Presco Community

Presco Plc kicked off 2025 with exceptional momentum, doubling both its top- and bottom-line earnings in the first quarter, driven by robust pricing, increased production volumes, and operational leverage across its vertically integrated palm oil operations. Key Highlights from Q1 2025 Results: Revenue: ₦93.8 billion ▲ +120.4% YoY (Q1 2024: ₦42.5 billion) Gross Profit: ₦86.1 billion ▲ +154.8% YoY Operating Profit: ₦69.1 billion ▲ +117.6% YoY EBITDA: ₦71.6 billion ▲ +117.9% YoY Profit Before Tax (PBT): ₦58.6 billion ▲ +97.6% YoY Profit After Tax (PAT): ₦47.6 billion ▲ +97.8% YoY Earnings Per Share (EPS): ₦4.76 ▲ +97.8% YoY Total Assets: ₦548.6 billion ▲ +15.5% from FY 2024 Equity: ₦178.9 billion ▼ -15.3% from FY 2024 Revenue and Profit Soar Amid Strong Operational Performance Presco more than doubled its revenue year-on-year , reflecting favorable market conditions for crude palm oil, improved production efficiency, and solid sales execution.