Presco Plc, Nigeria’s foremost integrated producer of edible oils, has reported another outstanding performance for the nine months ended 30 September 2025, achieving a 108.2% year-on-year rise in profit before tax (PBT) to N139.7 billion.
On the back of this record result, the Board of Directors approved a second interim dividend of N10 per share, reflecting the company’s confidence in its strong fundamentals and its ongoing commitment to creating sustainable shareholder value.
The performance highlights Presco’s operational excellence, strong agricultural yields, and resilient market demand across its refined edible oil and allied product lines, reaffirming its leadership in Nigeria’s agro-industrial landscape.
Strong Financial Performance
Presco’s financials for the period show broad-based growth across key metrics:
- Revenue: N274.5 billion (+113.5%)
- Gross Profit: N202.1 billion (+118.5%)
- Operating Profit: N166.0 billion (+121.5%)
- EBITDA: N170.9 billion (+118.1%)
- PBT: N139.7 billion (+108.2%)
- PAT: N110.8 billion (+114.0%)
- Earnings Per Share: N110.79 (+114.0%)
- Total Assets: N612.8 billion (+29.0%)
- Retained Earnings: N195.5 billion (+54.3%)
The robust earnings trajectory reflects cost discipline, strategic investments in processing efficiency, and expanded plantation output, positioning Presco for a strong year-end close.
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Management Commentary
Speaking on the results, Mr. Reji George, Managing Director of Presco Plc, stated:
“Presco’s nine-month performance reflects not just strong numbers, but the strength of our model in an evolving Nigeria. Our consistency and focus continue to stand out even as the country navigates new economic realities.”
He added that the company’s approach – anchored on efficiency, innovation, and disciplined execution – has translated into measurable growth and resilience.
“Our vision goes beyond quarterly results. We see Presco as part of Nigeria’s solution – driving value from the soil to industry, building resilience, and creating sustainable opportunities for the future,” Mr. George said.
Sustaining Long-Term Value Creation
Presco’s sustained profitability demonstrates how Nigeria’s agribusiness sector can deliver industrial-scale value creation, foreign-exchange savings, and employment opportunities.
The company continues to expand its processing capacity, optimize value-chain integration, and strengthen its sustainability practices, aligning with Nigeria’s drive for agricultural self-sufficiency and inclusive economic growth.
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