Odu’a Group Posts N23b PBT, Targets N1tn Assets by 2030

Odu’a Investment Company Limited (OICL) has announced a significant financial performance for the 2025 financial year, posting a profit before tax of N23.58 billion. This figure represents a remarkable 410 percent increase compared to the N4.62 billion declared in the previous year.

The extraordinary surge in profitability was primarily fueled by substantial fair value gains on investment properties, amounting to N18.81 billion, coupled with a robust bullish trend in the Nigerian stock market. The conglomerate also saw its operating revenue climb sharply by 78 percent, reaching N20.22 billion from N11.34 billion in 2024. OICL highlighted this exceptional performance across key metrics, achieved despite a challenging macroeconomic landscape.

Group Chairman Bimbo Ashiru, speaking at the 44th Annual General Meeting in Ibadan, noted that the year was marked by strategic milestones that have repositioned the organization. Among these was the commissioning of the historic Premier Hotel, following an extensive remodeling project. The hotel is slated to commence full operations in the fourth quarter of 2026, with aspirations to become the city's premier hospitality destination.

Further underscoring its growth ambitions, Group Managing Director Abdulrahman Yinusa revealed that OICL has initiated the process to secure its first-ever foreign credit rating. This strategic move is expected to enhance the conglomerate's ability to access international debt capital markets and attract foreign direct investment, aligning with its long-term goal of reaching N1 trillion in assets by 2030.

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The year under review was marked by several strategic milestones that have permanently repositioned the organization