Okomu Oil Palm Plc has published its second quarter result for the period ended March June 30, 2025 showcasing a remarkable improvement in performance.

The company’s standalone earnings per share (EPS) skyrocketed to N27.05, representing a substantial 404.4% year-on-year increase.

The strong performance was driven by broad-based sales growth, both locally and through exports. Revenue grew by 127.5% year-on-year, underpinned by stronger Crude Palm Oil (CPO) prices.

The company’s gross margin expanded significantly, reflecting a slower rise in the cost of sales relative to topline growth.

Okomu Oil Palm Plc’s EBITDA and EBIT margins also expanded, driven by improved operational efficiency and proactive cost management.

The company’s profit before tax increased by 458.9% year-on-year, with a profit after tax of N25.80 billion.

The strong Q2-25 performance is expected to be sustained over the rest of the year, supported by strong domestic pricing dynamics, cost efficiency, and a more stable currency environment.

However, there is a risk of softer global CPO prices in H2-25, which may dampen revenue momentum.