Okomu Oil Palm Forecasts ₦9.47bn Profit After Tax for 2026

The company’s 2026 forecast profit and loss information, shows a projected turnover of ₦40.53 billion for the fourth quarter.

Against the anticipated revenue, Okomu Oil Palm expects total expenses, comprising cost of sales as well as selling, general and administrative expenses, to amount to ₦26.78 billion.

This is expected to result in a profit before taxation of ₦13.75 billion. The company made no proposed adjustment for exceptional or extraordinary items in the forecast, leaving its profit before taxation and exceptional or extraordinary items at the same ₦13.75 billion level.

The forecast tax charge is put at ₦4.29 billion, leaving the company with an estimated profit after taxation of ₦9.47 billion.

Based on the projected figures, Okomu Oil Palm’s after-tax profit would represent a margin of approximately 23.4 per cent of forecast turnover, highlighting the company’s expectation of maintaining strong profitability despite significant operating costs.

The company’s cash flow projections also point to substantial movements in its liquidity position during the period. Okomu Oil Palm forecasts a net result of ₦9.47 billion, broadly corresponding with its projected profit after tax. Cash flow from operating activities is estimated at ₦5.84 billion, while changes in working capital are expected to result in a negative ₦1.35 billion adjustment.

After the working capital impact, the company projects net cash flow from operating activities of ₦4.49 billion.

The forecast further shows a ₦8.65 billion cash outflow from financing activities and ₦3.30 billion from investing activities, indicating significant cash requirements outside the company’s core operating activities.

The document records a net movement in cash and cash equivalents of ₦2.00 billion, with cash and bank balances at the beginning of the period stated at ₦7.09 billion. The projected cash and bank balance at the end of the period is consequently listed at ₦9.09 billion.

The figures suggest that Okomu Oil Palm expects to remain profitable while navigating sizeable financing and investment related cash movements. The company’s ability to generate positive operating cash flow will therefore remain an important factor for investors assessing the quality and sustainability of its projected earnings.

However, investors should note that the figures are forward looking forecasts rather than audited results and may ultimately differ from the company’s actual financial performance.

The forecast was presented under the signatures of Felix Odighizuwa, Chief Accountant, and Dr. Graham Heffer, Managing Director, on behalf of Okomu Oil Palm Company Plc.

Overall, the projection paints a picture of a company expecting robust fourth-quarter earnings, with ₦40.53 billion in revenue, ₦13.75 billion in pre-tax profit and ₦9.47 billion in post-tax earnings forming the key financial highlights for investors tracking the company’s outlook for 2026.