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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	109,516	75,108	59,324	37,395	23,411	21,420
Other Revenue	407.17	407.17	467.78	220.55	120.55	-
Revenue	109,924	75,515	59,792	37,615	23,531	21,420
Revenue Growth (YoY)	84.33%	26.30%	58.96%	59.85%	9.86%	-9.64%
Cost of Revenue	33,445	14,066	13,041	7,548	4,029	5,055
Gross Profit	76,478	61,449	46,751	30,067	19,502	16,365
Selling, General & Admin	18,714	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	35,926	31,665	22,215	13,776	10,095	8,982
Operating Income	40,552	29,784	24,536	16,291	9,407	7,383
Interest Expense	-3,607	-3,674	-1,071	-671.59	-868.54	-151.9
Interest & Investment Income	5.89	5.22	4.97	48.92	7.13	347
Currency Exchange Gain (Loss)	2,958	3,032	-693.66	217.42	-	-35.61
Other Non Operating Income (Expenses)	4,580	4,605	523.21	-0	-	-
EBT Excluding Unusual Items	44,489	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	40,203	33,839	23,517	16,115	8,695	7,523
Income Tax Expense	15,560	13,192	7,287	4,576	5,752	2,474
Net Income	24,643	20,647	16,231	11,539	2,942	5,050
Net Income to Common	24,643	20,647	16,231	11,539	2,942	5,050
Net Income Growth	58.04%	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)	25.83	21.64	17.02	12.10	3.08	5.29
EPS (Diluted)	25.83	21.64	17.02	12.10	3.08	5.29
EPS Growth	58.02%	27.18%	40.66%	292.74%	-41.82%	-40.61%
Free Cash Flow	28,674	19,295	12,710	10,577	1,534	-2,985
Free Cash Flow Per Share	30.06	20.23	13.32	11.09	1.61	-3.13
Dividend Per Share	26.500	18.500	21.000	8.000	7.000	4.000
Dividend Growth	89.29%	-11.90%	162.50%	14.29%	75.00%	33.33%
Gross Margin	69.57%	81.37%	78.19%	79.93%	82.88%	76.40%
Operating Margin	36.89%	39.44%	41.04%	43.31%	39.98%	34.47%
Profit Margin	22.42%	27.34%	27.15%	30.68%	12.50%	23.57%
Free Cash Flow Margin	26.09%	25.55%	21.26%	28.12%	6.52%	-13.94%
EBITDA	45,163	34,181	28,203	19,097	11,774	9,025
EBITDA Margin	41.09%	45.26%	47.17%	50.77%	50.03%	42.13%
D&A For EBITDA	4,611	4,397	3,668	2,805	2,366	1,642
EBIT	40,552	29,784	24,536	16,291	9,407	7,383
EBIT Margin	36.89%	39.44%	41.04%	43.31%	39.98%	34.47%
Effective Tax Rate	38.70%	38.99%	30.98%	28.40%	66.16%	32.88%

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