Presco Plc Posts 9.3% Profit Rise, Declares ₦10 Interim Dividend for H1 2026
Presco Plc released its unaudited half-year results for the period ended 30 June 2026, reporting a profit before tax of ₦122.2 billion—up 9.3% from ₦111.9 billion in H1 2025—driven by a 31.9% drop in finance costs and tight cost control. Revenue remained flat at ₦198.8 billion, while EBITDA reached ₦123.1 billion, giving a margin of 61.9%. The balance sheet strengthened: total equity rose 13.8% to ₦503.6 billion, total liabilities fell 42.5% to ₦277.8 billion, retained earnings grew 34.0% to ₦258.4 billion, and the current ratio stood at 345.6%, indicating robust liquidity. The board declared an interim dividend of ₦10 per share, underscoring confidence in the business trajectory and commitment to shareholder returns. Additionally, the firm postponed its 2025 Annual General Meeting pending a Court of Appeal ruling on related appeals, reaffirming its commitment to corporate governance and transparency.
Why does this matter to investors and stakeholders? The strong profit growth despite a tough operating environment shows Presco’s operational resilience and effective financial management. The shrinking debt and rising equity improve financial flexibility, while the healthy current ratio signals the company can meet short-term obligations comfortably. The dividend provides immediate cash return to shareholders, reinforcing confidence in future earnings. The postponed AGM, though a procedural delay, signals the company’s adherence to legal processes and regulatory compliance.
What should shareholders or potential investors consider? Existing shareholders may anticipate receiving the ₦10 per share interim payout once approved, adding to income streams. Investors evaluating the stock can note the solid balance-sheet metrics and dividend track record as positives, while monitoring the outcome of the AGM postponement for any governance developments. Keep an eye on the company’s guidance for the second half of 2026 and any updates on the pending court judgment regarding the AGM postponement.