Presco Plc's Profit Surges 57.4% to N178 Billion in FY2025

Presco Plc announced a pre-tax profit of N177.98 billion for the fiscal year ending December 31, 2025, reflecting a 57.4% increase from N113.22 billion in 2024. This growth was primarily driven by robust sales in its core palm oil business, particularly crude palm oil (CPO) and palm kernel oil (PKO), with overall revenue rising by 59.3% to N330.64 billion.

The company also recorded significant contributions from foreign exchange gains and fair value gains on biological assets. Despite an increase in income tax expenses by 59.8% to N56.63 billion, the post-tax profit settled at N121.35 billion, marking a 55.9% year-on-year increase.

Presco's strong balance sheet is attributed to aggressive investments and acquisitions, although rising operational costs and increased borrowing present short-term pressures. The company proposed a final dividend of N14.66 per 50 kobo share, bringing the total dividend for the year to N44.66 per share, pending shareholder approval at the annual general meeting.