Balance Sheet The Okomu Oil Palm Company Plc

Equities

OKOMUOIL

NGOKOMUOIL00

Food Processing

End-of-day quote Nigerian S.E. Other stock markets 2026-03-12			5-day change	1st Jan Change
1,765.00 ^NGN	0.00%		0.00%	+61.19%

Mar. 05	Okomu Oil Palm Company expects Q2 2026 PBT 17.48 bln NGN	RE
Jan. 30	The Okomu Oil Palm Company Plc Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2025	CI

ee9bc6ddc.aCET6ReFxZbhvCZGJ18RfrNeyZiVofh46Y3m5Ii_uYI.GlQqjk7olP6bkUV-UxslENRpm97l945NueHVo-n909tRdkWNXOiP7q73cw

Published financial data: THE OKOMU OIL PALM COMPANY PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	25.47B	37.39B	59.32B	75.11B	130B
Other Revenues, Total	-	221M	468M	407M	471M
Total Revenues	25.47B	37.62B	59.79B	75.52B	131B
Cost of Goods Sold, Total	5.18B	7.55B	13.04B	14.07B	24.48B
Gross Profit	20.3B	30.07B	46.75B	61.45B	106B
Selling General & Admin Expenses, Total	9.36B	1.29B	12.41B	14.45B	29.98B
Provision for Bad Debts	-	-	-	-	-
Depreciation & Amortization - (IS)	2.3B	2.87B	3.73B	7.27B	9.66B
Other Operating Expenses	-179M	9.61B	5.78B	9.94B	14.42B
Other Operating Expenses, Total	11.49B	13.78B	21.92B	31.66B	54.07B
Operating Income	8.81B	16.29B	24.83B	29.78B	52.13B
Interest Expense, Total	-52.06M	-672M	-1.07B	-3.67B	-4.6B
Interest And Investment Income	6.33M	48.92M	4.97M	5.22M	5.29M
Net Interest Expenses	-45.73M	-623M	-1.07B	-3.67B	-4.59B
Currency Exchange Gains (Loss)	-17.37M	217M	-694M	3.03B	5.15B
Other Non Operating Income (Expenses)	-	-	-	4.6B	458M
EBT, Excl. Unusual Items	8.75B	15.89B	23.07B	33.75B	53.14B
Gain (Loss) On Sale Of Assets	-	-	-32.43M	-2.62M	78.07M
Asset Writedown	-	127M	251M	89.48M	333M
Insurance Settlements	99.2M	48.61M	225M	-	-
Other Unusual Items	-	52.53M	-	-	-
EBT, Incl. Unusual Items	8.85B	16.11B	23.52B	33.84B	53.56B
Income Tax Expense	1.07B	4.58B	7.29B	13.19B	13.6B
Earnings From Continuing Operations	7.78B	11.54B	16.23B	20.65B	39.96B
Net Income to Company	7.78B	11.54B	16.23B	20.65B	39.96B
Net Income - (IS)	7.78B	11.54B	16.23B	20.65B	39.96B
Net Income to Common Incl Extra Items	7.78B	11.54B	16.23B	20.65B	39.96B
Net Income to Common Excl. Extra Items	7.78B	11.54B	16.23B	20.65B	39.96B
Per Share Items
Net EPS - Basic	8.16	12.1	17.02	21.64	41.89
Basic EPS - Continuing Operations	8.16	12.1	17.02	21.64	41.89
Basic Weighted Average Shares Outstanding	954M	954M	954M	954M	954M
Net EPS - Diluted	8.16	12.1	17.02	21.64	41.89
Diluted EPS - Continuing Operations	8.16	12.1	17.02	21.64	41.89
Diluted Weighted Average Shares Outstanding	954M	954M	954M	954M	954M
Normalized Basic EPS	5.73	10.41	15.12	22.11	34.82
Normalized Diluted EPS	5.73	10.41	15.12	22.11	34.82
Dividend Per Share	7	8	21	18.5	36
Payout Ratio	24.52	57.87	99.91	76.23	57.3
Supplemental Items
EBITDA	11.11B	19.16B	28.5B	34.18B	57B
EBITA	8.81B	16.29B	24.83B	29.78B	52.13B
EBIT	8.81B	16.29B	24.83B	29.78B	52.13B
EBITDAR	-	-	30.58B	35.57B	60.82B
Effective Tax Rate - (Ratio)	12.04	28.4	30.98	38.99	25.39
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	998M	1.35B	4.96B	10.3B	11.98B
Total Deferred Taxes	-	2.74B	1.62B	1.66B	131M
Normalized Net Income	5.47B	9.93B	14.42B	21.09B	33.22B
Interest Capitalized	-	-	698M	-	-
Interest on Long-Term Debt	52.06M	672M	1.07B	3.67B	4.6B
Non-Cash Pension Expense	130M	154M	217M	272M	351M
Supplemental Operating Expense Items
General and Administrative Expenses	3.53B	-	-	-	-
Net Rental Expense, Total	-	-	2.08B	1.39B	3.81B
Imputed Operating Lease Interest Expense	-	-	3.08B	2.65B	6.83B
Imputed Operating Lease Depreciation	-	-	-1B	-1.26B	-3.01B
Maintenance & Repair Expenses, Total	519M	902M	1.29B	1.55B	1.81B

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	4.57B	9.96B	5.84B	8.45B	17.33B
Total Cash And Short Term Investments	4.57B	9.96B	5.84B	8.45B	17.33B
Accounts Receivable, Total	528M	385M	541M	2.47B	3.12B
Other Receivables	349M	151M	738M	1.32B	-
Notes Receivable	127M	142M	-	-	-
Total Receivables	1B	678M	1.28B	3.78B	3.12B
Inventory	4.81B	4.95B	6.36B	10.21B	11.97B
Prepaid Expenses	140K	482K	358K	338K	-
Other Current Assets, Total	5.72B	112M	1.95B	2.65B	7.62B
Total Current Assets	16.1B	15.7B	15.43B	25.09B	40.05B
Gross Property Plant And Equipment	53.13B	66.57B	77.42B	97.57B	113B
Accumulated Depreciation	-14.22B	-16.49B	-20.35B	-27.56B	-36.49B
Net Property Plant And Equipment	38.91B	50.08B	57.07B	70.01B	76.99B
Other Long-Term Assets, Total	-	-1K	-	-	-
Total Assets	55.01B	65.77B	72.5B	95.1B	117B
Liabilities
Accounts Payable, Total	1.15B	1.21B	2.83B	2.61B	3B
Accrued Expenses, Total	2.42B	1.4B	1.11B	1.91B	331M
Current Portion of Long-Term Debt	429M	935M	821M	1.41B	1.54B
Current Portion of Leases	-	67.55M	79.03M	2.58B	4.13B
Current Income Taxes Payable	980M	2.23B	5.94B	11.59B	13.67B
Unearned Revenue Current, Total	1.1B	1.54B	1.99B	1.89B	2.13B
Other Current Liabilities	222M	1.45B	1.15B	1.13B	5.44B
Total Current Liabilities	6.31B	8.84B	13.92B	23.12B	30.24B
Long-Term Debt	10.94B	7.96B	9.15B	7.98B	6.39B
Long-Term Leases	-	79.03M	-	8.74B	8.33B
Unearned Revenue Non Current	-	3.3B	2.05B	1.06B	735M
Pension & Other Post Retirement Benefits	1.42B	1.68B	1.88B	2.23B	2.83B
Deferred Tax Liability Non Current	1.57B	9.85B	11.46B	13.09B	13.02B
Total Liabilities	20.23B	31.72B	38.46B	56.23B	61.56B
Common Stock, Total	477M	477M	477M	477M	477M
Additional Paid In Capital	1.87B	1.87B	1.87B	1.87B	1.87B
Retained Earnings	32.63B	31.96B	31.97B	36.89B	53.96B
Comprehensive Income and Other	-198M	-251M	-283M	-363M	-823M
Total Common Equity	34.78B	34.05B	34.03B	38.87B	55.48B
Total Equity	34.78B	34.05B	34.03B	38.87B	55.48B
Total Liabilities And Equity	55.01B	65.77B	72.5B	95.1B	117B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	954M	954M	954M	954M	954M
ECS Total Common Shares Outstanding	954M	954M	954M	954M	954M
Book Value / Share	36.46	35.7	35.68	40.75	58.16
Tangible Book Value	34.78B	34.05B	34.03B	38.87B	55.48B
Tangible Book Value Per Share	36.46	35.7	35.68	40.75	58.16
Total Debt	11.37B	9.04B	10.05B	20.71B	20.4B
Net Debt	6.8B	-914M	4.22B	12.26B	3.06B
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.42B	1.68B	1.88B	2.23B	2.83B
Debt Equivalent Oper. Leases	-	-	16.64B	11.11B	30.52B
Account Code - Inventory Valuation	3	5	5	6	6
Inventories - Raw Materials, Total	391M	-	-	-	-
Inventories - Finished Goods, Total	2.13B	1.78B	2.46B	5.06B	2.84B
Inventories - Others	2.29B	3.17B	3.9B	5.16B	9.13B
Land - (BS)	2.05B	2.05B	2.05B	2.05B	2.05B
Buildings, Total	6.02B	7.56B	9.64B	12.11B	13.66B
Machinery, Total	18.47B	30.29B	39.54B	43.95B	52.72B
Full Time Employees	1.39K	426	390	351	314

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	7.78B	11.54B	16.23B	20.65B	39.96B
Depreciation & Amortization - CF	2.3B	2.87B	3.73B	7.27B	9.66B
Depreciation & Amortization, Total	2.3B	2.87B	3.73B	7.27B	9.66B
(Gain) Loss From Sale Of Asset	-	-	32.43M	2.62M	-23.82M
Asset Writedown & Restructuring Costs	-	-127M	-251M	-89.48M	-333M
Other Operating Activities, Total	-3.08B	4.14B	5.85B	7.12B	3.77B
Change In Accounts Receivable	46.64M	5.93B	-723M	-2.52B	801M
Change In Inventories	-1.08B	-297M	-1.01B	-3.47B	-2.77B
Change In Accounts Payable	1.01B	-74.06M	1.56B	-708M	4.33B
Change in Other Net Operating Assets	3.5B	156M	-2.12B	-1.06B	-4.1B
Cash from Operations	10.49B	24.13B	23.3B	27.2B	51.29B
Capital Expenditure	-9.09B	-13.55B	-10.59B	-7.9B	-13.24B
Sale of Property, Plant, and Equipment	-	-	-	-	78.07M
Other Investing Activities, Total	-	48.92M	4.97M	5.22M	-826M
Cash from Investing	-9.09B	-13.5B	-10.59B	-7.9B	-13.99B
Long-Term Debt Issued, Total	2.4B	1.92B	-	-	-
Total Debt Issued	2.4B	1.92B	-	-	-
Long-Term Debt Repaid, Total	-	-447M	-592M	-3.02B	-4.77B
Total Debt Repaid	-	-447M	-592M	-3.02B	-4.77B
Common Dividends Paid	-1.91B	-6.68B	-16.22B	-15.74B	-22.89B
Common & Preferred Stock Dividends Paid	-1.91B	-6.68B	-16.22B	-15.74B	-22.89B
Other Financing Activities, Total	-	-34.73M	-24.92M	-1.88B	-3.28B
Cash from Financing	489M	-5.24B	-16.83B	-20.63B	-30.94B
Foreign Exchange Rate Adjustments	-	-	-	3.95B	2.52B
Miscellaneous Cash Flow Adjustments	-	-	-1K	1K	-
Net Change in Cash	1.88B	5.39B	-4.12B	2.61B	8.88B
Supplemental Items
Cash Interest Paid	-	34.73M	24.92M	1.88B	4.11B
Cash Income Tax Paid (Refund)	1.23B	599M	1.96B	5.87B	11.39B
Levered Free Cash Flow	-1.01B	6.2B	9.32B	14.75B	25.5B
Unlevered Free Cash Flow	-973M	6.62B	9.99B	17.05B	28.38B
Change In Net Working Capital	-309M	-7.13B	-1.33B	938M	629M
Net Debt Issued / Repaid	2.4B	1.47B	-592M	-3.02B	-4.77B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	11.17	16.81	22.45	22.21	30.72
Return on Total Capital	13.06	25.71	35.61	35.91	48.11
Return On Equity %	24.33	36.82	47.68	56.64	84.7
Return on Common Equity	24.33	36.82	47.68	56.64	84.7
Margin Analysis
Gross Profit Margin %	79.68	79.93	78.19	81.37	81.27
SG&A Margin	36.76	3.44	20.76	19.14	22.94
EBITDA Margin %	43.63	50.94	47.67	45.26	43.62
EBITA Margin %	34.58	43.31	41.53	39.44	39.89
EBIT Margin %	34.58	43.31	41.53	39.44	39.89
Income From Continuing Operations Margin %	30.54	30.68	27.15	27.34	30.58
Net Income Margin %	30.54	30.68	27.15	27.34	30.58
Net Avail. For Common Margin %	30.54	30.68	27.15	27.34	30.58
Normalized Net Income Margin	21.46	26.4	24.12	27.93	25.42
Levered Free Cash Flow Margin	-3.95	16.49	15.58	19.53	19.51
Unlevered Free Cash Flow Margin	-3.82	17.61	16.7	22.57	21.71
Asset Turnover
Asset Turnover	0.52	0.62	0.86	0.9	1.23
Fixed Assets Turnover	0.72	0.84	1.12	1.19	1.78
Receivables Turnover (Average Receivables)	75.23	81.9	128.12	49.96	36.98
Inventory Turnover (Average Inventory)	1.21	1.55	2.31	1.7	2.31
Short Term Liquidity
Current Ratio	2.55	1.77	1.11	1.09	1.32
Quick Ratio	0.86	1.19	0.51	0.53	0.68
Operating Cash Flow to Current Liabilities	1.66	2.73	1.67	1.18	1.7
Days Sales Outstanding (Average Receivables)	4.86	4.46	2.85	7.31	9.9
Days Outstanding Inventory (Average Inventory)	302.19	236.07	158.3	215.01	158.23
Average Days Payable Outstanding	59.82	56.2	51.07	55.5	37.57
Cash Conversion Cycle (Average Days)	247.24	184.33	110.08	166.81	130.56
Long Term Solvency
Total Debt/Equity	32.7	26.55	29.54	53.28	36.76
Total Debt / Total Capital	24.64	20.98	22.8	34.76	26.88
LT Debt/Equity	31.46	23.61	26.9	43.03	26.54
Long-Term Debt / Total Capital	23.71	18.65	20.76	28.07	19.41
Total Liabilities / Total Assets	36.78	48.23	53.06	59.12	52.6
EBIT / Interest Expense	169.2	24.26	23.18	8.11	11.34
EBITDA / Interest Expense	213.44	28.53	26.66	10.09	13.44
(EBITDA - Capex) / Interest Expense	38.82	8.35	16.78	7.93	10.56
Total Debt / EBITDA	1.02	0.47	0.35	0.56	0.33
Net Debt / EBITDA	0.61	-0.05	0.15	0.33	0.05
Total Debt / (EBITDA - Capex)	5.63	1.61	0.56	0.71	0.42
Net Debt / (EBITDA - Capex)	3.37	-0.16	0.23	0.42	0.06
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	18.92	59.85	58.96	26.3	73.05
Gross Profit, 1 Yr. Growth %	24.02	54.18	55.49	31.44	72.83
EBITDA, 1 Yr. Growth %	23.12	62.74	49.25	21.2	66.77
EBITA, 1 Yr. Growth %	19.32	73.18	52.43	21.39	75.04
EBIT, 1 Yr. Growth %	19.32	73.18	52.43	21.39	75.04
Earnings From Cont. Operations, 1 Yr. Growth %	54.08	292.15	40.66	27.21	93.53
Net Income, 1 Yr. Growth %	54.08	292.15	40.66	27.21	93.53
Normalized Net Income, 1 Yr. Growth %	15.96	85.9	45.24	44.86	57.46
Diluted EPS Before Extra, 1 Yr. Growth %	54.08	292.74	40.66	27.18	93.57
Accounts Receivable, 1 Yr. Growth %	255.38	-27.19	40.68	355.53	-20.42
Inventory, 1 Yr. Growth %	28.83	2.92	28.42	60.59	30.06
Net Property, Plant and Equip., 1 Yr. Growth %	21.13	27.53	13.96	22.67	10.77
Total Assets, 1 Yr. Growth %	26.19	18.8	10.23	31.18	23.07
Tangible Book Value, 1 Yr. Growth %	19.18	18.94	-0.05	14.22	42.71
Common Equity, 1 Yr. Growth %	19.18	18.94	-0.05	14.22	42.71
Cash From Operations, 1 Yr. Growth %	636.47	127.11	-3.43	16.71	82.03
Capital Expenditures, 1 Yr. Growth %	106.19	49.07	-21.85	-25.4	67.57
Levered Free Cash Flow, 1 Yr. Growth %	-73.49	-1.49K	50.19	61.52	72.9
Unlevered Free Cash Flow, 1 Yr. Growth %	-73.69	6.81K	50.78	73.92	66.47
Dividend Per Share, 1 Yr. Growth %	75	14.29	162.5	-11.9	94.59
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	3.66	32.52	59.4	41.69	47.84
Gross Profit, 2 Yr. CAGR %	3.11	35.55	54.83	42.96	50.72
EBITDA, 2 Yr. CAGR %	-2.75	45.7	55.59	33.79	42.17
EBITA, 2 Yr. CAGR %	-7.49	48.54	62.48	35.21	45.77
EBIT, 2 Yr. CAGR %	-7.49	48.54	62.48	35.21	45.77
Earnings From Cont. Operations, 2 Yr. CAGR %	-4.34	51.17	134.86	33.76	56.9
Net Income, 2 Yr. CAGR %	-4.34	51.17	134.86	33.76	56.9
Normalized Net Income, 2 Yr. CAGR %	-8.09	45.13	64.32	45.76	51.03
Diluted EPS Before Extra, 2 Yr. CAGR %	-4.34	51.17	135.04	33.75	56.9
Accounts Receivable, 2 Yr. CAGR %	20.87	60.86	1.21	153.14	140.13
Inventory, 2 Yr. CAGR %	23.61	15.15	14.97	43.61	37.18
Net Property, Plant and Equip., 2 Yr. CAGR %	15.03	24.85	20.56	18.24	16.15
Total Assets, 2 Yr. CAGR %	19.66	22.83	14.43	20.25	27.06
Tangible Book Value, 2 Yr. CAGR %	10.44	8.03	9.03	6.85	27.68
Common Equity, 2 Yr. CAGR %	10.44	8.03	9.03	6.85	27.68
Cash From Operations, 2 Yr. CAGR %	6.1	311.68	48.09	6.16	48.37
Capital Expenditures, 2 Yr. CAGR %	15.62	75.32	7.93	-23.65	11.81
Levered Free Cash Flow, 2 Yr. CAGR %	118.01	27.9	356.6	54.19	67.11
Unlevered Free Cash Flow, 2 Yr. CAGR %	87.26	33.84	920.64	60.42	70.15
Dividend Per Share, 2 Yr. CAGR %	52.75	41.42	73.21	52.07	30.93
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	1.98	16.64	40.8	47.5	51.46
Gross Profit, 3 Yr. CAGR %	1.09	16.35	41.89	46.6	52.29
EBITDA, 3 Yr. CAGR %	-3.6	17.7	46.71	42.66	43.98
EBITA, 3 Yr. CAGR %	-7.49	16.54	49.83	46.84	47.36
EBIT, 3 Yr. CAGR %	-7.49	16.54	49.83	46.84	47.36
Earnings From Cont. Operations, 3 Yr. CAGR %	-5.82	10.72	47.58	91.45	51.29
Net Income, 3 Yr. CAGR %	-5.82	10.72	47.58	91.45	51.29
Normalized Net Income, 3 Yr. CAGR %	-7.73	15.34	45.17	58.07	49.56
Diluted EPS Before Extra, 3 Yr. CAGR %	-5.82	10.72	47.58	91.53	51.29
Accounts Receivable, 3 Yr. CAGR %	-13.23	2.08	53.83	67.1	100.93
Inventory, 3 Yr. CAGR %	21.43	16.29	19.41	28.51	34.19
Net Property, Plant and Equip., 3 Yr. CAGR %	17.29	19.41	21.11	21.26	15.42
Total Assets, 3 Yr. CAGR %	20.71	19.63	18.48	19.76	21.18
Tangible Book Value, 3 Yr. CAGR %	14.55	6.09	5.26	10.73	17.67
Common Equity, 3 Yr. CAGR %	14.55	6.09	5.26	10.73	17.67
Cash From Operations, 3 Yr. CAGR %	2.87	37.34	153.89	36.79	28.58
Capital Expenditures, 3 Yr. CAGR %	10.3	25.84	33.93	-4.57	-0.78
Levered Free Cash Flow, 3 Yr. CAGR %	-17.37	208.4	34.94	220.75	60.19
Unlevered Free Cash Flow, 3 Yr. CAGR %	-20.06	187.96	39.27	462.3	62.41
Dividend Per Share, 3 Yr. CAGR %	32.64	38.67	73.8	38.26	65.1
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	17.89	17.69	20.01	26.08	43.57
Gross Profit, 5 Yr. CAGR %	17.04	17.57	18.93	26.34	45.36
EBITDA, 5 Yr. CAGR %	20.26	18.68	18.1	23.81	44.57
EBITA, 5 Yr. CAGR %	21.9	18.6	17.42	23.68	47.83
EBIT, 5 Yr. CAGR %	21.9	18.6	17.42	23.68	47.83
Earnings From Cont. Operations, 5 Yr. CAGR %	23.95	18.63	11.75	19.42	51.24
Net Income, 5 Yr. CAGR %	23.95	18.63	11.75	19.42	51.24
Normalized Net Income, 5 Yr. CAGR %	24.82	21.93	15.69	26.66	47.77
Diluted EPS Before Extra, 5 Yr. CAGR %	23.95	18.63	11.75	19.41	51.24
Accounts Receivable, 5 Yr. CAGR %	122.22	0.43	-7.72	46.79	83.82
Inventory, 5 Yr. CAGR %	26.41	23.56	18.8	26.53	26.22
Net Property, Plant and Equip., 5 Yr. CAGR %	17.68	21.88	18.8	18.94	19.1
Total Assets, 5 Yr. CAGR %	22.43	21.83	18.31	19.88	21.84
Tangible Book Value, 5 Yr. CAGR %	23.42	14.89	8.03	6.39	13.71
Common Equity, 5 Yr. CAGR %	23.42	14.89	8.03	6.39	13.71
Cash From Operations, 5 Yr. CAGR %	21.58	32.32	19.32	23.9	104.8
Capital Expenditures, 5 Yr. CAGR %	23.7	38.84	9.35	3.04	24.6
Levered Free Cash Flow, 5 Yr. CAGR %	44.14	20.21	39.21	133.72	46.4
Unlevered Free Cash Flow, 5 Yr. CAGR %	61.53	20.02	39.3	127.88	50.32
Dividend Per Share, 5 Yr. CAGR %	133.89	39.77	47.58	43.88	55.18