Okomu Oil Palm Company Plc has projected a strong financial performance for the first quarter of 2026, forecasting a profit after tax of ₦38.7 billion, according to its profit and loss forecast presented to the stock market.
The forecast document made available on the Nigerian Exchange Limited (NGX) website on Wednesday, titled “Presentation of Forecast to the Stock Market – Forecast Profit & Loss Information 2026”, shows that the company expects a turnover of ₦97.05 billion in the first quarter of 2026.
Total expenses, comprising cost of sales as well as selling, general, and administrative expenses, are projected at ₦39.88 billion.
Based on these figures, Okomu Oil Palm is forecasting a profit before taxation of ₦57.17 billion. With no proposed exceptional or extraordinary items recorded, the profit before tax remains unchanged. The company expects to pay ₦18.48 billion in tax, resulting in a profit after tax of ₦38.70 billion for the period.
The cash flow forecast for the same period also indicates solid operating performance. Net result for the quarter is projected at ₦38.70 billion, while cash flow from operating activities is expected to stand at ₦19.78 billion. After accounting for working capital changes amounting to -₦1.77 billion, net cash flow from operating activities is projected at ₦18.01 billion.
Cash flow from financing activities is expected to record a slight outflow of ₦653.26 million, while investing activities are projected to result in a significant cash outflow of ₦9.20 billion.
Despite these outflows, the company is projecting a net increase in cash and cash equivalents of ₦46.85 billion. Cash and bank balance at the beginning of the period is estimated at ₦3.83 billion, with the closing cash and bank balance forecast to rise sharply to ₦50.69 billion by the end of the quarter.
The forecast signed by Felix Odighizuwa (FCA), Chief Accountant, and Dr. Graham Hefer, Managing Director, underscores management’s confidence in the company’s growth outlook for the 2026 financial year.
The strong profit and cash position projection is likely to boost investor confidence as the company continues to consolidate its position in Nigeria’s agribusiness sector and the Nigerian Exchange market.
News.ng reports that shares of Okomu Oil Palm closed at ₦1,110.00 per share on the Nigerian Exchange (NGX) on Tuesday, December 2, 2025, capping another strong session for the agro-allied firm.
The stock began the 2025 trading year at ₦444.00 per share and has since recorded a 150 per cent year-to-date gain, placing it 22nd on the NGX earnings table in terms of price performance so far this year. The remarkable rally underscores sustained investor confidence in the company’s fundamentals and growth outlook.
Data available revealed that over the past three months, from September 3 to December 2, 2025, Okomu Oil Palm ranked as the 102nd most traded stock on the NGX by volume. During the period, the stock recorded a total trading volume of 13.8 million shares across 27,317 transactions, with a cumulative market value of ₦14.1 billion.
The stock averaged 218,266 shares per trading session over the three-month window, reflecting moderate but consistent market participation.
Trading activity peaked on November 3, 2025, when a volume high of 2.14 million shares was recorded. In contrast, the lowest trading volume of 36,434 shares occurred on October 10, 2025, during the same period.
