Presco Plc (Bloomberg: PRESCO:NL | Reuters: PRESCO.LG | NGX: PRESCO), Nigeria’s main absolutely built-in Edible Oil Business, right this moment introduced an improved efficiency for the primary 9 months of 2026 ended 30 September 2026 (“9M 2026”), highlighted by an 8.5% year-on-year enhance in Profit Before Tax (PBT) to ₦151.5 billion. This PBT development, achieved regardless of prevailing inflation and declining Edible Oil Prices, underscores the corporate’s operational resilience and strategic monetary administration.
Key Investor Highlights for 9M 2026:
- Resilient Profitability: Group Profit Before Tax (PBT) grew 8.5% YoY to N151.5 billion. Presco standalone PBT noticed a considerable 12.7% enhance to ₦96.9 billion, with standalone Profit After Tax rising 11.9% to ₦68.7 billion, demonstrating robust underlying earnings capability.
- Operational Efficiency Gains: Presco’s standalone price of gross sales declined by 6.2% to ₦46.2 billion, reflecting improved price administration. Group gross revenue remained strong at ₦202.8 billion, with margins exceeding 73%.
- Deleveraging and Financial Strength: Total Group borrowings had been decreased by roughly 57% to ₦137.1 billion (a discount of ₦180.2 billion). Total Group liabilities decreased by 42.4% to ₦278.2 billion. This substantial deleveraging enhances monetary flexibility for future development.
- Reducing Finance Costs: Group finance prices noticed a major discount of 34.5%, lowering from ₦30.0 billion to ₦19.6 billion, a direct good thing about energetic steadiness sheet administration.
- Strengthened Equity and Liquidity: Group shareholders’ fairness grew 10.1% to ₦487.3 billion, with retained earnings growing to ₦253.5 billion. The firm maintained a considerable money place of ₦135.2 billion.
- Domestic Market Strength: Revenue from Nigeria elevated by 12.7% to ₦222.0 billion, highlighting the power of the Group’s core market. SNL additionally reported vital income and PBT development.
- Strategic Growth Initiatives: The graduation of Fresh Fruit Bunches manufacturing from the just lately acquired Saro Oil Palm Limited plantation in This fall is ready to increase future operational and monetary efficiency.
Presco Plc’s resilient built-in enterprise mannequin, strategic investments, and operational efficiencies have strengthened its monetary efficiency and steadiness sheet, positioning the corporate for sustained development and market management in Nigeria and West Africa’s edible oils business. Through a continued deal with operational excellence, sustainability, and long-term worth creation, Presco stays well-positioned to ship sustainable returns to shareholders.
MD’s Commentary
Commenting on the outcomes, Reji George, Managing Director/ Chief Executive Officer of Presco Plc, stated:
“Our complete enterprise operations stay strong 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 robust monetary outcomes. Our diversified operational strategy 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 fall is a key catalyst that may additional improve our manufacturing capability and profitability.
As we strategy 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 potential to shut the 12 months strongly and ship long-term worth, supported by our resilient enterprise mannequin and proactive administration strategy. As a corporation, We stay dedicated to sustainable practices that help long-term worth creation, making certain we ship superior returns to our shareholders whereas upholding our environmental and social tasks.”
For extra details about Presco Plc and its monetary reviews, go to www.presco-plc.com.
