Presco Plc has reported a 9.3 per cent rise in profit before tax (PBT) for the first half of 2026, even as revenue remained largely unchanged from the previous year.
According to the company’s unaudited financial results filed on the Nigerian Exchange (NGX) on Wednesday, July 29, 2026, PBT for the six months ended June 30, 2026, rose to N122.2 billion, up from N111.9 billion recorded in the corresponding period of 2025.
The company described revenue growth for the period as relatively flat, with no significant increase over H1 2025.
The improved bottom line was instead driven by a significant reduction in finance costs, reflecting lower interest expenses on debt, alongside improved finance income from higher returns on cash and investments.
A breakdown of the results showed that second-quarter PBT stood at N52.98 billion, down from an implied N69.24 billion in the first quarter of 2026.
However, the figure remained broadly flat compared to N53.25 billion recorded in the second quarter of 2025.
The results indicate that while topline growth remained subdued during the period, Presco’s cost management and improved finance income helped sustain profitability momentum into the first half of the year.
