Presco Plc, an edible oils producer, has reported a 57.1 per cent growth in profit before tax for the financial year ended Dec. 31, 2025.
The company disclosed in its audited results released on Sunday.
The company said profit before tax rose to N177.9 billion, while profit after tax grew by 56.1 per cent to N121.5 billion.
Revenue increased by 59.3 per cent to N330.6 billion, supported by improved production efficiency and stronger market demand.
Gross profit also grew by 70.6 per cent to N242.2 billion, while operating profit rose by 70.8 per cent to N214.9 billion.
Earnings before interest, tax, depreciation and amortisation (EBITDA) stood at N211.8 billion, representing a margin of 64.1 per cent.
The company’s total equity rose by 109.6 per cent year-on-year to N442.7 billion, while total assets increased by 94.9 per cent to N926 billion.
Current assets recorded a 178.8 per cent growth within the period.
Presco attributed the performance to strategic capital and operational decisions, including a successful rights issue which more than doubled its equity base and strengthened its capacity for expansion.
It also highlighted the full acquisition of the remaining 48 per cent stake in Ghana Oil Palm Development Company Ltd. (GOPDC), bringing the subsidiary under full ownership and boosting its regional footprint in West Africa.
The company further noted the acquisition of Nsadop Boki Palm Estate, which expanded its plantation base and was expected to support long-term output and earnings growth.
Meanwhile, the company said the positive performance trend continued into the first quarter of 2026.
The company’s revenue rose by 7.5 per cent year-on-year, adding N7.1 billion, while profit before tax increased by 18.2 per cent to N10.6 billion.
PBT margin also improved to 68.7 per cent from 62.5 per cent recorded in the corresponding period of 2025.
Presco said the results reflected sustained operational strength and continued execution of its growth strategy into the new financial year.
Commenting on the results, Mr Reji George, Managing Director and Chief Executive Officer, said, “Growing Profit Before Tax by 57.1 per cent to N177.9 billion, alongside 59.3 per cent revenue growth, reflects the underlying strength of our operations and the effectiveness of our strategy.
“2025 has been a defining year for Presco. Importantly, this growth is being sustained.
“First quarter of 2026 has already delivered an 18.2 per cent increase in Profit Before Tax and a margin of 68.7 per cent, evidence that our strategic actions are translating directly into earnings momentum.
“With a stronger capital base, a larger plantation footprint, and the ongoing integration of Nsadop Boki, the Company is well-positioned to continue delivering earnings growth.
“Our objective remains unchanged: to deliver consistent, superior returns to our shareholders. Presco is stronger, larger, and better positioned than at any point in its history.”
