Presco Plc has delivered a 9.3% increase in pre-tax profit to N122.2 billion for the first half of 2026, with the company’s board proposing an interim dividend of N10 per share.
The results underscore the resilience of Nigeria’s consumer goods sector despite broader macroeconomic headwinds, as the company continues to expand its manufacturing footprint.
The profit growth comes as Presco accelerates its industrial expansion, including a recent investment in what is described as Nigeria’s largest continuous soap manufacturing facility.
This capital expenditure is part of a broader strategy to enhance production efficiency and capture greater market share in the fast-moving consumer goods (FMCG) space.
The proposed dividend signals management’s confidence in cash flow generation and commitment to returning value to shareholders.
Presco’s performance aligns with a record year for Nigeria’s palm oil sector, which saw national output reach 1.57 million tonnes in 2025.