Presco Plc Reports Strong Half-Year 2025 Results with ₦111.9 Billion PBT and ₦20 Interim Dividend

Presco Plc, Nigeria’s leading fully integrated edible oil company, has announced its unaudited financial results for the half year ended June 30, 2025, delivering exceptional growth across all key performance indicators.

The Group recorded a Profit Before Tax (PBT) of ₦111.9 billion, representing a 121.8% increase from ₦50.4 billion in H1 2024, driven by strong revenue growth, improved cost management, and operational resilience.

Key Financial Highlights (H1 2025 vs H1 2024)

• Revenue: ₦198.7bn, up 125.8% (₦88.0bn in H1 2024)

• Gross Profit: ₦173.2bn, up 164.1% (₦65.6bn in H1 2024)

• Operating Profit: ₦129.8bn, up 138.3% (₦54.5bn in H1 2024)

• EBITDA: ₦132.5bn, up 133.5% (₦56.7bn in H1 2024)

• Profit Before Tax: ₦111.9bn, up 121.8%

• Profit After Tax: ₦88.7bn, up 128.2%

• Earnings Per Share: ₦88.72 vs ₦38.88 in H1 2024 (+128.2%)

• Interim Dividend: ₦20 per share declared for H1 2025

Balance Sheet Highlights

• Total Assets: ₦612.9bn, up 29% from FY2024

• Total Liabilities: ₦383.1bn, up 45.2%

• Equity: ₦229.9bn, up 8.9%

• Retained Earnings: ₦220.7bn, up 74.1%

• Current Assets: ₦279.8bn, up 63.9%

• Current Ratio: 136.6% vs 97.7% in FY2024

Profitability Ratios

• EBITDA Margin: 66.7% (+2.2%)

• Return on Equity (ROE): 38.6% (+1.8%)

• Return on Assets (ROA): 14.5% (-1.9%)

Management Commentary

Commenting on the results, Reji George, Managing Director of Presco Plc, said: “We’ve delivered significant growth in earnings, sustained our investment in operations, and strengthened our balance sheet. Our H1 2025 performance reflects the strength of our diversified business model and the dedication of our team. These results reaffirm our resilience and the trust of our stakeholders.”

Looking ahead, George added: “We are well-positioned to sustain this momentum, with our robust operational capacity and strategic initiatives expected to drive continued growth and long-term value creation.”

The ₦20 interim dividend underscores Presco’s strong earnings capacity and commitment to shareholder returns, marking one of the highest interim payouts in the Nigerian equities market this year.