Presco Plc approves second interim dividend as profit doubles

Presco Plc, Nigeria’s leading integrated edible oil producer, reported a sharp jump in profit for the nine months ended September 30, 2025, as higher yields, efficient operations, and firm market demand powered record earnings.

The company posted a 108.2 percent rise in profit before tax (PBT) to ₦139.7 billion, compared with ₦67.1 billion in the same period last year, according to its latest financial statement.

Revenue more than doubled to ₦274.5 billion, while profit after tax surged 114 percent to ₦110.8 billion. Earnings per share climbed by a similar margin to ₦110.79, underscoring what the company described as one of its strongest performances in recent years.

Following the robust result, Presco’s board approved a second interim dividend of ₦10 per share. The company had in July declared N20 per share interim dividend for the half year ended June 30. The dividend will be paid to shareholders whose names appear in the Register of Members as at the close of business on Friday November 7.

Operational momentum

The company said the gains were driven by improved agricultural yields, higher production efficiency, and resilient market demand across its edible oil portfolio. Gross profit rose 118.5 percent to ₦202.1 billion, while operating profit jumped 121.5 percent to ₦166 billion.

Presco’s EBITDA climbed 118.1 percent to ₦170.9 billion, highlighting strong cost control and operational discipline. Total assets grew 29 percent to ₦612.8 billion, while retained earnings expanded 54.3 percent to ₦195.5 billion.

“Presco’s nine-month performance reflects not just strong numbers, but the strength of our model in an evolving Nigeria,” said Reji George, Managing Director of Presco Plc. “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.”

George said the company remains confident of “a strong finish to the year,” citing its solid fundamentals and prudent financial management.

“Our vision goes beyond quarterly results,” he added. “We see Presco as part of Nigeria’s solution — driving value from the soil to industry, building resilience in the economy, and creating sustainable opportunities for the future.”

Presco, listed on the Nigerian Exchange (NGX: PRESCO), remains a dominant player in Nigeria’s edible oil market with a fully integrated model that spans oil palm cultivation, milling, refining, and packaging.