Presco Plc, Nigeria’s leading palm oil producer, reported full-year 2025 profit after tax rocketing 56% to ₦121.35 billion from ₦77.79 billion, propelled by revenue growth and strategic estate expansions.
Revenue climbed 59.3% to ₦330.63 billion from ₦207.5 billion, reflecting higher yields from oil palm plantations, milling, and refining operations. The group produces crude palm oil, olein, stearin, kernel oil, and cake across Nigeria and Ghana.
Acquisition Push
Presco boosted its footprint, acquiring full control of Ghana Oil Palm Development Co. (GOPDC) by buying an additional 48% stake from related party SIAT SA for ₦92.09 billion ($60 million), and 100% of Saro Oil Palm Ltd. for ₦71.09 billion ($47 million). It retains 100% ownership of SIAT Nigeria Ltd.
Two interim dividends of ₦10 and ₦20 per share totaled ₦30/share (₦30 billion). Directors propose a ₦14.66 final dividend, lifting full-year payout to ₦44.66/share (₦47.1 billion)—up from ₦42/share last year—pending AGM approval.
Growth Drivers
Presco’s acquisitions and plantation scaling seek to capitalize on Nigeria’s palm oil demand surge, outpacing input inflation. The NGX-listed firm (1991 incorporation) eyes sustained margins via integrated operations amid favorable agro-export dynamics.
Geographic Market
Presco sales revenue from Nigeria was equivalent to ₦248.69 billion in 2025, sales from Ghana operations was ₦79.34 billion while Export sales was ₦2.59 billion.
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