Exceptional H1 2025 Results: Presco reported a landmark performance for the first half of 2025, with revenue surging by 125.8% and Profit After Tax (PAT) growing by 128.2% year-on-year, driven by strong yields and higher Fresh Fruit Bunches (FFB) processing.
Source: https://doclib.ngxgroup.com/Financial_NewsDocs/44707_PRESCO_PLC-PRESCO_PLC_H1_2025_UNAUDITED_FINANCIAL_STATEMENT_PRESS_RELEASE_CORPORATE_ACTIONS_JULY_2025.pdf
Significant Capital Raise Approved: At the AGM on August 19, 2025, shareholders approved a resolution to raise up to ₦250 billion in fresh capital via a Rights Issue for acquisitions and debt refinancing.
Source: https://nairametrics.com/2025/08/22/presco-shareholders-approve-n250-billion-capital-raise-2025-director-fees-and-dividends-at-agm/
As part of its expansion strategy, Presco announced plans to acquire two oil palm companies, Ghana Oil Palm Development Company (GOPDC) and Saro Oil Palm (SOP), for a total of $171 million.
Source: https://businessday.ng/news/article/prescos-expansion-plans-to-save-fx-cut-edible-oil-import-by-40-2/
At the AGM, shareholders ratified the appointment of Mr. Reji George as the new Managing Director/CEO.
Source: https://nairametrics.com/2025/08/22/presco-shareholders-approve-n250-billion-capital-raise-2025-director-fees-and-dividends-at-agm/