Presco Plc has introduced an improved efficiency for the 9 months ended September 30, 2026, as revenue earlier than tax moved to N151.5 billion, about 8.5 per cent enhance over N139.65 billion reported in 9 months of ended September 30, 2025.
The 8.5 per cent revenue earlier than tax development was achieved regardless of prevailing inflation and declining Edible Oil Prices, underscores the corporate’ s operational resilience and strategic monetary administration.
From the unaudited consequence and accounts posted on the Nigerian Exchange Limited (NGX), Nigeria’s main absolutely built-in Edible Oil Business, introduced revenue after tax of N111.18 billion in 9 months 2026, representing a rise of 0.35per cent from N110.8 billion reported in 9 months of 2025.
The firm’s standalone revenue earlier than tax noticed a considerable 12.7per cent enhance to N96.9 billion, with standalone revenue after tax rising 11.9 per cent to N68.7 billion, demonstrating sturdy underlying earnings capability.
Also, Presco’s standalone price of gross sales stood at N46.2 billion, a decline of 6.2per cent from N49.28 billion in 9 months of 2025 to replicate improved price administration. Group gross revenue remained sturdy at N202.8 billion, with margins exceeding 73per cent.
Revenue closed 9 months of 2026 at N276.54billion, about 0.74 per cent from N274.5 billion as income from Nigeria moved to N222.0 billion, representing a rise of 12.7per cent. It highlights the energy of the Group’s core market. SNL additionally reported vital income and PBT development.
The firm disclosed plans to begin Fresh Fruit Bunches manufacturing from the not too long ago acquired Saro Oil Palm Limited plantation in This autumn is about to enhance future operational and monetary efficiency.
Commenting on the outcomes,Managing Director/ Chief Executive Officer of Presco, Reji George in a press release mentioned:“Our complete enterprise operations stay sturdy and well-positioned for continued success. Across our plantations, processing services, and provide chain, we now have maintained disciplined price administration and optimized productiveness, which has translated into sturdy monetary outcomes.
“Our diversified operational method and strategic investments have enabled us to stand up to financial headwinds whereas delivering development. The graduation of Fresh Fruit bunches manufacturing from our new Saro Oil Palm Limited plantation in This autumn is a key catalyst that can additional improve our manufacturing capability and profitability.
“As we method the tip of 2026, our strategic focus stays on leveraging operational efficiencies, increasing our productive capability, and reinforcing our dedication to sustainability. We are assured in our means to shut the yr strongly and ship long-term worth, supported by our resilient enterprise mannequin and proactive administration method.
“As an organization, We remain committed to sustainable practices that support long-term value creation, ensuring we deliver superior returns to our shareholders while upholding our environmental and social responsibilities.”
