Presco Plc has launched its {financial} assertion for the quarter ended June 30, 2025, reporting a pretax revenue of N53.2 billion, up 156% from N20.7 billion recorded in the identical quarter final 12 months.
This robust efficiency lifted the corporate’s half-year pretax revenue to N111.8 billion, representing a 121.76% improve from H1 2024.
The spectacular revenue progress got here on the again of a pointy rise in income.
Income within the second quarter surged 130.79% year-on-year to N104.9 billion, pushing complete half-year gross sales to N198.7 billion, almost double the N88 billion recorded in H1 2024.
Whereas the price of gross sales rose by 30.36% to N17.8 billion in Q2, robust topline progress ensured that gross revenue elevated to N87.1 billion, up from N31.7 billion a 12 months earlier.
The corporate additionally reported a spike in working bills, particularly administrative prices, which grew by 207.17% to N23.2 billion in Q2.
Finance prices additionally rose, largely pushed by curiosity on loans, which jumped 319.27% to N8.9 billion.
Regardless of this, internet revenue grew strongly to N41.1 billion in Q2, reflecting a 177.59% improve from final 12 months.
Presco’s steadiness sheet confirmed continued progress, with complete belongings up 29% to N612.9 billion.
Talking on the corporate’s outlook, Managing Director Reji George mentioned:
“Wanting forward, we’re well-positioned to maintain this momentum, with our sturdy operational capability and strategic initiatives anticipated to drive continued progress and worth creation for our stakeholders.”
As of the shut of buying and selling on July 29, 2025, shares of the corporate have been priced at N1,550, with a year-to-date return of 226.32%.
