Nigeria’s leading fully integrated agro-industrial company, Presco Plc, has proposed an interim dividend of N10 per ordinary share after releasing its unaudited financial results for the half-year ended June 30, 2026.
The results showed that profit before tax rose 9.3 per cent to N122.2 billion from N111.9 billion in the corresponding period of 2025, supported by a 31.9 per cent reduction in finance costs and disciplined cost management.
Revenue stood at N198.8 billion, broadly unchanged from N198.7 billion recorded a year earlier, while earnings before interest, taxes, depreciation and amortisation (EBITDA) was N123.1 billion, representing a margin of 61.9 per cent.
The company’s total equity increased by 13.8 per cent to N503.6 billion, while total liabilities declined by 42.5 per cent to N277.8 billion. Retained earnings also grew by 34.0 per cent to N258.4 billion.
Despite a high-cost operating environment and softer crude palm oil prices, Presco delivered a resilient first-half performance. The company said its profit before tax of N122.2 billion represents 69 per cent of its full-year 2025 profit before tax, underscoring its financial resilience.
