Nigeria’s biggest palm oil producers, Presco Plc and Okomu Oil Plc, had their best run in 2025, helped by higher Crude Palm Oil (CPO) prices, which rose to $1,007/metric tonnes (MT) from $923/MT; stronger domestic sales; and sustained volumes.
The combined net profit of Presco and Okomu Plc nearly doubled to N201.64 billion as revenue jumped 125 percent to N538.69 billion, signalling strong sales growth amid the global CPO rally.
Despite the strong performance, Presco witnessed a steep rise in finance cost, up 240.99 percent, driven by hi
