Presco Plc, Nigeria’s leading fully integrated agro-industrial company, has released its unaudited financial results for the half-year (H1) ended June 30 2026.

The Board has proposed an interim dividend of N10 per ordinary share.

In the review H1 period, Presco Plc’s Profit Before Tax (PBT) printed higher at N122.2 billion, up 9.3 percent from N111.9 billion recorded in the corresponding H1 period of 2025.

The Board’s approved interim dividend of N10 per share reinforces Presco’s commitment to delivering consistent shareholder returns. Presco Plc has 1,166,666,667 shares outstanding, which means that the company will pay about N11.6billion as interim dividend.

At N2,070 per share, the share price of Presco Plc has risen this year by 42.76 percent. The stock nears its 52-week high of N2,315.4 as against 52-week low of N1,425.

The company’s half-year PBT growth was supported by a 31.9 percent reduction in finance costs and disciplined cost management. The company’s revenue of N198.8 billion in H1’26, was broadly stable compared with N198.7 billion in H1’25.

Other key highlights of the results in half year 2026 show EBITDA at N123.1 billion; margin of 61.9 percent; total equity increased by 13.8 percent to N503.6 billion; total liabilities decreased by 42.5 percent to N277.8 billion; retained earnings was up 34 percent to N258.4 billion; while current ratio in H1’26 was 345.6 percent.

Presco delivered a resilient first-half performance despite a high-cost operating environment and softer crude palm oil prices. PBT rose 9.3 percent year-on-year to N122.2 billion, representing 69 percent of the full-year 2025 PBT and reflecting the Company’s financial resilience.

Revenue closed at N198.8 billion, exceeding 60 percent of FY 2025 revenue, while EBITDA of N123.1 billion yielded a margin of 61.9 percent. The Company strengthened its balance sheet, reducing total liabilities by 42.5 percent to N277.8 billion, while equity grew 13.8 percent to N503.6 billion. A current ratio of 345.6 percent underscores robust liquidity.

Looking ahead, Presco remains focused on disciplined capital allocation, operational efficiency and long-term value creation while navigating evolving market conditions.

Commenting on the results, Reji George, Managing Director/Chief Executive Officer, stated: “Our H1 2026 performance underscores the strength of our operational model in a challenging environment.

The 9.3 percent growth in profit before tax, driven largely by a 31.9 percent reduction in financing costs, reflects our deliberate focus on cost optimisation and balance sheet discipline.

“With equity up 13.8 percent and liabilities down 42.5 percent, we have further fortified our financial foundation. The proposed interim dividend of N10 per share signals our confidence in the business’s trajectory and our commitment to rewarding shareholders.”

Chinwe Michael is a financial inclusion advocate and economy journalist who uses compelling storytelling to drive awareness. With a background in Banking and Finance and experience across accounting, media, and education, she applies sharp analysis and attention to detail to every piece. She simplifies complex financial and economy concepts into engaging content for Africa and global audience. Chinwe also doubles as a speaker with global recognition for her expertise.