Okomu Oil Projects N11.97bn Profit After Tax For Q2 2026

Okomu Oil Palm Company Plc has projected a profit after tax of about N11.97 billion for the second quarter of 2026, according to its financial forecast submitted to the stock market.

The company expects to generate a turnover of N51.54 billion during the period, while total expenses, including cost of sales and selling, general, and administrative costs, are projected at N34.06 billion.

Based on the forecast, profit before tax is expected to reach N17.48 billion, with an estimated tax expense of N5.51 billion. This is projected to result in a profit after tax of N11.97 billion for the quarter.

The projection also outlined the company’s anticipated cash flow position for 2026. Okomu Oil Palm forecasts a net result of N11.97 billion, while cash flow from operating activities is expected to amount to N6.86 billion.

However, the company projected negative operating cash flow from working capital changes of about N16.72 billion, resulting in a net cash flow from operating activities deficit of N9.86 billion.

Cash flow from financing activities is expected to record an outflow of N35.65 billion, while cash flow from investing activities is projected to record an outflow of about N4.90 billion.

As a result, the company anticipates a net decrease in cash and cash equivalents of N38.44 billion during the period.

Despite the projected decline, Okomu Oil Palm expects its cash and bank balance to close the period at about N12.25 billion, compared with an opening balance of N50.69 billion.