Nigeria’s leading palm oil producers are poised to post record profits of N161 billion in 2025, driven by surging crude palm oil (CPO) prices and strong operational fundamentals, according to a new report by Afrinvest West Africa.
The report projects that the combined profit before tax (PBT) of Okomu Oil Palm Plc and Presco Plc, Nigeria’s two listed palm oil giants, will rise 38.8 percent year-on-year from N166.8 billion in 2024 to N231.5 billion in 2025, while profit after tax (PAT) is estimated to jump 36.8 percent to N161 billion.
This bullish forecast is underpinned by expectations that global CPO prices will climb to $1,200 per metric tonne (MT) by the end of 2025, up from the current $900/MT. The price rally is being driven by supply disruptions, intensified biodiesel demand in Southeast Asia, and easing trade tensions between major economies like the U.S. and China.