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Presco Plc has declared a pre-tax profit of N69.24 billion in its unaudited financial results for the first quarter ended March 31, 2026.

This represents an 18.2% increase from N58.61 billion recorded in the corresponding period of 2025.

The financial results filed with the Nigerian Exchange (NGX) at the weekend show strong gross margins, improved finance income, and a significant reduction in borrowing costs, despite pressures from exchange losses and a higher tax burden.

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The Okomu Oil Palm has recorded a pretax profit of N34.09 billion in its unaudited Q1 2026 results filed on the Nigerian Exchange, marking a solid start to the year.

This represents a 5.88% increase from the N32.2 billion reported in the same period last year, supported mainly by lower sales costs and a stable revenue base.

Revenue for the quarter came in at N58.9 billion, slightly above N58.1 billion in Q1 2025, driven by oil palm and rubber sales, with local demand accounting for 92.9%.

A 24.5% decline in sales costs to N11.6 billion strengthened margins, which reflected on the bottom line, with earnings per share rising to N24.74 from N22.79, signalling improved returns for shareholders.

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https://nairametrics.com/2026/04/08/okomu-oil-records-n90-6-billion-fy2025-profit-sets-dividend-date/

The Okomu Oil Palm Company published its audited 2025 results, reporting a pretax profit of N90.6 billion, up from N53.5 billion in 2024.

This performance was driven by solid top-line earnings, with revenue rising 52.18% year-on-year to N198.1 billion, compared with N130.2 billion in the previous year.

A closer look shows that palm, rubber, and oil processing activities generated N172.6 billion in Nigeria, while sales outside Nigeria contributed N25.5 billion.

The company declared a final dividend of N15 per 50 kobo share, payable on May 26, 2026, to shareholders on record as of the April 27, 2026, qualification date.

Key highlights (2025 vs 2024)
Revenue: N198.1 billion, up 52.18% YoY
Other income: N12.5 billion vs N15.3 billion
Raw materials and consumables: N29.5 billion, up 30.47% YoY
Employee benefits expenses: N31.03 billion vs N26.1 billion
Pretax profit: N90.6 billion, up 69.26% YoY

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Malaysia’s plantation sector is poised for a stronger earnings cycle as tighter regional supply controls and rising biodiesel demand continue to underpin crude palm oil (CPO) prices, according to recent sector research reports.

Thailand’s move to tighten CPO export controls from April 7 is expected to lend near-term support to CPO prices by limiting supply availability in the global market.

Under the new measure, exporters must obtain prior written approval for each shipment to safeguard domestic supply amid rising local consumption and biodiesel demand.

While Thailand accounts for only a relatively small share of global palm oil exports, analysts said the policy reinforces a broader regional trend of prioritising domestic energy security and food supply, particularly as higher crude oil prices improve biodiesel economics.

Research houses have subsequently adjusted their CPO price assumptions for 2026 and 2027.

HongLeong Investment Bank raised its 2026 estimates by RM150 per tonne to RM4,350 per tonne but kept its long term forecast of RM4,200 per tonne from 2027 as supply conditions gradually normalise.

"We expect prices to remain elevated at RM4,500-4,600 per tonne in 2Q26 before moderating from 3Q26 onwards," it said in a note on Wednesday.

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