The Okomu Oil Palm Company Plc (NGX: OKOMUOIL)

OKOMUOIL Income Statement

Financials in millions NGN. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	118,410	75,108	59,324	37,395	23,411	21,420
Other Revenue	407.17	407.17	467.78	220.55	120.55	-
Revenue	118,817	75,515	59,792	37,615	23,531	21,420
Revenue Growth (YoY)	69.11%	26.30%	58.96%	59.85%	9.86%	-9.64%
Cost of Revenue	39,746	14,066	13,041	7,548	4,029	5,055
Gross Profit	79,071	61,449	46,751	30,067	19,502	16,365
Selling, General & Admin	17,705	14,452	12,411	6,181	1,105	7,347
Other Operating Expenses	9,942	9,942	6,073	4,726	6,623	-164.8
Operating Expenses	34,917	31,665	22,215	13,776	10,095	8,982
Operating Income	44,154	29,784	24,536	16,291	9,407	7,383
Interest Expense	-3,576	-3,674	-1,071	-671.59	-868.54	-151.9
Interest & Investment Income	5.59	5.22	4.97	48.92	7.13	347
Currency Exchange Gain (Loss)	4,420	3,032	-693.66	217.42	-	-35.61
Other Non Operating Income (Expenses)	4,578	4,605	523.21	-0	-	-
EBT Excluding Unusual Items	49,582	33,752	23,299	15,886	8,546	7,543
Gain (Loss) on Sale of Assets	-2.62	-2.62	-	-	-	9.38
Asset Writedown	89.48	89.48	218.61	127.47	49.94	-52.4
Other Unusual Items	-4,374	-	-	52.53	-	-
Pretax Income	45,295	33,839	23,517	16,115	8,695	7,523
Income Tax Expense	17,231	13,192	7,287	4,576	5,752	2,474
Net Income	28,064	20,647	16,231	11,539	2,942	5,050
Net Income to Common	28,064	20,647	16,231	11,539	2,942	5,050
Net Income Growth	46.92%	27.21%	40.66%	292.15%	-41.73%	-40.61%
Shares Outstanding (Basic)	954	954	954	954	954	954
Shares Outstanding (Diluted)	954	954	954	954	954	954
Shares Change (YoY)	-0.01%	-	-	-	-	-
EPS (Basic)	29.42	21.64	17.02	12.10	3.08	5.29
EPS (Diluted)	29.42	21.64	17.02	12.10	3.08	5.29
EPS Growth	46.91%	27.18%	40.66%	292.74%	-41.82%	-40.61%
Free Cash Flow	18,483	19,295	12,710	10,577	1,534	-2,985
Free Cash Flow Per Share	19.38	20.23	13.32	11.09	1.61	-3.13
Dividend Per Share	24.000	18.500	21.000	8.000	7.000	4.000
Dividend Growth	45.45%	-11.90%	162.50%	14.29%	75.00%	33.33%
Gross Margin	66.55%	81.37%	78.19%	79.93%	82.88%	76.40%
Operating Margin	37.16%	39.44%	41.04%	43.31%	39.98%	34.47%
Profit Margin	23.62%	27.34%	27.15%	30.68%	12.50%	23.57%
Free Cash Flow Margin	15.56%	25.55%	21.26%	28.12%	6.52%	-13.94%
EBITDA	48,897	34,181	28,203	19,097	11,774	9,025
EBITDA Margin	41.15%	45.26%	47.17%	50.77%	50.03%	42.13%
D&A For EBITDA	4,742	4,397	3,668	2,805	2,366	1,642
EBIT	44,154	29,784	24,536	16,291	9,407	7,383
EBIT Margin	37.16%	39.44%	41.04%	43.31%	39.98%	34.47%
Effective Tax Rate	38.04%	38.99%	30.98%	28.40%	66.16%	32.88%

Source: S&P Capital IQ. Standard template. Financial Sources.