Highlights
- Revenue dropped by 7% from N104.95 billion in Q2 2025 to N97.89 billion in Q2 2026
- Gross margin dropped from 78% in Q2 2025 to 76% in Q2 2026
- Net finance costs dropped from N7.48 billion in Q2 2025 to N1.86 billion in Q2 2026
- Profit after tax dropped from N41.14 billion to N33.02 billion.
Outlook
Presco’s earnings outlook is highly dependent on its recovery within its Ghanaian operation, sustainable CPO Prices and management’s ability to manage operating costs efficiently. While elevated palm oil prices remain supportive of revenue, the Ghanaian business could continue to face pressure if the cedi remains strong against the US dollar, as this could keep imported palm oil relatively competitive and limit the extent to which higher global prices translate into local selling prices.
However, the continued growth of the Nigerian business provides an important buffer against the weakness in Ghana. Presco’s ongoing expansion initiatives, supported by its integrated plantation and processing operations, should strengthen production capacity and support longer-term volume growth. WSTC Research expect Nigeria to remain the primary driver of the Group’s underlying earnings growth as the Company continues to scale its operations.
Please follow the link “Presco Plc Q2 2026 – Ghana Headwinds Weigh on Earnings Despite Stronger Balance Sheet” to view the whole report.
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