Presco Plc Reports 57.1% Profit Surge, Sets Stage for 2026 Expansion

Strong Financial Performance in 2025

Presco Plc, a leading agro-industrial company in Nigeria, has showcased impressive financial results for the 2025 fiscal year. The company recorded a 57.1% increase in profit before tax, amounting to N177.9 billion, which reflects its robust operational strategy and market positioning. This surge in profitability was largely fueled by a remarkable revenue growth of 59.3%, bringing total revenue to N330.6 billion.

In addition to the profit before tax, the company’s profit after tax also saw a significant rise of 56.1%, reaching N121.5 billion. This performance underscores Presco’s resilience in navigating a challenging macroeconomic landscape, with gross profit increasing by 70.6% to N242.2 billion and operating profit up 70.8% to N214.9 billion. The earnings before interest, taxes, depreciation, and amortisation (EBITDA) stood at N211.8 billion, translating to a strong margin of 64.1%.

Strategic Growth Initiatives and Acquisitions

Presco’s strategic initiatives have played a crucial role in its growth trajectory. The company successfully completed a rights issue that contributed to a remarkable 109.6% increase in total equity, now at N442.7 billion. Additionally, total assets surged by 94.9% to reach N926 billion, positioning Presco on the brink of achieving the N1 trillion asset milestone. A notable 178.8% increase in current assets has further enhanced the company’s liquidity, enabling it to pursue aggressive growth strategies.

The company has also consolidated its leadership in the edible oils sector through significant acquisitions. Presco completed the purchase of the remaining 48% stake in Ghana Oil Palm Development Company Limited, securing full ownership and enhancing its presence in West Africa. Furthermore, the acquisition of the Nsadop Boki Palm Estate is anticipated to bolster plantation capacity, thereby driving long-term production growth.

Positive Outlook for 2026

Looking ahead, early indicators for 2026 suggest that Presco’s growth momentum is set to continue. The company has reported a 7.5% year-on-year increase in revenue for the first quarter, alongside an 18.2% rise in profit before tax. Notably, profit margins have improved significantly to 68.7%. Managing Director and CEO Reji George highlighted 2025 as a ‘defining year’ for Presco, attributing its strong earnings growth, successful capital raising, and strategic acquisitions as key milestones.

George emphasized that the company’s strengthened balance sheet and disciplined capital deployment have positioned it for ongoing value creation. He also noted that the integration of newly acquired assets is progressing as planned, further solidifying Presco’s competitive edge in the agribusiness sector.

Frequently Asked Questions

What was Presco Plc’s profit before tax for 2025?

Presco Plc reported a profit before tax of N177.9 billion for the 2025 financial year.

How much did Presco’s revenue increase in 2025?

The company’s revenue increased by 59.3% to N330.6 billion in 2025.

What strategic acquisitions did Presco make recently?

Presco acquired the remaining 48% stake in Ghana Oil Palm Development Company and the Nsadop Boki Palm Estate.

What are the early indicators for Presco’s performance in 2026?

Presco’s first-quarter results for 2026 show a 7.5% increase in revenue and an 18.2% rise in profit before tax.

How did Presco’s total assets change in 2025?

Total assets surged by 94.9% to N926 billion in 2025.