Presco PLC, a leading integrated edible oil business in Nigeria, has announced a remarkable financial performance for the first quarter ending March 31, 2025, reporting unprecedented profitability and sustained operational growth.

The company's unaudited financial results reveal a 97.6% surge in Profit Before Tax (PBT), climbing from N29.7 billion in Q1 2024 to an impressive N58.6 billion. This significant milestone underscores Presco's robust production capabilities, disciplined operational practices, and unwavering commitment to efficiency and value generation.

Further highlighting its strong performance, Presco recorded a 120.4% year-on-year growth in Revenue, increasing from N42.5 billion in the first quarter of 2024 to N93.8 billion in the corresponding period of 2025. 

The company also witnessed substantial increases across other key financial indicators, including a 117.9% year-on-year rise in EBITDA, reaching N71.6 billion. Moreover, Presco's Total Assets saw a healthy 15.5% expansion, growing from N475.1 billion at the end of the 2024 financial year to N548.6 billion by the end of Q1 2025.

The impressive Q1 2025 results showcase a 154.8% jump in Gross Profit to N86.1 billion, while Operating Profit soared by 117.6% year-on-year to N69.1 billion. Consequently, the company's Earnings Per Share (EPS) also experienced significant growth, rising by 97.8% to N4.76.

Commenting on these exceptional results, Reji George, the Managing Director of Presco Plc, expressed his enthusiasm, stating, "Our Q1 2025 results mark a defining moment in our growth trajectory. Achieving N58.6 billion in Profit Before Tax reflects not only the strength of our integrated business model but also the dedication of our team and the trust of our stakeholders. We have maintained strong momentum through disciplined execution, operational excellence, and a focus on sustainable value creation."

Looking ahead, Mr. George conveyed confidence in the company's prospects for the remainder of the year. "As we look ahead to the rest of 2025, we are confident in our ability to deliver strong results, strengthen our leadership in the edible oil sector, and continue building long-term value for our shareholders."

Presco Plc operates as a fully integrated edible oils enterprise, encompassing the cultivation of oil palm plantations and the production, refining, and marketing of specialized fats and oils. Its operational strength is further enhanced by its key subsidiaries, the Ghana Oil Palm Development Company Limited (GOPDC) and Siat Nigeria Limited, which collectively expand its regional presence and solidify its market leadership across West Africa. These impressive first-quarter results signal a continuation of Presco's strong performance and its commitment to sustained growth within the agricultural sector.