Presco Plc 9M 2026 Results: PBT Rises to ₦151.5 Billion
Presco Plc filed a press release on October 30, 2026 announcing its financial results for the nine months ended September 30, 2026. The filing reports Group Profit Before Tax growth of 8.5% year-on-year to ₦151.5 billion, alongside a significant reduction in total borrowings.
Presco Plc has released its 9M 2026 financial results, covering the period ended September 30, 2026. The filing shows Group Profit Before Tax rising 8.5% year-on-year to ₦151.5 billion, despite what the company describes as declining edible oil prices and prevailing inflation.
On a standalone basis, Presco recorded a 12.7% increase in PBT to ₦96.9 billion, with standalone Profit After Tax climbing 11.9% to ₦68.7 billion. Standalone cost of sales declined 6.2% to ₦46.2 billion. Group gross profit stood at ₦202.8 billion, with margins exceeding 73%.
Total Group borrowings fell by approximately 57% to ₦137.1 billion, a reduction of ₦180.2 billion. Group finance costs dropped 34.5% from ₦30.0 billion to ₦19.6 billion. Total Group liabilities decreased 42.4% to ₦278.2 billion.
Group shareholders equity grew 10.1% to ₦487.3 billion, while retained earnings reached ₦253.5 billion. The company held a cash position of ₦135.2 billion. Revenue from Nigeria increased 12.7% to ₦222.0 billion.
The filing also notes that Fresh Fruit Bunches production from the recently acquired Saro Oil Palm Limited plantation commenced in Q4 2026.
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