… Standalone EPS fell 72.2% to N3.36 (Q4-24: N12.06), bringing 2025FY EPS to N66.60 (2024FY: N41.89).
SAT JAN 31 2026-theGBJournal| Okomu Oil Palm Plc on Friday reported revenue decline of 7.3% y/y in Q4-25 (2025FY: +52.4% y/y), primarily driven by weakness in both local (-9.1% y/y | 73.4% of revenue) and export (-2.0% y/y | 26.6% of revenue) sales.
The drop is attributed to the subdued topline performance to lower Crude Palm Oil (CPO) prices, which fell by c.10.1% y/y during the period.
On a q/q basis, revenue declined by 45.1%, reflecting typical seasonal patterns in palm oil production.
Gross margin (+28.31ppts y/y) increased to 113.5%, following a likely inventory revaluation gain in the palm oil segment.
This more than offset the segment’s actual costs, resulting in a net negative cost of sales (N5.51 billion). Conversely, EBITDA (-32.57ppts y/y) and EBIT (-15.70 ppts y/y) margins contracted to 22.7% and 16.2%, respectively, due to a 69.2% y/y uptick in operating expenses.
For 2025FY, EBITDA (+282bps y/y) and EBIT (+735bps y/y) margins expanded to 48.3% and 45.4%, respectively.
Below the operating line, OKOMUOIL recorded a net finance cost of N703.28 million in Q4-25 (vs a net finance income of N4.23 billion in Q4-24) following a 696.3% y/y increase in finance cost, mainly driven by a significant increase in exchange losses (+14.5x y/y to N10.93 billion).
For the 2025FY period, the company recorded a net finance cost of N2.71 billion (vs net finance income of N3.83 billion in 2024FY).
Overall, profit before tax declined by 74.3% y/y to N3.23 billion in Q4-25 (Q4-24: N12.57 billion).
Following a tax expense of N25.09 million (Q4-24: N1.06 billion), profit after tax came in at N3.20 billion (Q4-24: N11.51 billion).
For 2025FY, profit after tax increased by 59.0% y/y to N63.53 billion (2024FY: N39.96 billion).
Meanwhile, standalone EPS fell 72.2% to N3.36 (Q4-24: N12.06), bringing 2025FY EPS to N66.60 (2024FY: N41.89).
”Looking ahead to 2026FY, we expect elevated global CPO prices, driven by constrained supply and rising demand, to support revenue growth,” said analysts at Cordros Research.
”Additionally, strong volume growth in the rubber segment should provide further revenue uplift.”
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