Presco Grows Pre-tax Profit By 121.8% To N111.9bn

Presco Plc has reported a profit before tax of N111.9 billion, representing 121.8 per cent year-on-year growth in its unaudited financial and operational results for the half year ended June 30, 2025.

Driven by strong revenue growth and operational resilience, Presco’s financial performance released on the Nigerian Exchange (NGX) underscores its market leadership and commitment to delivering value to shareholders. The company declared an interim dividend of N20 per share for the H1 ended June 30, 2025.

The results showed that the Group delivered a profit before tax of N111.9 billion in H1 2025, up 121.8 per cent from N54.5 billion in the same period last year. This performance reflects the Group’s strong revenue base, improved cost discipline, and strategic focus on long-term value creation.
Revenue for the period under review stood at N198.7 billion, a 125.8 per cent increase from N88.0 billion in H1 2024. Gross profit rose by 164.1 per cent to N173.2 billion, while operating profit stood at N129.8 billion, up 138.3 per cent year-on-year.

Earnings before interest, taxes, depreciation and amortization (EBITDA) grew by 133.5 per cent to N132.5 billion; while earnings per share increased to N88.72, up from N38.88.
Presco’s total assets rose by 29 per cent to N612.9 billion as against N475.096 billion as at December 31, 2024.

Speaking on the performance, Presco’s managing director, Reji George, stated, “We have delivered significant growth in earnings, sustained our investment in operations, and continued to build a healthy balance sheet.

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“Our H1 2025 performance reflects the strength and discipline of our diversified business model. These results speak to the resilience of our team and the trust of our stakeholders.”

Looking ahead, he said, “We are well-positioned to sustain this momentum, with our robust operational capacity and strategic initiatives expected to drive continued growth and value creation for our stakeholders.”

Presco Plc, a listed company on the Nigerian Exchange, is a fully integrated edible oils company engaged in the cultivation of oil palm and the production, refining, and marketing of speciality fats and oils.

Its operations are strengthened by its key subsidiaries: Ghana Oil Palm Development Company Limited (GOPDC) and Siat Nigeria Limited, which extend its footprint and enhance its market leadership across West Africa.