Nigeria’s leading fully integrated agro-industrial company, at its 33rd Annual General Meeting (AGM), where shareholders adopted the company’s audited financial statements for the year ended 31 December 2025, approved key business and governance resolutions. The AGM also highlighted Presco’s record 2025 performance, its expanded regional platform and priorities for 2026.

Presco delivered record financial performance in 2025. Revenue rose 59.3 per cent to N330.6b, Profit Before Tax (PBT) increased 57.1 per cent to N177.9b and Profit After Tax (PAT) rose 56.1 per cent to N121.4b. EBITDA grew 43.7 per cent to N211.8b, while total assets increased 94.9 per cent to N926b. A landmark N236.7b rights issue more than doubled total equity to N442.7b, strengthening the balance sheet and supporting the company’s growth plans.

Shareholders approved a final dividend of N14.66 per 50 kobo ordinary share, taking the total dividend for 2025 to N44.66 per share.

Commenting on the company’s performance, Chairman, Presco Plc, Mr. Rasheed Olakanmi Sarumi, said: “The record performance delivered in 2025 reflects the strategic choices we have made and the stronger regional platform we are building. As we integrate our operations across Nigeria and Ghana, our focus remains clear: build scale, improve efficiency and create sustainable long-term value for our shareholders and stakeholders.”

The record performance was matched by significant strategic progress. Presco completed the acquisition of the remaining 48 per cent shareholding in Ghana Oil Palm Development Company Limited (GOPDC), taking its ownership to 100 per cent, and acquired Saro Oil Palm Limited (SOP), including the Nsadop and Boki estates in Cross River State.

Commenting on the company’s outlook, Managing Director and Chief Executive Officer, Presco Plc, Mr. Reji George, said: “We enter Presco’s next phase of growth with greater scale, stronger operating capabilities and a more integrated regional platform. Our priority is to convert that scale into measurable efficiencies and stronger performance, while building the people, systems and capabilities required to sustain growth across West Africa.”

Also shareholders ratified the appointments of Mr. Ademola Adebise, Mr. Adewale Arikawe and Mr. Francois VanHoydonck as directors of the company, while Mr. Rasheed Olakanmi Sarumi, Mr. Abdul Akhor Bello, Mrs. Iquo Ukoh and Ms. Osayi Alile were re-elected as directors retiring by rotation.