Presco Plc, Nigeria’s leading fully integrated palm oil producer, has announced an interim dividend of ₦20 per share for its shareholders. The dividend reflects the company’s strong half-year performance and its commitment to rewarding investors amid a robust expansion of its palm oil operations across West Africa.
According to the corporate notice released by the company, shareholders who hold Presco shares by the close of business on Friday, November 7, 2025, will be eligible for the dividend payout scheduled for Friday, November 21, 2025. The register of shareholders will be closed from Monday, November 10, to Friday, November 14, 2025 to finalize preparations for payment.
Share Performance and Dividend Yield
At a share price of ₦1,550, the interim dividend represents a yield of 1.29%. However, with recent trading around ₦1,233, the yield improves to approximately 1.62%. For context, Presco recently paid a ₦42 per share final dividend for FY 2024, translating to a total annual yield of roughly 3.4% at the current price point.
This reinforces Presco’s reputation as a reliable dividend-paying stock within the Nigerian equity market. While its returns may not provide quick speculative gains, the company offers steady compounding potential for investors focused on wealth accumulation.
Exceptional Financial Growth in 2025
Presco’s financial performance has been remarkable in 2025. For the half-year period ending June 30, the company reported:
- Revenue growth of 125.8% to ₦198.7 billion
- Profit Before Tax (PBT) rising 121.8% to ₦111.9 billion
- Profit After Tax (PAT) surging 128.2% to ₦88.7 billion
- EBITDA increasing 133.5% to ₦132.5 billion
The company’s total assets rose by 29% to ₦612.9 billion, while retained earnings jumped 74.1% to ₦220.7 billion.
Presco’s full-year 2024 results also showed impressive strength, with profit doubling to ₦77.79 billion, revenue rising to ₦207.5 billion, and the share price appreciating by 146% over the year. This strong growth trajectory is credited to Presco’s operational efficiency, strategic expansion, and steady demand for palm oil products in Nigeria and neighboring markets.
Palm Oil Business Expansion
Presco has been aggressively expanding its footprint in the West African palm oil sector. In 2024, the company finalized its strategic acquisition of a majority stake in Ghana Oil Palm Development Company (GOPDC), further positioning itself as a dominant agro-industrial player in the region.
Through its vertically integrated business model, Presco supplies refined palm oil and derivatives to major fast-moving consumer goods (FMCG) companies, including Nestlé, Unilever Ghana, Fan Milk, and Dangote Group. This diversified client base provides a stable revenue pipeline and strengthens its competitive advantage in the sector.
Investor Perspective: Slow and Steady Wealth
Market analysts view Presco as an ideal stock for long-term investors seeking steady income rather than short-term speculative gains. The company’s consistent dividend policy, solid earnings growth, and strategic expansion support its case as a reliable wealth-building vehicle.
For investors who meet the qualification date, the interim dividend of ₦20 per share will be paid electronically on November 21, 2025.
Dividend and Performance Summary
| Item | Details |
|---|---|
| Interim dividend | ₦20 per share |
| Qualification date | November 7, 2025 |
| Register closure | November 10–14, 2025 |
| Payment date | November 21, 2025 |
| Current share price | ₦1,550 (yield ~1.29%) |
| Adjusted yield | ₦1,233 (yield ~1.62%) |
| FY 2024 final dividend | ₦42 per share (yield ~3.4%) |
| H1 2025 revenue | ₦198.7 billion (+125.8%) |
| H1 2025 profit after tax | ₦88.7 billion (+128.2%) |
| Total assets (2025) | ₦612.9 billion (+29%) |
