Presco Plc Declares N17.1 Billion Dividend for 2025

Presco Plc has approved a dividend payout of N17.1 billion to shareholders for the 2025 financial year, as resolved during its Annual General Meeting (AGM) held virtually on September 15, 2026. The statement, signed by Company Secretary Frederick Ichekwai and filed with the Nigerian Exchange, indicated that shareholders will receive a dividend of N14.66 per 50 kobo ordinary share.

This payout will be sourced from the company's profit for the year ending December 31, 2025, subject to applicable withholding tax deductions. The AGM also saw the re-election of directors Olakanmi Rasheed Sarumi, Abdul Akhor Bello, and Osayi Alile, along with the appointment of Ademola Adebise, Adewale Arikawe, and Francois Van Hoydonck to the Board of Directors.

Additionally, shareholders authorized the board to determine the remuneration for external auditors KPMG for the financial year ending December 31, 2026. A total remuneration of N349 million was approved for Non-Executive Directors for the 2026 financial year, with a N56.38 million sitting allowance pool based on meeting attendance.

The dividend approval follows a 57.4% increase in Presco's profit to N178 billion for 2025, with continued strong earnings into 2026.