For the 2025 first quarter (Q1) ended March 31, 2025, Presco Plc, Nigeria’s leading fully integrated edible oil business, has declared ₦58.6 billion Profit Before Tax (PBT), representing a 97.6% year-on-year increase compared to ₦29.7 billion in Q1 2024.
Revenue for the quarter grew by 120.4% to ₦93.8 billion, up from ₦42.5 billion in the previous year.
Gross profit surged by 154.8% to ₦86.1 billion, while operating profit reached ₦69.1 billion, up 117.6% year-on-year. EBITDA stood at ₦71.6 billion, a 117.9% increase, and earnings per share rose by 97.8% to ₦4.76. Q1 2025 Performance
Key Highlights
97.6% growth in Profit Before Tax, rising from N29.7bn in Q1 2024 to N58.6bn
120.4% Year-on-Year growth in Revenue, increasing from N42.5bn to N93.8bn
117.9% Year-on-Year increase in EBITDA, rising to N71.6bn
15.5% increase in Total Assets, from N475.1bn in FY 2024 to N548.6bn
Commenting on the performance, Reji George, Managing Director of Presco Plc, stated:
“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.”
“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.”
