Presco Plc has reported a profit before tax of ₦178.56 billion for the financial year ended December 31, 2025, marking a 57.3 per cent increase from the ₦113.53 billion recorded in 2024.
The results were contained in the company’s unaudited financial statements submitted to the Nigerian Exchange on January 30, 2026.
The agro-industrial firm said its strong performance was driven by robust revenue growth, better operating efficiency and expanded regional operations, even as it faced higher production and finance costs during the year.
Presco also announced a proposed dividend payout of ₦72 billion, reinforcing its position as one of the Nigerian Exchange’s most consistent dividend-paying companies.
Revenue for the year rose sharply by 59.5 per cent to ₦331.19 billion, up from ₦207.50 billion in 2024, largely on the back of increased sales of crude and refined palm oil. These products accounted for almost all of the company’s turnover.
Operating profit before finance costs climbed by 70.1 per cent to ₦214.39 billion, reflecting improved scale and cost efficiency, while profit after tax jumped by 76.7 per cent to ₦138.12 billion. Earnings per share rose to ₦134.38, compared with ₦74.01 a year earlier.
Although operating and finance costs increased significantly, Presco said strong earnings growth helped absorb the pressure. Cost of sales rose due to higher input prices, while finance costs increased as the company borrowed more to fund expansion and acquisitions.
A major highlight of the year was Presco’s strategic expansion, including the full acquisition of Ghana Oil Palm Development Company, increasing its stake from 52 per cent to 100 per cent.
As a result, total assets expanded to ₦833.40 billion, up from ₦475.10 billion in 2024, while shareholders’ equity more than doubled to ₦426.66 billion, supported by retained earnings and a successful rights issue.
The company said the stronger balance sheet positions it for further growth across West Africa and deeper penetration into export markets.
Presco’s board approved the ₦72 billion dividend on the back of strong cash generation and earnings momentum. Dividend payouts have risen steadily over the past three years, underlining the company’s growing appeal to income-focused investors.
Despite cost pressures and an inflationary operating environment, Presco said its 2025 performance shows its ability to grow earnings faster than expenses, setting a solid foundation for sustained growth in the years ahead.