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Presco Plc, Nigeria’s leading fully integrated edible oil producer, has announced a record-breaking financial performance for the nine months ended September 30, 2025, posting a 108.2 percent year-on-year rise in Profit Before Tax (PBT) to ₦139.7 billion.
The company’s robust results prompted its Board of Directors to approve a second interim dividend of ₦10 per share, underscoring confidence in Presco’s fundamentals and commitment to rewarding shareholders with consistent returns.
According to the company’s financial statement released in Benin City, revenue for the nine-month period rose sharply by 113.5 percent to ₦274.5 billion, compared to ₦128.6 billion in the corresponding period of 2024. Gross profit jumped 118.5 percent to ₦202.1 billion, while operating profit climbed 121.5 percent to ₦166 billion. EBITDA also surged 118.1 percent to ₦170.9 billion, reflecting strong cost management and operational efficiency.
Profit After Tax (PAT) stood at ₦110.8 billion, a 114 percent increase over the ₦51.8 billion recorded in the same period last year, while earnings per share rose 114 percent to ₦110.79.
The company’s total assets expanded 29 percent to ₦612.8 billion, driven by stronger retained earnings, which increased by 54.3 percent to ₦195.5 billion.
Commenting on the performance, Presco’s Managing Director, Mr. Reji George, attributed the impressive results to disciplined execution, improved agricultural yields, and resilient market demand.
“Presco’s nine-month year-to-date performance reflects not just strong numbers, but the strength of our model in an evolving Nigeria,” George said. “We have stayed disciplined in execution, translating efficiency and innovation into real, measurable growth.”
He added that the company remains focused on sustaining its growth trajectory through prudent financial management and a commitment to building resilience in Nigeria’s agricultural and industrial sectors.
Presco, listed on the Nigerian Exchange Group (NGX) under the ticker “PRESCO”, continues to reinforce its leadership position in the edible oil market, leveraging its vertically integrated operations , from oil palm cultivation to processing and refining, to deliver sustainable value to shareholders.
With this latest interim dividend declaration, Presco Plc once again demonstrates its consistency in balancing profitability with long-term investment in Nigeria’s agricultural development.
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