Shares of Presco Plc achieved a significant milestone, closing above N2,000 for the first time ever, ending trading on February 16, 2026, at N2,015.00 per share. This performance reflects robust buying momentum, propelling the stock’s month-to-date gain in February to 23.24%, a substantial increase from its opening price of N1,635.

Investor sentiment appears to be strongly influenced by the company’s FY2025 results, which indicate a pre-tax profit surge of 57.28% to N178.55 billion, compared to N113.53 billion in 2024. This impressive growth is underpinned by solid revenue gains.

So far in 2026, Presco has recorded a gain of 38.97% on the Nigerian Exchange, with trading volume exceeding 20 million shares. This upward trajectory builds on the momentum from 2025, during which the stock delivered a remarkable 207% return.

According to trading data from the Nigerian Exchange, Presco shares jumped 6.05% in the session ending February 16, 2026, surpassing the N2,000 mark. This gain represents the second-highest daily increase in February, trailing only the previous session’s surge of 6.74%, which was the strongest recorded this month.

Market participation has also seen a notable increase in February, with trading volume surpassing 15.3 million shares, more than tripling the 4.8 million shares recorded in January, bringing the total year-to-date volume to over 20 million shares.

The stock's sustained strong buying momentum on the NGX began in 2025, culminating in a 207.04% return, which significantly rewarded shareholders. These recent rallies are seemingly supported by positive fundamentals.

Revenue growth was largely driven by increased sales of crude and refined palm oil products, accounting for the bulk of the N331.18 billion recorded for the year. Of this amount, N245.3 billion was generated in Nigeria, representing 74% of the total sales volume of crude and refined products.

Administrative and distribution expenses saw a substantial rise due to expanded operations and inflationary pressures. Finance costs also jumped to N43.6 billion from N12.79 billion, driven by a higher debt burden. However, this was partially offset by finance income of N7.79 billion.

Total assets experienced significant growth, reaching N833.3 billion, following the acquisition and growth in biological assets. Net operating cash flow remained strong at N146.17 billion, supporting expansion and dividend payments.

Presco Nigeria Plc successfully executed a rights issue, raising N237.7 billion in premium. Additionally, the company finalized the acquisition of the remaining 48% stake in Ghana Oil Palm Development Company (GOPDC), bringing its ownership to 100%.

Presco Plc is an integrated palm oil company in Nigeria, involved in the production and marketing of crude and refined palm oil, as well as related agricultural products.