Presco posts N151.5bn profit before tax in nine months
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Verified Synthesis~32s readRevenue generated from Nigeria increased 12.7 per cent to N222.0bn, while group gross profit remained strong at N202.8bn with margins exceeding 73 per cent. Total group liabilities dropped 42.4 per cent to N278.2bn, which in turn reduced group finance costs 34.5 per cent from N30.0bn to N19.6bn.
Context & Background
- ✦Presco Plc has announced an improved financial performance for the first nine months ended September 30, 2026, recording an 8.5 per cent year-on-year growth in profit before tax to N151.5bn.
Key Figures & Named Entities
2026:Presco Plc has announced an improved financial performance for the first nine months ended September 30, 2026, recording an 8.5 per cent year-on-year growth in profit before tax to N151.5bn.Monday:According to the company’s financial report submitted to the NGX on Monday, the growth in profitability was achieved despite prevailing domestic inflationary pressures and declining global edible oil prices, reflecting operational resilience and strategic balance sheet management.30 September:Group shareholders’ equity grew 10.1 per cent to N487.3bn, supported by an increase in retained earnings to N253.5bn, alongside a cash position of N135.2bn as of 30 September 2026.
Outlook & Next Steps
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Key Takeaways
Verified Extract- Revenue generated from Nigeria increased 12.7 per cent to N222.0bn, while group gross profit remained strong at N202.8bn with margins exceeding 73 per cent.
- Total group liabilities dropped 42.4 per cent to N278.2bn, which in turn reduced group finance costs 34.5 per cent from N30.0bn to N19.6bn.
- Presco Plc has announced an improved financial performance for the first nine months ended September 30, 2026, recording an 8.5 per cent year-on-year growth in profit before tax to N151.5bn.
Key Facts:2026: Presco Plc has announced an improved financial performance for the first nine months ended September 30, 2026, recording an 8.5 per cent year-on-year growth in profit before tax to N151.5bn.Monday: According to the company’s financial report submitted to the NGX on Monday, the growth in profitability was achieved despite prevailing domestic inflationary pressures and declining global edible oil prices, reflecting operational resilience and strategic balance sheet management.30 September: Group shareholders’ equity grew 10.1 per cent to N487.3bn, supported by an increase in retained earnings to N253.5bn, alongside a cash position of N135.2bn as of 30 September 2026.2026: “As we approach the end of 2026, our strategic focus remains on leveraging operational efficiencies, expanding our productive capacity, and reinforcing our commitment to sustainability.
Editorial Excerpt
Presco Plc has announced an 8.5% year-on-year growth in profit before tax to N151.5bn for the first nine months ended September 30, 2026.
Frequently Asked Questions About This Story
What is the key takeaway from this report?
Revenue generated from Nigeria increased 12.7 per cent to N222.0bn, while group gross profit remained strong at N202.8bn with margins exceeding 73 per cent.
What additional context is highlighted in this report?
Total group liabilities dropped 42.4 per cent to N278.2bn, which in turn reduced group finance costs 34.5 per cent from N30.0bn to N19.6bn.
What timeline or key figures were confirmed?
Presco Plc has announced an improved financial performance for the first nine months ended September 30, 2026, recording an 8.5 per cent year-on-year growth in profit before tax to N151.5bn.
