Odu’a Investment posts N23.58bn 2025 profit, targets N1tn assets by 2030
Odu’a Investment Company Limited (OICL)
Abdullateef Fowewe
Odu’a Investment Company Limited has reported a breakout financial year, posting profit before tax of ₦23.58 billion for 2025 as it set an ambitious target of ₦1 trillion in group assets by 2030.
The results were disclosed at the Group’s 44th Annual General Meeting held at the newly redeveloped Premier Hotel, Ibadan, before shareholders, state representatives on Friday.
Group operating revenue climbed 78% to ₦20.22 billion from ₦11.34 billion in 2024, while profit before tax surged 410% from ₦4.62 billion a year earlier.
Management attributed the gains largely to fair-value uplifts on investment properties amounting to ₦18.81 billion and a bullish Nigerian equity market.
The Company also presented its first fully consolidated financial statements, giving investors a single view of the holding company and all subsidiaries.
Outgoing Group Chairman Otunba ‘Bimbo Ashiru while speaking described the year as transformational.
“The year under review was marked by several strategic milestones that have permanently repositioned the organization,” he said, noting the commissioning of the renovated Premier Hotel and the 60th anniversary celebrations of Cocoa House as emblematic achievements.
Agusto & Co. upgraded the Group’s credit rating from A+ to Aa- with a stable outlook during the period, a move the Board linked to stronger governance and treasury discipline.
In his remark, the newly appointed Group Chairman, Dr Tola Kasali outlined SRC 2.0 “Sweat, Repurpose and Consolidate” as the Board’s strategic roadmap.
He reaffirmed targets of ₦30 billion in cash-backed PBT, ₦50 billion in group revenue and ₦1 trillion in total assets by 2030, and said the Group has begun steps to secure a foreign credit rating to access international debt markets.
“I accept this responsibility with humility and an unwavering commitment to the vision of the Founding Fathers that has brought Odu’a Investment to this pivotal moment,” said Dr Kasali.
Ashiru, who led the Board for four years, will remain on the board as a director until 2028 to ensure continuity.
Dailyeconomy had earlier reported that the Premier Hotel will commence full operations in Q4 2026, Lagos Airport Hotel and other legacy assets will be repurposed under SRC 2.0, and Cocoa Industries is being repositioned toward a 50MW gas-powered plant as part of broader value-extraction and consolidation efforts.
