Presco Plc Reports 109.6% Equity Surge, Nears N1tn Assets

Presco Plc announced its audited financial results for the year ending December 31, 2025, alongside the unaudited results for the first quarter ending March 31, 2026. The company reported a revenue of N330.6 billion, a 59.3% year-on-year increase, with gross profit rising by 70.6% to N242.2 billion.

Operating profit stood at N214.9 billion, reflecting a 70.8% increase, while profit before tax increased by 57.1% to N177.9 billion. The total equity climbed 109.6% to N442.7 billion, and total assets rose by 94.9% to N926 billion, nearing the N1 trillion mark.

Current assets increased by 178.8%, supporting the company's liquidity and growth capacity. Presco announced the acquisition of the remaining 48% shareholding in Ghana Oil Palm Development Company Limited, bringing its ownership to 100%.

This acquisition is expected to strengthen Presco's regional footprint in West Africa. In the first quarter of 2026, revenue increased by 7.5%, and profit before tax rose by 18.2%.

Managing Director and Chief Executive Officer Reji Georg stated that 2025 defined Presco's growth trajectory.