410 per cent to N23.58 billion from N4.62 billion in the previous year.
The impressive earnings were largely driven by N18.81 billion in fair value gains on investment properties and strong gains from the bullish performance of the Nigerian Exchange (NGX), where it trades its stock.
Mr Ashiru described the year as one of significant strategic milestones that have permanently repositioned the investment group.
Among the highlights was the completion of the extensive redevelopment of the historic Premier Hotel, Ibadan, which was commissioned on the eve of the AGM and is expected to commence full operations in the fourth quarter of 2026.
The organisation also marked the 60th anniversary of Cocoa House in July 2025, reinforcing its commitment to preserving iconic assets while unlocking greater commercial value.
In another milestone, Agusto & Co. upgraded Odu’a Investment’s credit rating from A+ to Aa- with a stable outlook, reflecting the company’s improved financial discipline and treasury management.
Speaking at the AGM, the Managing Director, Mr Abdulrahman Yinusa, disclosed that the company has commenced the process of obtaining its first international credit rating from a leading global rating agency, adding that the move would enhance access to international debt capital markets and attract foreign direct investment as part of the group’s long-term growth strategy.
The company also presented its first fully consolidated financial statements, providing shareholders with a comprehensive view of the financial position of the holding company and all its subsidiaries.
The AGM also marked a leadership transition as Mr Ashiru completed his four-year tenure as Group Chairman.
In his valedictory address, he reflected on the transformation achieved between 2022 and 2026, noting that Odu’a Investment had evolved from being “asset rich, cash poor” into a strategy-driven organisation that is both asset and cash-rich.
He thanked the governors of the six South-West states, members of the Board, past and present Group Managing Directors, subsidiary boards and management, and staff for their support throughout his tenure.
Although stepping down as chairman, Mr Ashiru will remain on the board as a director until 2028, providing continuity as the group pursues its vision of building a N1 trillion asset portfolio by 2030.
