Presco reports record growth and major acquisitions
Presco Plc has released its audited financial results for the year ended December 31, 2025, and unaudited results for the first quarter ended March 31, 2026. The company achieved significant growth in revenue and profit, driven by operational expansion and a strengthened capital base. Presco Plc also completed key acquisitions, further expanding its footprint in West Africa. The company’s leadership highlighted the success of its strategy and positive outlook for the future.
TLDR
- Revenue for the year ended December 31, 2025, rose by 59.3% to N330.6bn, with gross profit up 70.6% to N242.2bn.
- Total equity surged by 109.6% to N442.7bn, and total assets increased by 94.9% to N926.0bn.
- The successful rights issue more than doubled total equity, strengthening the balance sheet.
- Presco Plc acquired the remaining 48% shareholding in Ghana Oil Palm Development Company Limited and completed the acquisition of Nsadop Boki Palm Estate.
- For the first quarter ended March 31, 2026, revenue increased by 7.5% year-on-year, and profit before tax rose by 18.2%.
