Edible oils producer, Presco Plc, has reported a strong financial performance for the 2025 financial year, with significant growth across key indicators and sustaining momentum into the first quarter of 2026.

The company, in its audited results for the year ended December 31, 2025, recorded a 59.3 per cent year-on-year increase in revenue to N330.6 billion, up from the previous year. Profit before tax rose by 57.1 per cent to N177.9 billion, while profit after tax climbed 56.1 per cent to N121.5 billion.

Gross profit grew by 70.6 per cent to N242.2 billion, while operating profit increased by 70.8 per cent to N214.9 billion. Earnings before interest, taxes, depreciation and amortisation stood at N211.8 billion, reflecting a margin of 64.1 per cent.

The company’s balance sheet also strengthened significantly during the period, with total equity rising by 109.6 per cent to N442.7 billion. Total assets nearly doubled, increasing by 94.9 per cent to N926 billion, while current assets surged by 178.8 per cent, supporting liquidity and expansion capacity.

Commenting on the results, Reji George, Managing Director and Chief Executive Officer, said: “2025 was a defining year for Presco. Delivering 56.1 per cent growth in Profit After Tax to N121.5 billion, while concurrently executing a successful rights issue and completing a major acquisition, reflects the strength of both our strategy and our execution.

“These results are the product of a deliberate focus on sustainable, long-term value creation. We have strengthened the balance sheet, scaled our operations, and deployed shareholder capital with discipline.

“Our outlook for 2026 remains positive. Q1 has delivered revenue growth of 7.5 per cent, PBT growth of 18.2 per cent, and a PBT margin of 68.7 per cent. The integration of Nsadop Boki is progressing in line with expectations, and we see significant opportunity ahead.

“Our objective is unchanged: to deliver consistent, superior returns to our shareholders. Presco is today stronger, larger and better positioned than at any point in its history.”