University Press Plc (UP Plc) has posted a profit of N619 million, marking a significant turnaround and signaling renewed momentum for the leading educational publishing company.

Speaking at the company’s Annual General Meeting (AGM) held in Ibadan, the Managing Director of UP Plc, Mr. Samuel Kolawole, expressed strong optimism about the company’s future, noting that its improved financial performance provides a solid foundation for long-term sustainability and expansion.
“These financial outcomes demonstrate the company’s renewed strength and momentum,” Kolawole stated. “With shareholders’ trust and the unwavering dedication of our workforce, we are poised for even greater impact in the education sector and ready to seize emerging opportunities.”

Kolawole reaffirmed the company’s commitment to strengthening its publishing operations, extending its market reach to more schools and regions, and staying in step with digital learning trends. He emphasized that cost efficiency and fiscal discipline would remain central to UP Plc’s strategy, ensuring that its growth is both responsible and sustainable.

The company’s financial rebound was met with commendation from shareholders present at the AGM, many of whom praised the management team for steering the firm back to profitability.

Describing the performance as “commendable and encouraging,” shareholders urged the board and executive leadership not to rest on their laurels. They also called for greater investment in digital transformation, stressing the growing importance of online learning platforms and digital publishing tools in the global education space.

The AGM also featured key board decisions, including the re-election of Mr. Ogunkeye as Chairman and the reappointment of Professor Tracie Utoh-Ezeajugh as an Independent Non-Executive Director. Both decisions received unanimous approval from shareholders, reflecting confidence in the current leadership.

The company’s leadership reiterated its commitment to innovation, stakeholder value, and educational excellence as it continues to evolve in a rapidly changing industry landscape.