Presco lifts H1 2026 pre-tax profit 9.3% to ₦122.2 billion, proposes ₦10 interim dividend
AI Market Summary
Presco Plc reported H1 FY2026 unaudited results with PBT up 9.3% to ₦122.2bn, stable revenue, and a sharp 42.5% decline in liabilities, lifting liquidity (current ratio 345.6%). The proposed ₦10 interim dividend supports shareholder return expectations, while the AGM delay tied to ongoing legal appeals adds a governance overhang. Market impact is largely idiosyncratic to the issuer and local equities.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-0.53%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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Presco Plc reported unaudited results for the half-year ended 30 June 2026, with profit before tax rising 9.3% year on year to ₦122.2 billion. Total liabilities fell 42.5% and the current ratio stood at 345.6%, pointing to strong liquidity and balance-sheet strength. The board proposed an interim dividend of ₦10 per ordinary share, in a routine earnings update from the Nigerian-listed company.
