Shares of Presco Plc closed above N2,000 for the primary time ever, ending buying and selling on 16 February 2026 at N2,015.00 per share.
The milestone displays sturdy shopping for momentum, lifting the inventory’s month-to-date achieve in February to 23.24%, up from its opening worth of N1,635.
Investor sentiment is probably going being pushed by the corporate’s FY2025 outcomes, which present pre-tax revenue rising 57.28% to N178.55 billion from N113.53 billion in 2024, supported by strong income development.
To this point in 2026, Presco has gained 38.97% on the Nigerian Alternate, with over 20 million shares traded, extending momentum after its 207% return in 2025.
In accordance with every day buying and selling information on the Nigerian Alternate, Presco jumped 6.05% within the session that ended 16 February 2026, breaking above the N2,000 mark.
This marks the second-highest every day achieve in February, behind the earlier session’s 6.74% surge, the strongest recorded to date this month.
Market participation has additionally picked up notably in February, with buying and selling quantity exceeding 15.3 million shares to date, greater than triple the 4.8 million shares recorded in January, bringing whole year-to-date quantity to over 20 million shares.
The inventory has sustained sturdy shopping for momentum on the NGX since 2025, when it delivered a 207.04% return, considerably rewarding shareholders.
Latest rallies seem supported by constructive fundamentals.
Income development was largely fueled by elevated gross sales of crude and refined palm oil merchandise, which accounted for the majority of the N331.18 billion recorded for the 12 months.
A cursory evaluation reveals that of the N331.18 billion in income, N245.3 billion was generated in Nigeria, accounting for 74% of the full gross sales quantity of crude and refined merchandise.
Administrative and distribution bills rose considerably attributable to expanded operations and inflationary pressures, whereas finance prices jumped to N43.6 billion from N12.79 billion, pushed by a better debt burden. This was partly offset by finance earnings of N7.79 billion.
Whole property rose considerably to N833.3 billion following the acquisition and development in organic property, whereas internet working money circulation remained sturdy at N146.17 billion, supporting growth and dividend funds.
Presco Nigeria Plc executed a profitable rights concern, elevating N237.7 billion in premium, and finalized the acquisition of the remaining 48% stake in Ghana Oil Palm Growth Firm (GOPDC), bringing its possession to 100%.
Presco Plc is an built-in palm oil firm in Nigeria, producing and advertising crude and refined palm oil, in addition to associated agricultural merchandise.
