Leading agro-industrial company, Presco Plc. has disclosed its audited financial statements for the 12 months ended December 31, 2024.

The statement showed 125.2 per cent Year-on-Year growth in EBITDA; increased from N52.9bn in 2023 to N119.1bn in 2024.

Similarly, there was 128.7 per cent growth in Profit Before Taxes, PBT, rising from N49.5bn in 2023 to N113.2bn in 2024.

Also, Presco recorded 102.6 per cent revenue growth at N207.5bn and 146 per cent increase in share price over the financial year.

Likewise, the organisation’s N42 per share was declared as the final dividend for the 2024 financial year and there was market expansion through the acquisition of 52 per cent equity stake in Ghana Oil Palm Development Company Limited, GODPC.

Commenting on the results, Managing Director and CEO of Presco Plc, Mr Reji George, said: “We are deeply grateful for the continued trust of our investors, business community and dedicated workforce, who have been instrumental in achieving these exceptional results. Against macroeconomic factors faced during the financial year under review, we remained undeterred in our strategic focus, resilience, and organizational efforts. This approach has led to remarkable growth across our operations.

“We acquired 52 per cent of Ghana Oil Palm Development Company Limited in August 2024 pursuant to our strategic growth objectives with further consolidation of our control of that entity in 2025.’’