Presco Plc has reported a 57.1% jump in profit before tax to ₦177.9 billion for 2025, showing strong momentum in Nigeria’s edible oil sector.
Profit after tax rose to ₦121.5 billion, while revenue surged nearly 60% to ₦330.6 billion, driven by improved efficiency and market demand. Gross and operating profits also recorded impressive growth of over 70%.
The company’s expansion strategy played a key role—boosted by a rights issue, full acquisition of Ghana Oil Palm Development Company, and the addition of Nsadop Boki Palm Estate to its portfolio.
Assets climbed to ₦926 billion, while equity more than doubled, strengthening its capacity for future growth.
The momentum has carried into 2026, with first-quarter profit already up 18.2%, signaling sustained performance.
CEO Reji George says the company is now “stronger, larger, and better positioned” to deliver consistent returns.
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