Presco Grows Profit by 8.5% to N151.5bn in Nine Months.
The 8.5 per cent profit before tax growth was achieved despite prevailing inflation and declining Edible Oil Prices, underscores the company’ s operational resilience and strategic financial management.
From the unaudited result and accounts posted on the Nigerian Exchange Limited (NGX), Nigeria’s leading fully integrated Edible Oil Business, announced profit after tax of N111.18 billion in nine months 2026, representing an increase of 0.35per cent from N110.8 billion reported in nine months of 2025.
The company’s standalone profit before tax saw a substantial 12.7per cent increase to N96.9 billion, with standalone profit after tax rising 11.9 per cent to N68.7 billion, demonstrating strong underlying earnings capacity.
Presco’s standalone cost of sales stood at N46.2 billion, a decline of 6.2per cent from N49.28 billion in nine months of 2025 to reflect improved cost management. Group gross profit remained robust at N202.8 billion, with margins exceeding 73per cent. Revenue closed nine months of 2026 at N276.54billion, about 0.74 per cent from N274.5 billion as revenue from Nigeria moved to N222.0 billion, representing an increase of 12.7per cent. It highlights the strength of the Group’s core market.
MSEApp News is publishing an original rewrite of this tip for readers, based on reporting associated with THISDAY.