PALMCI Revenue Rises But Profit Slips as Input Costs Bite

PALMCI, the Abidjan-based palm oil producer listed on the BRVM, grew revenue by nearly 15% in fiscal 2025 to XOF 197.6bn ($347.1M), driven by stronger sales of manufactured products and accessory income. But higher costs ate into the bottom line, and net profit slipped to XOF 15.5bn ($27.2M) from XOF 15.9bn ($27.8M) a year earlier.

Raw material purchases were the main drag, rising more than 50% year-on-year and compressing value added and operating margins across the board. Personnel costs also climbed. The result was an operating profit that fell roughly 6% despite the top-line growth.

On the cash side, the picture was brighter. Operating cash flow jumped over a third, helped by a release of working capital as inventories and receivables unwound. Net treasury improved sharply, ending the year in a far less negative position than in 2024.

The board proposed a gross dividend of XOF 502 per share, a small reduction from the prior year. These accounts remain provisional pending shareholder approval at the Annual General Meeting.