Okomu Oil Palm Company Plc says its total revenue from palm products rose to N172.6 billion in 2025, representing a 60.5 per cent increase compared to 2024.
The company also disclosed that cost of sales for the year under review stood at N112.339 billion, representing a 175.3 per cent increase over the previous year.
The Chairman of Okomu Oil Palm Company, Gbenga Oyebode, disclosed this at the company’s 46th Annual General Meeting (AGM) and 50th anniversary celebration in Abuja on Tuesday, May 26, 2026.
Oyebode said the company recorded a gross profit of N123.346 billion, 93 per cent higher than in 2024, while profit from continuing operations rose to N88.798 billion, representing a 103 per cent increase over the corresponding period.
Oyebode said Okomu Oil also delivered strong performance in its rubber segment, noting that in spite of mixed macroeconomic conditions and lower rubber output, the company recorded a total turnover of N198.2 billion, representing a 52 per cent increase year-on-year.
According to him, consolidated cost of sales rose by about 27.6 per cent, while consolidated gross profit increased by 79.5 per cent, rising from N78.5 billion in 2024 to N141 billion in 2025.
The company’s net profit from continuing operations also rose to N57.9 billion, compared to N39.9 billion in 2024, representing a 45 per cent increase.
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“We surpassed our previous year’s performance, achieving significant growth in both revenue and profitability,” Oyebode stated.
Oyebode attributed the performance to a strong strategy, disciplined execution, and the commitment of the board, management and staff to sustainable value creation for shareholders.
Oyebode also announced that the Board of Directors paid an interim dividend of N40 during the 2025 financial year, while proposing a final dividend of N15 per share, bringing total dividend payout to N55 per share.
He said the company had maintained a stable and well-controlled security environment across its operations, ensuring uninterrupted production activities.
According to him, operations in the palm and rubber divisions, including processing facilities, residential quarters and administrative units, recorded no significant security disruptions during the period.
Oyebode noted that the AGM marked a major milestone as the company celebrated its golden jubilee, describing 50 years of operations as a reflection of resilience, discipline and strategic vision.
…. Okomu Oil records N172.6bn revenue from palm products as profit hits N123.3bn ….. Primetimes.com.ng.
