Presco Plc has announced its unaudited financial and operational results for the half year (H1) ended June 30, delivering exceptional profitability, operational resilience, and strong year-on-year (YoY) growth across all performance metrics.
The company reported 125.8 percent year-on-year growth in revenue to N198.7 billion (H1 2024: N88billion); 121.8 percent growth in Profit Before Tax to N111.9 billion; 128.2 percent increase in Profit After Tax to N88.7 billion; 133.5 percent growth in EBITDA to N132.5 billion; 29 percent increase in Total Assets to N612.9 billion; and 74.1 percent rise in retained earnings to N220.7 billion.
The company also declared N20 per share interim dividend for the half year ended June 30, 2025. The interim dividend of N20 for every share of 50kobo held, subject to appropriate withholding tax (WHT) and approval will be paid to shareholders whose names appear in the Register of Members as at the close of business on Friday November 7, 2025.
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The Register of shareholders will be closed from Monday November 10, 2025 to November 14, 2025. On the Friday November 21, the interim dividends will be paid electronically to shareholders whose names appear on the Register of Members as at Friday November 7 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts.
The Group delivered a Profit Before Tax (PBT) of N111.9 billion in H1 2025, up 121.8 percent from N54.5billion in the same period last year. This performance reflects the Group’s strong revenue base, improved cost discipline, and strategic focus on long-term value creation. The H1’25 revenue reached N198.7 billion, a 125.8 percent increase from N88.0 billion in H1’2024.
While commenting on the H1’25 performance, Reji George, Managing Director, Presco Plc, stated: “We’ve delivered significant growth in earnings, sustained our investment in operations, and continued to build a healthy balance sheet. Our H1 2025 performance reflects the strength and discipline of our diversified business model. These results speak to the resilience of our team and the trust of our stakeholders.”
“Looking ahead, we are well-positioned to sustain this momentum, with our robust operational capacity and strategic initiatives expected to drive continued growth and value creation for our stakeholders.”
Gross profit rose by 164.1 percent to N173.2 billion, while operating profit stood at N129.8 billion, up 138.3 percent year-on-year. EBITDA grew by 133.5 percent to N132.5 billion, while earnings per share increased to N88.72, up from N38.88.
