Presco declares $11 million dividend as 2025 profit hits $88.7 million

Presco Plc, Nigeria’s largest fully integrated palm oil processor, is set to reward shareholders after a strong year, declaring a final dividend of N14.75 billion ($11 million) for the 2025 financial year. The payout follows a sharp rise in profit, underlining the company’s ability to convert higher sales into earnings and return cash to investors.

The company’s latest annual report shows profit climbed to N121.35 billion ($88.7 million) in the year ended Dec. 31, 2025, up from N77.8 billion ($56.85 million) a year earlier. On the back of that performance, the board proposed a final dividend of N14.66 ($0.011) per share, subject to shareholder approval.

Presco Plc palm oil plantation in Edo State, supporting increased production and revenue growth.

Presco lifts full-year dividend payout

That final payout builds on earlier distributions during the year. Presco had already paid two interim dividends totaling N30 ($0.022) per share, equivalent to N30 billion ($21.9 million). When combined with the proposed final dividend, total shareholder returns for the year come to N44.66 ($0.033) per share, or N47.1 billion ($34.4 million). The steady increase in payouts reflects a pattern seen in companies with consistent earnings growth and strong cash flow.

The results were driven by higher revenue and improved margins. Revenue rose to N330.6 billion ($241.2 million) in 2025 from N207.5 billion ($151.4 million) a year earlier, supported by increased output and firm demand. Gross profit followed the same path, climbing to N242.2 billion ($177.1 million) from N142 billion ($103.6 million), as the company kept costs in check while expanding operations.

Presco Plc internal transport system moving palm oil products across its integrated facilities in Nigeria.

Presco expands integrated palm operations

From its base in Edo State, Presco manages plantations, processing mills, refining units and packaging plants. It also generates biogas from waste, a move that helps reduce energy costs and improve efficiency. As one of the few fully integrated palm oil producers in West Africa, it plays a role in Nigeria’s push to reduce imports and strengthen domestic supply.

The stronger earnings also fed into the balance sheet. Total assets rose to N926 billion ($675.9 million) at the end of 2025, from N475.1 billion ($346.8 million) a year earlier. Shareholders’ equity more than doubled to N442.7 billion ($323.4 million), while retained earnings increased to N176.1 billion ($128.6 million). For shareholders, the latest dividend is not just a payout—it is a signal that earnings growth is being translated into real returns.