Okomu Oil Palm Profit Falls 12% in H1 2026 Despite Cash Rise Shares

Okomu Oil Palm Plc reported a pre‑tax profit of N58.99 billion for the six months ended June 30 2026, down 12.03% from N67.05 billion in H1 2025. Second‑quarter pre‑tax profit was N24.89 billion, down 27.00% from the first quarter and down 28.58% from Q2 2025. Profit after tax fell 16.42% to N39.73 billion. Revenue declined 3.50% to N125.29 billion, with local sales (≈90% of revenue) down 3.19% to N113.22 billion and export sales down 6.38% to N12.06 billion. Cost of sales rose 3.84% to N44.56 billion, driven by higher oil palm and rubber costs, while net operating expenses increased 12.23% to N20.79 billion and finance costs rose 8.85% to N1.57 billion, mainly from an exchange loss of N1.18 billion. On the balance sheet, total assets grew to N166.71 billion (up 20.06% from Dec 2025) and cash surged to N21.40 billion (up 65.34%). The stock closed at N1,418.00 per share on July 28, a 29.50% year‑to‑date gain. With profits slipping but cash reserves strengthening, will you hold Okomu shares for a potential rebound, increase your position on the dip, or look elsewhere in the agro‑allied sector for better returns?

SOURCE: https://nairametrics.com/2026/07/29/okomu-oil-h1-2026-pre-tax-profit-falls-12-to-n59-billion/