• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Equities Company Results

Okomu Oil sees 39.8% profit jump in first quarter 2025, on strong turnover 

Izuchukwu Okoye by Izuchukwu Okoye
May 2, 2025
in Company Results, Equities, Markets
Okomu Oil Palm
Share on FacebookShare on TwitterShare on Linkedin

Okomu Oil Palm Company PLC has reported a pre-tax profit of N32.2 billion in its first quarter 2025 financial statements, reflecting a 39.81% increase from N23.03 billion posted in the same period in 2024.

This impressive growth was driven by strong quarterly turnover, which stood at N58.1 billion from palm oil and rubber sales — a 33.64% increase from N43.4 billion in Q1 2023.

Local sales accounted for the majority of total revenue, contributing N50.7 billion or 87.3%, while export sales made up the remaining N7.3 billion.

RelatedStories

Conoil Plc,

Conoil Q1 2025: Borrowing surge collapses profit, debt now exceeds equity 

June 25, 2025
Linkage Assurance Plc reports 7.8% profit growth in Q1 as oil & gas lead insurance revenue 

Linkage Assurance Plc reports 7.8% profit growth in Q1 as oil & gas lead insurance revenue 

May 21, 2025

Cost of sales rose to N15.4 billion, reflecting a 50.08% increase from the prior year.

  • Nonetheless, the company recorded a gross profit of N42.6 billion, representing a 28.52% rise from N33.1 billion in Q1 2024.

Net operating expenses also saw an uptick, reaching N9.5 billion—a 15.12% increase compared to N8.3 billion the prior year. Despite the expense spike, operating profit climbed by 33.02% to N33.02 billion.

Also reported was a sharp decline in finance income, which dropped from N2.7 billion in Q1 2024 to N66.7 million, primarily due to a 97.59% fall in exchange gain to N65.5 billion. More favorably, finance costs decreased substantially to N886.7 million from N4.5 billion.

Key highlights: 

  • Turnover: N58.1 billion, +33.64% YoY
  • Cost of sales: N15.4 billion, +50.08% YoY
  • Gross profit: N42.6 billion, +28.52% YoY
  • Net operating expenses: N9.5 billion, +15.12% YoY
  • Operating profit: N33.02 billion, +33.02% YoY
  • Finance income: N66.7 million, -97.55% YoY
  • Pre-tax: N32.2 billion, +39.81% YoY

As of close of trading on April 30, 2025, shares of the company were priced at N524.70, with a year-to-date performance of 18.1%. In 2024, the company reported a year-to-date performance of 70.77% on the Nigerian stock market.


Follow us for Breaking News and Market Intelligence.
Tags: 2025 Q1 ResultsOkomu Oil Palm Company Plc
Izuchukwu Okoye

Izuchukwu Okoye

Okoye Izuchukwu is a financial market writer and trader with extensive expertise in both Nigerian and international markets. With a keen eye for market trends and a passion for insightful analysis, he translates complex financial concepts into engaging content. By combining practical trading experience with thorough research, Okoye offers valuable perspectives that empower readers to make informed decisions in the ever-evolving world of finance.

Related Posts

Conoil Plc,
Blurb

Conoil Q1 2025: Borrowing surge collapses profit, debt now exceeds equity 

June 25, 2025
Linkage Assurance Plc reports 7.8% profit growth in Q1 as oil & gas lead insurance revenue 
Company Results

Linkage Assurance Plc reports 7.8% profit growth in Q1 as oil & gas lead insurance revenue 

May 21, 2025
Champion Breweries Plc
Company Results

Champion Breweries ascends over 60% so far in May, shatters N5-resistance 

May 20, 2025
CBN's Oil Palm Initiative, Delta State
Commodities

Nigerian Palm Oil about to get expensive, Indonesia increases export levy

May 18, 2025
Lafarge Africa posts N152.2 billion pre-tax profit in 2024, declares a final dividend of 120 kobo  
Equities

Cordros raises Lafarge’s 2025 target price to N104.71 after strong Q1 results

May 11, 2025
BUA Foods
Equities

BUA Foods cuts product prices again in Q2 2025, cites efficiency gains and global stability 

May 8, 2025
Next Post
FG launches national livestock transformation programme in Plateau, targets job opportunities 

FG launches national livestock transformation programme in Plateau, targets job opportunities 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • IGP sues Abu Arome, 3 Ghanaians over alleged forgery of company shares allocation document
  • Nigeria’s oil rig count rises to 46 in July 2025 – NUPRC
  • Oyo State approves N7.7 billion for two surveillance aircraft to combat insecurity 

Follow us on social media:

Recent News

IGP prosecutes Nigerian businessmen over alleged N13.5 billion forex fraud dispute  

IGP sues Abu Arome, 3 Ghanaians over alleged forgery of company shares allocation document

July 9, 2025
Nigeria’s gas flare commercialisation programme could unlock $2.5 billion investment – NUPRC 

Nigeria’s oil rig count rises to 46 in July 2025 – NUPRC

July 9, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics