Presco Plc, Nigeria’s leading fully integrated edible oil producer, has announced an exceptional nine-month financial performance for the period ended September 30, 2025, reporting a Profit Before Tax (PBT) of ₦139.7 billion, representing a 108.2% year-on-year growth from ₦67.1 billion in 2024.
Following this record performance, the Board of Directors approved a second interim dividend of ₦10 per share, reaffirming the company’s consistent commitment to delivering strong and sustainable returns to shareholders.
Financial Performance Overview
Presco delivered robust top-line and bottom-line growth across all key financial indicators.
-
Revenue: ₦274.5 billion, up 113.5% from ₦128.6 billion.
-
Gross Profit: ₦202.1 billion, up 118.5%.
-
Operating Profit: ₦166.0 billion, up 121.5%.
-
EBITDA: ₦170.9 billion, up 118.1%.
-
Profit Before Tax: ₦139.7 billion, up 108.2%.
-
Profit After Tax: ₦110.8 billion, up 114.0%.
-
Earnings Per Share: ₦110.79, up 114.0%.
-
Total Assets: ₦612.8 billion, up 29.0%.
-
Retained Earnings: ₦195.5 billion, up 54.3%.
Despite higher financing costs, with interest expenses rising 234.7% to ₦26.3 billion, the company’s profitability remained strong due to enhanced cost control, improved agricultural yields, and operational efficiency.
Presco maintained an EBITDA margin of 62.3% and a PBT margin of 50.9%, reflecting efficient cost management and value optimization across its production chain.
Strategic Commentary
Commenting on the results, Reji George, Managing Director of Presco Plc, said: “Presco’s nine-month performance reflects not just strong numbers but the strength of our model in an evolving Nigeria. As the country navigates new economic realities, our consistency and focus continue to stand out. We have stayed disciplined in execution, translating efficiency and innovation into measurable growth.”
He added that the company remains confident of a strong year-end finish built on solid fundamentals and prudent financial management.
“Our vision goes beyond quarterly results. Presco is part of Nigeria’s solution — driving value from the soil to industry, building resilience in the economy, and creating sustainable opportunities for the future,” he stated.
Balance Sheet Strength
Presco’s balance sheet remains strong, with total assets rising 29% to ₦612.8 billion, and retained earnings up 54% to ₦195.5 billion, underscoring its capacity for sustained growth and shareholder rewards.
However, total liabilities rose 55.6% to ₦410.6 billion, largely from expansion-related investments and increased working capital to support rising production volumes.
Return on equity improved to 54.8% (2024FY: 36.8%), while return on assets rose to 18.1%, reflecting the company’s efficient capital utilization and robust profitability ratios.
Dividend Declaration
The ₦10 second interim dividend follows Presco’s strong interim payout earlier in the year and signals management’s confidence in the company’s financial stability.
The payout reinforces Presco’s consistent dividend policy and commitment to delivering long-term value to shareholders.
Outlook
Presco remains optimistic about maintaining its growth trajectory through the final quarter of 2025, supported by strong domestic demand for edible oils, continued efficiency improvements, and strategic market expansion.
Management affirmed that the company will sustain its focus on value creation, local capacity enhancement, and sustainable agricultural practices, positioning Presco as a key driver of Nigeria’s agro-industrial transformation.
