Okomu Oil Plc has had a 12 months of extraordinary development, and shareholders are actually poised to reap the rewards of the corporate’s exceptional efficiency.
For the 9 months ending September 2025, Okomu posted a revenue of N60.33 billion, surpassing the full-year 2024 revenue by 50%, and marking the best revenue prior to now 5 years.
Income rose sharply to N174 billion, up 63% year-on-year, outpacing even the corporate’s full-year income in 2024 and establishing a brand new benchmark for the previous half-decade.
Earnings per share (EPS) inform the same story of development and resilience.
Buyers who’ve been loyal to the inventory know that Okomu tends to retain earnings to fund operational development fairly than over-distribute income.
Nonetheless, 2025 exhibits a transparent shift within the firm’s strategy to rewarding shareholders.
The H1 2025 interim dividend of N30 per share is almost 4 occasions the N8 per share paid in H1 2024, and the 9-month interim dividend of N10 represents a five-fold enhance from the N2 per share recorded for a similar interval final 12 months.
Mixed, shareholders have already acquired N40 per share, equating to roughly N38.16 billion in money payouts, or 63% of the nine-month revenue.
Utilizing historic payout patterns and the expansion in interim dividends, a projected closing dividend of N44 per share is affordable and achievable.
In 2024, the ultimate dividend was N26 per share, and scaling for the distinctive interim dividends paid in 2025 helps a complete dividend of N84 per share for the complete 12 months.
This is able to mark a major step in aligning shareholder returns with the corporate’s operational efficiency and money circulate power.
Over the previous 5 years, Okomu has generated N137.5 billion from working actions, spent N54.4 billion on capital expenditure, and accrued N83 billion in free money circulate, with retained earnings rising to N60.87 billion as of September 2025, ample proof of the capability to help larger dividends.
The corporate’s inventory has mirrored its operational success.
From N444 at the beginning of 2025, Okomu’s share worth climbed to N1,020, delivering 130% year-to-date features for buyers.
Those that took a place in December 2024 have loved substantial capital features along with interim dividends.
The upcoming N10 dividend payable on November 14, 2025, for shareholders on document as of October 31 additional reinforces the wealth creation narrative.
Trying forward, the corporate’s robust fundamentals, profitability, and free money circulate underpin a six-month worth goal of N1,200–N1,300, supported by the projected N84 closing dividend in April 2026.
By paying a sturdy closing dividend, Okomu not solely rewards buyers for his or her loyalty but additionally strengthens confidence within the inventory.
Okomu Oil’s story in 2025 is one among sustained development, operational excellence, and strategic worth creation. Profitability, money era, and capital allocation have by no means been stronger.
But, it’s the shareholders who’ve carried the inventory by previous years of regular development who deserve a proportionate reward.
In a 12 months of document income and market-beating returns, Okomu Oil Plc demonstrates that robust company efficiency and shareholder reward needn’t be mutually unique.
Buyers who’ve supported the corporate are actually in line to see that help mirrored not solely in capital appreciation however in a dividend payout that matches the growth.
