Okomu to pay N14bn as final dividend to shareholders

Okomu Oil Palm Plc has announced plans to pay a final dividend of N14.3 billion to shareholders in 2025, after nearly doubling its profit, driven by increasing sales volume and favorable crude palm oil prices.

The proposed payout translates into a significant return for investors and reflects the company’s robust earnings growth amid a challenging operating environment.

In a corporate disclosure, the company said a final dividend of N15.00 for every ordinary share of 50 kobo each, subject to appropriate withholding tax and approval, will be paid to shareholders whose names appear on the Register of Members as at the close of business on April 27, 2026.

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Earlier, the agribusiness firm, which is one of Nigeria’s leading palm oil producers, paid out an interim dividend of N40.00 during the fiscal year 2025 to reward our loyal shareholders for their continued trust and support. which would translate into a total dividend payout of N55 per share, to shareholders for the financial year 2025.

According to its audited statement filed with the Nigerian Exchange, revenue increased by 52 percent to N198.15 billion, supported by an increase in CPO sales, which grew 60.5 percent to N172.6 billion. The rubber segment also gained marginally by 13.3 percent to N25.5 billion, contributing 12.9 percent to total revenue.

Profit after tax rose to N63.53 billion in 2025, compared to N39.95 billion in the same period two years ago. This is as gross profit jumped 71 percent to N139.55 billion, reflecting improved margins amid higher palm oil prices.

Read also: Okomu Oil nearly doubles full-year profit on sales growth

Cost of sales increased 21 percent to N58.59 billion, from N48.48 billion a year earlier, reflecting higher input and operating costs. Costs rose at a slower pace than revenue, suggesting margin expansion, likely driven by oil palm’s stronger pricing and scale.

Finance income slowed to N11.07 billion from N13.90 billion, while finance costs rose to N13.77 billion from N10.07 billion, turning previous net finance gains into a slight net finance loss. Nevertheless, profit before tax grew by 63.6 percent YoY to N87.3 billion, with margin adding 3.0 percentage points (ppts) to settle at 44.1 percent in FY’25.