Presco, Nigeria's leading fully integrated agro-industrial company, has announced a record financial performance for 2025. At its 33rd Annual General Meeting (AGM), shareholders adopted the company's audited financial statements for the year ended 31 December 2025 and approved key business and governance resolutions. The AGM highlighted Presco's remarkable 2025 performance, its expanded regional platform, and priorities for 2026.
Presco delivered a record financial performance in 2025, with revenue rising 59.3 per cent to N330.6 billion. Profit Before Tax (PBT) increased 57.1 per cent to N177.9 billion, and Profit After Tax (PAT) rose 56.1 per cent to N121.4 billion. EBITDA grew 43.7 per cent to N211.8 billion, while total assets increased 94.9 per cent to N926 billion.
A landmark N236.7 billion rights issue more than doubled total equity to N442.7 billion, strengthening the balance sheet and supporting the company's growth plans. Shareholders approved a final dividend of N14.66 per 50 kobo ordinary share, taking the total dividend for 2025 to N44.66 per share. This significant increase in dividend payout reflects the company's strong financial performance.
The record performance was matched by significant strategic progress. Presco completed the acquisition of the remaining 48 per cent shareholding in Ghana Oil Palm Development Company Limited (GOPDC), taking its ownership to 100 per cent. The company also acquired Saro Oil Palm Limited (SOP), including the Nsadop and Boki estates in Cross River State.
Commenting on the company's performance, Chairman, Presco Plc, Mr. Rasheed Olakanmi Sarumi, said that the record performance delivered in 2025 reflects the strategic choices made and the stronger regional platform being built. As Presco integrates its operations across Nigeria and Ghana, its focus remains clear: build scale, improve efficiency, and create sustainable long-term value for shareholders and stakeholders.
Managing Director and Chief Executive Officer, Presco Plc, Mr. Reji George, commented on the company's outlook, stating that Presco enters its next phase of growth with greater scale, stronger operating capabilities, and a more integrated regional platform. The priority is to convert that scale into measurable efficiencies and stronger performance while building the people, systems, and capabilities required to sustain growth across West Africa.
Shareholders also ratified the appointments of Mr. Ademola Adebise, Mr. Adewale Arikawe, and Mr. Francois VanHoydonck as directors of the company. Mr. Rasheed Olakanmi Sarumi, Mr. Abdul Akhor Bello, Mrs. Iquo Ukoh, and Ms. Osayi Alile were re-elected as directors retiring by rotation. These changes are expected to support Presco's growth plans and strategic objectives.
Key points
- Presco's revenue rose 59.3 per cent to N330.6 billion in 2025.
- The company's total dividend for 2025 is N44.66 per share.
- Presco completed the acquisition of GOPDC and acquired Saro Oil Palm Limited in 2025.
