By Chinyere Anyanwu
Presco Plc, Nigeria’s leading edible oils producer, has announced its audited financial results for the year ended December 31, 2025 and an unaudited trading update for the first quarter ended March 31, 2026. The company delivered double-digit growth across every major line of the income statement and entered 2026 with growth momentum already extending into the new financial year.
According to the company, headline growth metrics in 2025 include; Profit Before Tax: 57.1 per cent that grew to N177.9 billion; Profit After Tax: 56.1 per cent to N121.5 billion;
Revenue swelled by 59.3 per cent in 2025 to N330.6 billion, while gross profit increased by 70.6 per cent to N242.2 billion.
Operating profit soared by 70.8 per cent to N214.9 billion; Earnings Before Interest, Taxes, Depreciation, and Amortization grew to N211.8 billion at a 64.1 per cent margin.
Capital base and asset growth total equity improved by 109.6per cent to N442.7 billion and total assets swelled by 94.9 per cent to N926 billion, approaching N1 trillion. Current assets increased by 178.8 per cent.
The company carried out a successful rights issue which more than doubled equity, providing the financial capacity to support the company’s next growth phase.
The company acquired the remaining 48 per cent shareholding in Ghana Oil Palm Development Company Limited (GOPDC), bringing its ownership to 100 per cent. The full consolidation of GOPDC strengthens Presco’s regional footprint in West Africa and enhances the contribution of the subsidiary to the group’s earnings.
It also expanded the plantation footprint and production capacity, creating a meaningful contributor to long-term volume and earnings growth.
The growth trajectory established in 2025 has continued into the first quarter of 2026:
Revenue growth: +7.5 per cent YoY, an increase of N7.1 billion; PBT growth: +18.2 per cent YoY, an increase of N10.6 billion; PBT margin expansion: 68.7 per cent, up from 62.5 per cent in Q1 2025. Commenting on the results, Reji George, Managing Director and Chief Executive Officer, said the growth reflects the underlying strength of its operations and the effectiveness of our strategy.
“Importantly, this growth is being sustained. Q1 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”, he said.
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