Presco Plc, Nigeria’s leading fully integrated agro-industrial company, published its unaudited financial results for the half-year ending June 30, 2026. The board proposed an interim dividend of N10 per ordinary share. Pre-tax profit rose 9.3 percent to N122.2 billion, demonstrating the company’s ability to perform in a tough market.
Shareholder returns and market performance
The N10 interim dividend reflects the company’s commitment to rewarding investors. With 1,166,666,667 shares issued, the total payout will reach about N11.6 billion. The share price climbed to N2,070, a 42.76 percent increase. Trading is now near the 52-week high of N2,315.4, compared to a low of N1,425. Investors have responded to the company’s operational strength.
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Financial resilience and cost management
Profit before tax reached N122.2 billion, up from N111.9 billion in the prior year. This growth was supported by a 31.9 percent reduction in finance costs and disciplined cost management. Revenue remained steady at N198.8 billion, broadly in line with the N198.7 billion recorded in the first half of 2025. Despite a high-cost operating environment and softer crude palm oil prices, Presco delivered a resilient first-half performance. PBT represented 69 percent of the full-year 2025 figure, while EBITDA stood at N123.1 billion with a margin of 61.9 percent.
Strengthening the balance sheet
Presco strengthened its balance sheet by reducing total liabilities by 42.5 percent to N277.8 billion, while equity grew 13.8 percent to N503.6 billion. Retained earnings increased 34 percent to N258.4 billion. A current ratio of 345.6 percent shows robust liquidity.
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Future outlook
Presco plans to maintain disciplined capital allocation and operational efficiency. The goal is to build lasting value amid changing market conditions. Reji George, Managing Director and Chief Executive Officer, said the first-half results show the strength of the company’s model in a challenging environment. The 9.3 percent profit growth, largely due to lower financing costs, reflects a focus on cost control and balance sheet discipline. With equity up and liabilities down, the company has strengthened its financial position. The proposed N10 interim dividend demonstrates confidence in future performance.
Chinwe Michael is a financial inclusion advocate and economy journalist who uses compelling storytelling to drive awareness. With a background in Banking and Finance and experience across accounting, media, and education, she applies sharp analysis and attention to detail to every piece. She simplifies complex financial and economy concepts into engaging content for Africa and global audience. Chinwe also doubles as a speaker with global recognition for her expertise.