PALM oil maker Presco Plc raked in a total of revenue of N331.2 billion in full-year 2025, up 60 percent from N207.504 billion earned in 2024. Incidentally, the huge revenue was earned from 4 different markets in the world, namely Nigeria, Ghana, Germany and Austria.
The group’s profit jumped by 77 percent to N138.116 billion in 2025, from N78.102 billion reported in 2024. The big news, however, is that these 4 markets brought in the total revenue of the palm oil maker, Presco’s 2025 financial statement shows.
Nigeria, the group’s headquarters, is the biggest market, contributing 74 percent of the revenue. The nation produced a revenue of N245.331 billion from Presco’s palm oil sales. Following Nigeria is Ghana, which contributed N80.007 billion, representing 24 percent of the revenue. This, therefore, puts the West African nation as Presco’s biggest export market.
Next is Germany, which contributed N5.314 billion to the revenue pool, representing a 1.6 percent of the total sales. Austria is the least, contributing 0.6 percent.
Nigeria’s palm oil is in high demand locally and globally. The nation’s palm oil consumption is expected to reach 1.44 million metric tons (MMT) by 2026, up from 1.38 MMT in 2021. This represents an average yearly growth rate of 0.7 percent, according to ReportLinker.
Presco’s investments
Presco Plc was incorporated in Nigeria on September 24, 1991 as Presco Industries Limited, a private limited liability company under the Companies and Allied Matters Act, and became a public limited liability company in February, 2002.
Presco Plc’s shares are actively traded on the Nigerian Exchange (NGX) with the Siat Group holding 61.2 percent while the Nigeria Public holds 38 percent. The price stood at N1,635 per share as at the end of February 2, 2026 market day.
Presco specialises in the cultivation of oil palm and in the extraction, refining and fractionation of crude palm oil into finished products.
Presco supplies specialty supplies fats and oils to customers.
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This is made possible by the integrated nature of the company’s production process. The company operates from 8 estates (6 in Nigeria and two in Ghana): Obaretin Estate, Ologbo Estate and ATO Estate in Edo State; Cowan Estate in Delta State; Ubima & Elele in Rivers State; as well as Kwae and Okumaning estates in Ghana.
In 2025, the group acquired property, plant and equipment at a cost of N40.713 billion while that of the company was N30.107 billion.
In January 2026, Presco officially concluded the 100 percent acquisition of Ghana Oil Palm Development Company Limited (GOPDC). The GOPDC and Saro Oil Palm deals are worth $171.6 million. In December 2025, it acquired 10,000 hectares across the Nsadop and Boki plantations in Cross River State. The company occupies thousands of hectares of oil palm plantations in Edo State, and eyes more, as palm oil boom continues.
High production costs
However, the palm oil maker faced high production costs in 2025. Its raw materials cost increased 22 times to N15.25 billion in 2025, from just 704 million reported in 2024. Similarly, Presco’s production cost climbed to N76.046 billion in 2025, up from N58.059 billion recorded in the correspnding periof of 2024.
Previous year’s performance
Presco Plc and Okomu have shown that palm oil is no longer the nano business done at the backyard by Iya Bisi or Mama Ebuka. It is now a multi-billion naira business and an investment opportunity for direct investors who wish to tap long-term profits.
Presco’s revenue stood at N207.5 billion in the 2024 financial year, which was more than double what it earned in 2023 (N102.4 billion). Its profit for the year stood at N77.8 billion as against N32.4 billion in the corresponding period of 2023, representing 140 percent increase in profit over the one-year period.
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Okomu Plc, on the other hand, reported N130.2 billion revenue in 2024, represening 73 percent increase from N75.1 billion in the same period of the previous year. Its profit jumped 94 percent to N39.9 billion, from N20.6 billion reported in the same period of 2024.
“The high demand for palm oil in various industries, both locally and internationally, guarantees stable cash flow for investors. In fact, the profitability of palm oil cultivation is comparable to other agricultural sectors in Nigeria, with many successful palm oil companies already reaping significant returns,” said Silvawell Harvesting, which deals in agricultural products.
