Okomu Oil Palm Company Plc, Nigeria’s leading agro-industrial firm, has rewarded shareholders with a robust ₦30.00 interim dividend per 50 kobo ordinary share following a stellar performance in the first half (H1) of 2025.
In a regulatory filing to the Nigerian Exchange Limited (NGX) on Thursday, the company announced that only shareholders on the Register of Members as at the close of business on August 8, 2025, will qualify for the dividend. The register will be closed from August 11 to 15, with electronic dividend payments scheduled for August 22, subject to appropriate withholding tax deductions.
🔍 Solid Financials: Revenue, Profit, and Earnings All Soar
Okomu Oil’s financials for H1 2025 reflect significant year-on-year growth across all performance indicators:
- Revenue surged to ₦129.8 billion, up 73% from ₦75 billion in the same period of 2024.
- Profit after tax (PAT) from continuing operations more than doubled to ₦47.54 billion, from ₦20.2 billion in H1 2024 — a remarkable 135% increase.
- Basic earnings per share (EPS) jumped to ₦49.83, compared to ₦21.17 in the previous year.
This marks one of the strongest half-year performances in Okomu’s recent history, powered by elevated palm oil prices, improved yield efficiencies, and a resilient export strategy despite macroeconomic headwinds.
💡 Strategic Positioning Amid Volatile Economy
The strong dividend payout and soaring earnings underscore Okomu Oil’s strategic resilience in Nigeria’s inflation-challenged and volatile FX environment. While many consumer and manufacturing firms are grappling with cost pressures, Okomu has continued to capitalize on global demand for palm oil, expand production capacity, and deepen value addition across its supply chain.
This latest performance also affirms the company’s long-standing dividend consistency and investor value orientation, a key attraction for both domestic and foreign institutional investors seeking stability in Nigeria’s agribusiness sector.
BRANDECONOMY Insight: Agriculture as a Dividend Star
Okomu Oil’s H1 2025 results reinforce the investor case for agriculture as a defensive, high-margin sector in emerging markets. With palm oil as a globally traded commodity and rising global demand for plant-based alternatives, players like Okomu are uniquely positioned to weather FX turbulence, hedge inflation, and deliver strong returns.
The company’s forward-looking dividend policy, coupled with consistent earnings growth, also makes it one of the few listed agribusiness stocks consistently outperforming the market on both capital appreciation and income yield.
