BENIN CITY, July 25, 2025 – Okomu Oil Palm Company Plc has posted a staggering second-quarter profit of ₦34.841 billion for the period ended June 30, 2025, marking a 459% increase from the ₦6.23 billion recorded in the same period last year.
The impressive growth, which beat analysts’ forecasts, is attributed to strong revenue performance, effective cost management, and favourable global commodity prices. The company’s financials, released on Wednesday, indicate significant gains across major income lines, with revenue rising to ₦49.7 billion, reflecting robust demand for crude palm oil and rubber in both local and export markets.
According to industry analysts, Okomu Oil’s operational efficiency and strategic investments in plantation expansion and processing technology have played a crucial role in sustaining momentum amid broader economic challenges affecting the agricultural sector.
Despite inflationary pressures and rising production costs faced by manufacturers across Nigeria, Okomu Oil’s cost-to-income ratio showed signs of improvement, underscoring the company’s ability to manage input costs while maximising returns.
Market watchers note that the company’s performance reflects renewed investor confidence in Nigeria’s agribusiness potential, particularly in the palm oil sub-sector which has seen increased government attention and private sector investment in recent years.
With this quarterly performance, Okomu Oil is now on course to surpass its full-year earnings target, setting a benchmark for peer companies in the agro-allied sector. Investors on the Nigerian Exchange have reacted positively, as the company’s share price saw a marginal uptick following the announcement.
The company reaffirmed its commitment to delivering value to shareholders and supporting Nigeria’s agricultural transformation agenda through sustainable practices and export-focused growth strategies.