Okomu Oil Plc has reported a stellar financial performance in 2025, setting multiple company records and positioning shareholders for one of the largest dividend payouts in its history.
For the nine months ended September 2025, the company recorded a profit of N60.33 billion, surpassing its entire 2024 profit by 50% — the highest in five years. Revenue also jumped 63% year-on-year to N174 billion, exceeding last year’s full-year figures and establishing a new benchmark for growth.
Strong earnings and conservative payout history
Earnings per share (EPS) surged to N63.25, representing a 113% increase year-on-year and marking the highest level in five years. Over the same period, EPS has grown at a compound annual growth rate (CAGR) of 90%.
Despite this growth, Okomu Oil has historically maintained a conservative dividend policy, with dividends growing at a CAGR of 50%. The company typically reinvests profits into operations rather than paying out large portions to shareholders.
2025: A shift toward higher shareholder rewards
This year, however, signals a strategic shift. The H1 2025 interim dividend rose sharply to N30 per share, nearly four times the N8 per share declared in H1 2024. Additionally, a 9-month interim dividend of N10 was announced — five times higher than the N2 per share paid during the same period last year.
In total, shareholders have already received N40 per share in 2025, translating to N38.16 billion in cash payouts — roughly 63% of the nine-month profit.
Projected final dividend and cash flow strength
Based on past payout trends and the company’s strong interim performance, analysts project a final dividend of N44 per share, bringing the total dividend for 2025 to N84 per share.
Okomu Oil’s financials easily support this level of payout. Over the last five years, the firm generated N137.5 billion in operating cash flow, spent N54.4 billion on capital projects, and built N83 billion in free cash flow. Retained earnings stood at N60.87 billion as of September 2025.
Stock performance and investor outlook
Okomu Oil’s stock has reflected its strong fundamentals, climbing from N444 at the start of 2025 to N1,020, delivering a 130% year-to-date gain. Investors who bought in late 2024 have enjoyed significant capital appreciation alongside rising dividends.
The upcoming N10 interim dividend, payable on November 14, 2025, to shareholders on record as of October 31, reinforces the company’s commitment to rewarding investors.
Looking ahead, analysts project a 6-month share price target of N1,200–N1,300, supported by continued earnings momentum and the anticipated N84 total dividend in April 2026.
Bottom line
Okomu Oil’s 2025 performance reflects a powerful combination of operational efficiency, strong cash generation, and shareholder value creation.
By aligning dividend payouts more closely with record profits, the company is not only recognizing shareholder loyalty but also setting a new standard for corporate reward in Nigeria’s equity market.
For investors, Okomu Oil’s 2025 success marks both a financial milestone and a symbol of confidence in one of Nigeria’s most resilient agribusinesses.
