In 2025, Nigeria’s two palm oil giants, Okomu Oil Plc and Presco Plc, once again demonstrated their dominance in the agricultural landscape.
Riding on the back of elevated palm oil prices, resilient domestic demand, both companies delivered strong results in the first nine months of 2025, as reflected in their unaudited nine-month 2025 results for the period ended September 2025
But who performed better and offers better value to investors?
Okomu Oil Plc maintained its growth momentum, closing the first nine months of 2025 with N174.0 billion in revenue, up 63% year-on-year.
Presco Plc, on the other hand, delivered stronger numbers across all fronts.
Over the longer term, Presco Plc has compounded its earnings strength more effectively, building a retained earnings base of N195.52 billion, more than three times that of Okomu’s N60.87 billion.
On growth trajectory, Okomu Oil has expanded faster, recording a compound annual growth rate (CAGR) of 68% in profit over the past five years, compared to Presco’s 49%. However, in absolute terms, Presco remains the clear leader, generating a cumulative N285 billion in total profit over the same period, far exceeding Okomu’s N91 billion.
Reflecting these stellar results, both companies’ share prices have rallied sharply in 2025, significantly outperforming the broader NGX All-Share Index, which is up 44.74% year-to-date.
Both stocks have delivered outstanding share price performances in 2025, far outpacing the broader market.
In summary, Presco wins momentum and valuation strength, while Okomu stands out for liquidity and dividend appeal — giving investors two compelling, yet distinct, plays in the palm oil sector.
Balance sheet
Presco has been expanding rapidly, with its total assets growing by about 29%.
Okomu Oil has a stronger balance sheet, low debt, high returns, and minimal financial risk.
Presco shows faster asset growth but relies heavily on debt, making its expansion more leveraged and riskier.
Valuation – Who’s cheaper and who rewards investors more?
When it comes to buying a stock, investors usually look at how much they’re paying for the profits, the company’s assets, and the dividends you’ll get.
Let’s see how Okomu Oil and Presco compare.
What this means: Okomu is a bit more expensive if you compare the price to earnings or assets. But it gives back more money to shareholders through dividends, making it attractive if you want a regular income.
What this means: Okomu is a bit more expensive if you compare the price to earnings or assets. But it gives back more money to shareholders through dividends, making it attractive if you want a regular income.
Presco Plc:
What this means: Presco is cheaper relative to its profits and assets, giving investors more value for each naira spent.
The dividend is smaller, so it’s less rewarding in the short term but offers more potential for price growth.