Okomu Oil shareholders approve N14.3 billion final dividend for 2025
By Aboki Forex —
Shareholders of Okomu Oil Palm Company Plc have approved the N14.3 billion final dividend proposed by the board for the 2025 financial year. The cash payout of N15 per share was endorsed at the 46th annual general meeting held on 26 May in Abuja. It is subject to withholding tax at the applicable rate.
Okomu Oil is involved in oil palm plantation development, palm oil milling, palm kernel processing, and rubber plantations. Earlier this year, the company paid an interim dividend of N30 per share, worth N28.6 billion, after releasing its half-year results.
Like its biggest rival Presco, Okomu Oil declared a special dividend of N10 per share last October. That payout of N9.5 billion followed a net profit for the first nine months of 2025 that more than doubled to N60.3 billion.
The three dividend announcements for the year bring total cash rewards to N55 per share, or N52.5 billion. That is a 52.8 percent increase over the total dividend for 2024, when N34.3 billion was shared at N36 per share.
Okomu Oil, where Luxembourg-based Socfin S.A holds a 62.9 percent stake, reported a net profit of N58 billion for the full year 2025. That was up from N40 billion a year earlier, driven by higher income from palm oil production. Revenue rose to N198.1 billion from N130.2 billion, a 52.2 percent jump. Total assets stood at N138.9 billion, an 18.6 percent increase year on year.
Okomu Oil shares have gained 144 percent over the past year.