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

Presco Plc has reported a revenue earlier than tax of N111.9 billion, representing 121.8 per cent year-on-year development in its unaudited monetary and operational outcomes for the half yr ended June 30, 2025.

Pushed by robust income development and operational resilience, Presco’s monetary efficiency launched on the Nigerian Trade (NGX) underscores its market management and dedication to delivering worth to shareholders. The corporate declared an interim dividend of N20 per share for the H1 ended June 30, 2025.

The outcomes confirmed that the Group delivered a revenue earlier than tax of N111.9 billion in H1 2025, up 121.8 per cent from N54.5 billion in the identical interval final yr. This efficiency displays the Group’s robust income base, improved price self-discipline, and strategic deal with long-term worth creation.
Income for the interval beneath evaluation stood at N198.7 billion, a 125.8 per cent enhance from N88.0 billion in H1 2024. Gross revenue rose by 164.1 per cent to N173.2 billion, whereas working revenue stood at N129.8 billion, up 138.3 per cent year-on-year.

Earnings earlier than curiosity, taxes, depreciation and amortization (EBITDA) grew by 133.5 per cent to N132.5 billion; whereas earnings per share elevated to N88.72, up from N38.88.
Presco’s whole property rose by 29 per cent to N612.9 billion as in opposition to N475.096 billion as at December 31, 2024.

Talking on the efficiency, Presco’s managing director, Reji George, acknowledged, “We’ve delivered important development in earnings, sustained our funding in operations, and continued to construct a wholesome steadiness sheet.

“Our H1 2025 efficiency displays the power and self-discipline of our diversified enterprise mannequin. These outcomes converse to the resilience of our crew and the belief of our stakeholders.”

Trying forward, he stated, “We’re well-positioned to maintain this momentum, with our strong operational capability and strategic initiatives anticipated to drive continued development and worth creation for our stakeholders.”

Presco Plc, a listed firm on the Nigerian Trade, is a completely built-in edible oils firm engaged within the cultivation of oil palm and the manufacturing, refining, and advertising and marketing of speciality fat and oils.

Its operations are strengthened by its key subsidiaries: Ghana Oil Palm Growth Firm Restricted (GOPDC) and Siat Nigeria Restricted, which lengthen its footprint and improve its market management throughout West Africa.