Halal, with purification
Presco passes the business-activity screen and the financial screens under the AAOIFI Standard. Because a share of its income is non-permissible, the matching portion of any dividend you receive should be given away.
NGX: PRESCO · Agriculture · Screened 1 Sept 2026 · H1 2026 accounts
Presco Plc, incorporated on 24 September 1991 and listed on the Nigerian Exchange, develops oil palm plantations and processes the crop through milling, palm kernel crushing and vegetable oil refining. Its products are crude palm oil, refined bleached and deodorised palm oil, palm olein, palm stearin, palm fatty acid distillate, crude and refined palm kernel oil, and palm kernel cake. The group holds the Obaretin Estate of 6,387 hectares and the Ologbo Estate of 13,545 hectares in Edo State, and the Cowan Estate of 2,800 hectares in Delta State, totalling 26,459 hectares of oil palm plantations of which 22,658 are mature. Processing assets include a 90 tonne per hour palm oil mill, a 500 tonne per day refinery, a 500 tonne per day fractionation plant and a 350 tonne per day palm kernel crushing plant. Group revenue rose 59% to N330.64 billion for the year ended 31 December 2025. The company has acquired full ownership of Ghana Oil Palm Development Company and acquired Saro Oil Palm Limited.
Single integrated agro-industrial chain covering plantations, milling, kernel crushing and refining. FY2025 group revenue N330.64 billion, up 59%, with profit for the year of N121.35 billion.
Yes, with purification. As of 1 September 2026, Presco (PRESCO) is halal to own under the AAOIFI Standard, provided you purify the non-permissible portion of any dividend you receive.
The dividend is permissible to receive once purified. Qistal publishes the purification rate for the current accounts period inside your compliance report, so you can work out the exact amount to give away.
Qistal re-screens every NGX ticker when new audited or interim accounts are filed. This page always shows the date of the most recent screen.
Yes. Compliance drifts as a company borrows, raises cash, or changes its business mix, so a verdict describes a moment rather than a permanent status.