Presco Shares Surpass N2,000 for First Time in History

On February 16, 2026, Presco Plc's shares closed above N2,000 for the first time, reaching N2,015. This achievement marks a significant milestone, driven by strong investor sentiment and a year-to-date gain of 38.97%.

The company reported a pre-tax profit rise of 57% to N178.55 billion, up from N113.53 billion in 2024, indicating solid revenue growth. The stock gained 6.05% during the session, contributing to a total trading volume of over 20 million shares in 2026.

Presco's revenue reached N331.18 billion, with crude palm oil products accounting for a substantial portion of sales. The company's operational expansion and increased sales were offset by rising administrative distribution expenses and financial costs, which rose to N43.6 billion.

Presco also successfully raised N237.7 billion through a rights issue, acquiring a 100% stake in the Ghana Oil Palm Development Company (GOPDC), enhancing its market position in crude palm oil production.