Presco Plc released its unaudited second quarter result for the period ended June 30, 2025,  showing a significant increase in earnings per share (EPS) to N41.14, compared to N14.82 in second quarter of 2024.

The company’s revenue rose by 130.8% year-on-year, driven by increased production volumes and higher global crude palm oil (CPO) prices.

The strong topline expansion was primarily driven by the sales of crude and refined products segment, which grew by 130.8% year-on-year.

Gross margin expanded to 83.0% in Q2-25, reflecting a slower increase in cost of sales compared to revenue growth.

Profit before tax rose by 156.2% to N53.25 billion, while profit after tax settled at N41.14 billion.

The company’s Board declared an interim dividend of N20.00 for every ordinary share of 50 kobo each.

Analysts expect Presco to sustain its earnings momentum through half year 2025, supported by elevated domestic pricing, ongoing cost efficiencies, and a relatively stable exchange rate environment.

However, there is concern that potential downside risks from a softening in global CPO prices could weigh on revenue growth.