Presco Plc recorded a 57.3 per cent surge in profit before tax to ₦178.56 billion for the year ended December 31, 2025, marking the highest pre-tax profit in the company’s history, according to its unaudited results.
The performance was driven by robust growth in palm oil sales and the full consolidation of Ghana Oil Palm Development Company (GOPDC) following Presco’s acquisition of the remaining 48 per cent stake.
However, profitability slowed in the final quarter. Q4 2025 pre-tax profit fell 36 per cent year-on-year to ₦39.04 billion, down from ₦60.97 billion in Q4 2024 and 19.6 per cent lower than in Q3 2025.
Key highlights (FY 2025)
- Revenue: ₦331.19bn (+59.7% YoY)
- Gross profit: ₦228.21bn (+63.1% YoY)
- Operating profit: ₦214.39bn (+70.0% YoY)
- Profit before tax: ₦178.56bn (+57.3% YoY)
- Earnings per share: ₦134.38 (2024: ₦74.01)
- Total assets: ₦833.40bn (+75.4% YoY)
- Cash balance: ₦279.69bn (2024: ₦31.40bn)
- Total borrowings: ₦164.10bn (2024: ₦55.45bn)
Revenue growth was led by higher volumes and prices of crude and refined palm oil products, which accounted for most of the ₦331.19 billion turnover. Sales to Ghana jumped over 160 per cent to ₦80.01 billion, reflecting GOPDC’s full-year consolidation.
Although the cost of sales rose 52.4 per cent to ₦102.98 billion, revenue growth outpaced expenses. Gains on biological assets increased to ₦32.9 billion, supported by improved agricultural productivity.
Finance costs climbed sharply to ₦43.62 billion, reflecting higher borrowings used to fund acquisitions and expansion, but this was partly offset by increased finance income.
Presco’s cash position strengthened significantly following a ₦237.7 billion rights issue, while operating cash flow remained solid at ₦146.17 billion, supporting expansion and dividends.
Presco shares closed flat at ₦1,635 on the day of the announcement. The stock ended 2025 at ₦1,450, up from ₦475 at the end of 2024, delivering a year-to-date gain of over 200 per cent.
The company also declared ₦72 billion in dividends during the year, maintaining shareholder payouts alongside aggressive growth investments.
