The Okomu Oil Palm Company Plc for the period ended March 31, 2025: Key Financial Highlights (Q1 2025 vs Q1 2024) Metric Mar-25 (₦'000) Mar-24 (₦'000) % Change Turnover 58,110,161 43,482,839 ▲ 33.6% Cost of Sales 15,496,015 10,324,982 ▲ 50.0% Gross Profit 42,614,146 33,157,857 ▲ 28.5% Net Operating Expenses 9,591,361 8,331,718 ▲ 15.1% Operating Profit Before Fair Value/Finance Income 33,022,785 24,826,139 ▲ 33.0% Finance Income 66,706 2,719,148 ▼ 97.5% Finance Costs 886,788 4,512,073 ▼ 80.4% Profit Before Tax (PBT) 32,202,703 23,033,214 ▲ 39.8% Taxation 10,464,531 7,952,385 ▲ 31.6% Profit After Tax (PAT) 21,738,172 15,080,829 ▲ 44.1% Basic Earnings Per Share (EPS) 2,279 Kobo 1,581 Kobo ▲ 44.1% Statement of Financial Position Summary (as at March 31, 2025) Category Mar-25 (₦'000) Dec-24 (₦'000) % Change Fixed Assets + ROU + Bio Assets 86,490,723 76,991,900 ▲ 12.4% Current Assets 78,337,284 40,046,038 ▲ 95.7% ▸ Cash & Bank 52,217,440 17,334,904 ▲ 201.2% Current Liabilities 45,400,430 26,111,091 ▲ 73.9% Net Current Assets 32,936,854 13,934,947 ▲ 136.3% Long-Term Liabilities 29,187,366 22,424,808 ▲ 30.2% Net Assets 77,216,467 55,478,295 ▲ 39.2% Key Observations Strong Revenue Growth : A 34% increase in turnover reflects higher output or pricing, likely supported by robust palm oil and rubber demand. Margin Expansion : Despite a 50% increase in cost of sales, the company maintained a healthy gross profit margin (~73.3%).
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