Presco Plc Reports N122.2bn PBT Growth In H1 2026, Proposes N10 Interim Dividend

Presco Plc, Nigeria’s leading fully integrated agro-industrial company, Tuesday released its unaudited financial results for the half-year ended 30 June 2026.

The Board has proposed an interim dividend of ₦10 per ordinary share.

Key Financial Highlights: H1 2026 vs H1 2025

Profit Before Tax, PBT: ₦122.2 billion, up 9.3% from ₦111.9 billion, supported by a 31.9% reduction in finance costs and disciplined cost management.

Revenue: ₦198.8 billion, broadly stable compared to ₦198.7 billion.

EBITDA: ₦123.1 billion, with a margin of 61.9%.

Total Equity: Increased 13.8% to ₦503.6 billion.

Total Liabilities: Decreased 42.5% to ₦277.8 billion.

Retained Earnings: Up 34.0% to ₦258.4 billion.

Current Ratio: 345.6%.

Interim Dividend: The Board has approved an interim dividend of ₦10 per share, reinforcing Presco’s commitment to consistent shareholder returns.

Presco delivered a resilient first-half performance despite a high-cost operating environment and softer crude palm oil prices.

PBT rose 9.3% year-on-year to ₦122.2 billion, representing 69% of full-year 2025 PBT.

Revenue closed at ₦198.8 billion, exceeding 60% of FY 2025 revenue, while EBITDA of ₦123.1 billion yielded a margin of 61.9%.

The Company strengthened its balance sheet, reducing total liabilities by 42.5% to ₦277.8 billion, while equity grew 13.8% to ₦503.6 billion.

A current ratio of 345.6% reflects robust liquidity.

Looking ahead, Presco remains focused on disciplined capital allocation, operational efficiency, and long-term value creation while navigating evolving market conditions.

Commenting on the results, Reji George, Managing Director/Chief Executive Officer, stated: “Our H1 2026 performance underscores the strength of our operational model in a challenging environment. The 9.3% growth in profit before tax, driven largely by a 31.9% reduction in financing costs, reflects our deliberate focus on cost optimization and balance sheet discipline. With equity up 13.8% and liabilities down 42.5%, we have further fortified our financial foundation. The proposed interim dividend of ₦10 per share signals our confidence in the business’s trajectory and our commitment to rewarding shareholders.”

The 2025 Annual General Meeting has been postponed due to pending appeals from court rulings related to the 2024 and 2025 AGMs.

The Company is awaiting the Court of Appeal’s judgment.

Presco reaffirmed its commitment to corporate governance, regulatory compliance, and shareholder transparency, and said it will provide updates as appropriate.