Okomu Oil shareholders approve N14.3 billion final dividend payout

Shareholders of Okomu Oil Palm Company Plc have endorsed a final dividend payout of ₦14.3 billion for the 2025 financial year. This decision, announced following the company's 46th annual general meeting in Abuja, translates to ₦15 per share, subject to withholding tax. The approval reflects strong financial performance and shareholder confidence in the company's operations.

The total dividend distribution for the 2025 financial year, including an interim dividend of ₦30 per share (₦28.6 billion) and a special dividend of ₦10 per share (₦9.5 billion) declared earlier, amounts to ₦55 per share, totaling ₦52.5 billion. This marks a substantial 52.8% increase compared to the ₦34.3 billion shared with shareholders in 2024.

Okomu Oil, with Luxembourg-based Socfin S.A holding a 62.9% stake, reported a net profit of ₦58 billion for the 2025 financial year, up from ₦40 billion in the prior year. This growth was fueled by increased income from palm oil production, with revenue rising to ₦198.1 billion from ₦130.2 billion. The company's assets also saw an 18.6% increase, reaching ₦138.9 billion. Okomu Oil shares have experienced significant growth, gaining 144% over the past year.