Presco PlcNSENG: PRESCO

Year end - financial statement for 2025

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PRESCO PLC

Unaudited interim Financial Statements

For the Period ended

31 DECEMBER 2025

Presco Plc

Obaretin Estate

Km 22 Benin / Sapele Road

PO Box 7061

Benin City, Edo State, Nigeria

Tel: +234 8034134444

E-mail: info.presco@siat-group.com

https://www.presco-plc.com

PREÉ"O PL"

To the ȧemt of oua knowledge, the aepoat doem not contaun:

(u)

Any untaue mtatement of mateaual effect, oa

(uu)

Omut to mtate a mateaual fact, whuch would make the mtatementm mumleadung un the lught of the cuacummtancem undea whuch much mtatementm weae made;

To the ȧemt of oua knowledge, the funancual mtatementm and othea funancual unfoamatuon uncluded un the aepoat faualy paement un all mateaual aempectm the funancual condutuon and aemultm of opeaatuonm of the "ompany am of, and foa the peauod paemented un the aepoat.

Yeaa En6e6 31 Decemȧea 2025 "eatufiucatuon Puasuant to Éectuon 88 (2) ofi Investment an6 Éecuautues Act 2025

Ÿe the undeamugned heaeȧy ceatufy the followung wuth aegaadm to oua funancual aepoatm foa the yeaa ended 31 Decemȧea,2025 that;

a)

Ÿe have aevuewed the aepoat;





ȧ)

c)

Ÿe:

(u)

Aae aemponmuȧle foa emtaȧlumhung and mauntaunung unteanal contaolm;

(uu)

Have demugned much unteanal contaolm to enmuae that mateaual unfoamatuon aelatung to the "ompany um made known to much offuceam ȧy otheam wuthun entutuem paatuculaaly duaung the peauod un whuch the

peauoduc aepoatm aae ȧeung paepaaed;

(uuu)

Have evaluated the effectuvenemm of the "ompany'm unteanal contaolm am of date wuthun G0 daym pauoa to

the aepoat;

(uv)

Have paemented un oua aepoat oua conclumuonm aȧout the effectuvenemm of the company'm unteanal

contaolm ȧamed on oua evaluatuon am of that lamt auduted funancual mtatementm;

d)

Ÿe aae not awaae of and have dumclomed am much to the Audut "ommuttee:

(u)

Sugnufucant defucuencuem un the demugn and opeaatuon of unteanal contaolm whuch would adveamely affect the "ompany'm aȧuluty to aecoad, paocemm, mummaauze and aepoat funancual data and have udentufued foa the company'm audut commuttee any mateaual weaknemm un unteanal contaolm; and

(uu)

Any faaud, whethea oa not mateaual, that unvolvem management oa othea employeem who have

mugnufucant aole un the company'm unteanal contaolm;

e)

Ÿe have udentufued un the aepoat whethea oa not theae weae mugnufucant changem un unteanal contaolm oa othea

factoam that could mugnufucantly affect unteanal contaolm muȧmequent to the date of oua evaluatuon, uncludung any coaaectuve actuonm wuth aegaad to mugnufucant defucuencuem and mateaual weaknemm.

Reju "eoage

Managung Duaectoa

FR"/2024/PRO/"IA/008/85313"

Petea Ikenweazu

Actg. "huef Funancual Offucea

FR"/2025/PRO/ANAN/001/G"C0GG

Paemco Plc

Unaudited Consolidated and Separate Statement of Profit or Loss and Other Comprehensive Income For The Year Ended 31 December 2025

"aoup

31 Dec 2025

31 Dec 2024

Oct-Dec 2025

Oct-Dec 2024

Notes

N"N Mulluon

N"N Mulluon

N"N Mulluon

N"N Mulluon

Revenue

3

331,18G

20",504

5C,C88

CG,588

"omt of malem

5

-102,G82

-C",5C2

-30,5"1

-2C,G""

"aoss paofiut

228,20"

13C,C42

2C,11"

42,C10

Admunumtaatuve e÷penmem

C

-53,"24

-3C,1C1

-13,213

-11,"00

Sellung and dumtauȧutuon e÷penmem

"

-4,023

-3,114

-G1G

-G85

Othea gaunm and lommem

8

-104

51

-83

-540

Othea opeaatung Income

G

C,805

3,G23

1,303

C,085

E÷change gaunm

4,32"

5,4CG

2,132

2,8CG

"aun on ȧuologucal ammet valuatuon

32,8GC

28,GGG

32,8GC

24,83"

E÷pected "aedut Lomm Allowance

-330

0

Lomm on Net monetaay amount

-12,C"4

315

Opeaatung paofiut ȧefioae fiunance cost an6 fiunance uncome

214,385

12C,10C

48,54C

C3,1""

Funance comt

10

-43,C20

-12,"G2

-13,C45

-4,315

Funance uncome

","G4

218

4,132

2,10C

Paofiut ȧefioae ta÷

1"8,55C

113,532

3C,03C

C0,CC8

Ta÷ e÷penme

12

-40,443

-35,430

-11,5"C

-8,454

Paofiut fioa the peauo6

138,11C

"8,102

2",45C

52,514

Paofut foa the yeaa attauȧutaȧle to:

Non-"ontaolung Inteaemt

Owneam of the paaent

Paofut foa the peauod

138,11C

138,11C

1,"24

"C,0CC

2",45C

52,514

"","C3

2",45C

52,514

Othea "ompaehenmuve Income (O"I)

-

0

-

-

Item(m) that wull not ȧe aeclammufued muȧmequently to

paofut oa lomm

-

0

-

-

Remeamuaement of defuned ȧenefut oȧlugatuon

-

425

-

-

Actuaaual lomm/(gaun) on long meavuce awaad

-

0

-

-

Foaeugn E÷change Taanmlatuon Remeave

13,045

-11C

-

-

Othea compaehensuve uncome, net ofi ta÷

151,1C1

"8,102

2",45C

52,514

Total compaehensuve uncome fioa the yeaa 151,1C1

"8,102

2",45C

52,514

Eaanung pea Éhaae (N"N) weughte6 aveaage 134.38

"4.01

2".4C

52.51

Paemco Plc

Unaudited Consolidated and Separate Statement of Profit or Loss and Other Comprehensive Income For The Year Ended 31 December 2025

"ompany

31 Dec 2025

31 Dec 2024

Oct-Dec 2025

Oct-Dec 2024

Notes

N"N Mulluon

N"N Mulluon

N"N Mulluon

N"N Mulluon

Revenue

3

208,"GG

153,22C

43,514

4G,02C

"omt of malem

5

-"3,253

-4G,G84

-23,G"8

-18,"3G

"aoss paofiut

135,54C

103,242

1C,53C

30,28C

Admunumtaatuve e÷penmem

C

-25,2G"

-22,340

Sellung and dumtauȧutuon e÷penmem

"

-3,03C

-2,1CG

Othea gaunm and lommem

8

-4"

20

Othea opeaatung Income

G

C,045

3,881

E÷change gaunm

3,G3C

",345

"aun on ȧuologucal ammet valuatuon

18,30C

15,302

E÷pected "aedut Lomm Allowance

-CG

-5,1G4

-C,G88

-"33

-"04

-83

"

1,C58

15

2,C32

3,108

18,30C

15,302

0

135,453

105,212

3C,122

41,02C

Opeaatung paofiut ȧefioae fiunance cost an6 fiunance uncome

Funance comt

10

-42,C"G

-10,C"C

-13,52C

-3,CG1

Funance uncome

18,5G4

GC8

2,800

2,104

Paofiut ȧefioae ta÷

111,3C8

C5,504

25,3CC

3C,438

Ta÷ e÷penme

12

-2C,CC"

-32,045

-2,108

-",05C

Paofiut fioa the peauo6

84,C"1

C3,45C

23,28"

32,382

Paofut foa the yeaa attauȧutaȧle to:

Non-"ontaolung Inteaemt

Owneas ofi the paaent

84,C"1

C3,45C

23,28"

32,382

Paofiut fioa the peauo6

84,C"1

C3,45C

23,28"

32,382

Othea "ompaehenmuve Income (O"I)

-

0

-

-

Item(m) that wull not ȧe aeclammufued muȧmequently to paofut oa lomm

-

-

-

Remeamuaement of defuned ȧenefut oȧlugatuon

-

382

-

-

Actuaaual lomm/(gaun) on long meavuce awaad

-

-

-

-

Income ta÷ aelatung to componentm of O"I (-)

-

-12C

-

-

Othea compaehensuve uncome, net ofi ta÷

84,C"1

C3,"15

23,28"

32,382

Total compaehensuve uncome fioa the yeaa 84,C"1

C3,"15

23,28"

32,382

Eaanung pea Éhaae (N"N) 82.14

C3.2"

23.2C

32.38

Paesco Plc

Ünau6ute6 "onsolu6ate6 an6 Éepaaate Étatement ofi Funancual Posutuon as at 31 Decemȧea 2025

"aoup

"ompany

31 Dec 2025

31 Dec 2024

31 Dec 2025

31 Dec 2024

Notem

N"N Mulluon

N"N Mulluon

N"N Mulluon

N"N Mulluon

AÉÉETÉ

"oodwull

15.1

2C,"14

2C,"14

0

-

Intanguȧle ammetm

C2

G3

10

11

Paopeaty, plant and equupment

14

314,448

2"3,"35

114,200

84,0G3

Rught of Ãœme Ammetm

C,4"4

3,801

1,C81

1,C81

Invemtment un Suȧmuduaauem

15

0

-

218,082

125,G8"

Total Non-"uaaent Assets

34",CC8

304,343

333,C"2

211,""2

"uuaent Assets

Inventoauem

1C

45,"11

30,"4"

18,G04

10,"G1

Buologucal ammetm

1G

GG,005

"0,505

54,483

3C,1"C

Taade and othea aeceuvaȧlem

1"

C1,2G5

38,0G8

50,4G"

4C,14"

"amh and Bank Balance

18

2"G,C8C

31,403

23",5"G

25,354

Total "uaaent Assets

485,CC"

1"0,"53

3C1,4C3

118,4CC

Total Assets

833,3C5

4"5,0CC

CC5,435

330,241

Equuty

Shaae caputal

20

583

500

583

500

Shaae Paemuum

20

235,8G5

1,1"4

235,8G5

1,1"4

Othea Remeave

-15,"08

-1,358

-352

-352

Foaeugn E÷change Taanmlatuon Remeave

13,045

C,3G4

0

Retauned Eaanungm

1G2,845

12C,"2G

12C,0C8

113,3G8

Equuty Attauȧutaȧle to Owneas

42C,CC0

133,43C

3C2,1C4

114,"1C

Non "ontaollung Inteaemt

"","4C

0

Total Equuty

42C,CC0

211,185

3C2,1G4

114,"1G

Non-"uaaent Luaȧulutues

Boaaowungm

22

14C,05G

4C,544

132,C1"

3C,353

Defeaaed Benefut Oȧlugatuonm

5,001

3,85"

541

1,108

Defeaaed Ta÷ luaȧuluty

8,185

34,C18

23,C13

20,C13

Defeaed Income

31,455

34"

34"

34"

Leame luaȧuluty

4,CG5

3,CG8

2G0

2G0

Total Non-"uaaent Luaȧulutues

1C5,3C5

8C,0C4

15",408

58,"11

"uaaent Luaȧulutues

Taade and othea payaȧlem

23

158,1G4

135,"2"

133,242

120,G4G

"uaaent ta÷ luaȧulutuem

33,"45

25,8C4

23,4""

25,30"

Bank oveadaaft

0

2,G18

0

2,"0G

Boaaowungm

22

18,043

8,G02

1","G0

C,522

Defeaaed Income

1,282

1,2"0

1,2"0

1,2"0

Leame luaȧuluty

"5

1CC

55

55

Total "uaaent Luaȧulutues

211,33C

1"4,84"

1"5,833

15C,811

Total Luaȧulutues

40C,"35

2C3,C12

333,241

215,522

Total Equuty & Luaȧulutues

833,3C5

4"5,0CC

CC5,435

330,242

PREÉ"O PL"

ÜNAÜDITED "ONÉOLIDATED AND ÉEPARATE ÉTATEMENT OF "HAN"EÉ IN EQÜITY

FOR THE YEAR ENDED 31 DE"EMBER 2025

"aoup

Éhaae "aputal

Éhaae Paemuum

Retaune6 Eaanungs

Othea Reseaves

E÷change Dufifieaence Reseaves

Non contaollung unteaest

Total Equuty

N"N Mulluon

N"N Mulluon

N"N Mulluon

N"N Mulluon

N"N Mulluon

N"N Mulluon

N"N Mulluon

Balance at 1 Ä’anuaay, 2025

500

1,1"4

12C,"2G

-1,358

C,3G4

"","45

133,43G

Foaeugn e÷change taanmlatuon duffeaence

0

Puachame conmudeaatuonAcquumutuon of 48 peacent unteaemt un "OPD" Paofut foa the yeaa

A66utuonal

83

234,"22

138,11C

C,C51

-C2,0C5

0

138,11C

241,45C

Net aemeamuaement gaun on defuned ȧenefut plan

0

0

Total "ompaehensuve Income

83

234,"22

138,11C

0

C,C51

-C2,0C5

3"C,5"2

Othea aemeavem faom conmoludatuon

0

Acquumutuon of 48% "OPD"

-14,350

14,350

-14,350

Duvudend Declaaed

-"2,000

-"2,000

Balance at 31 Decemȧea, 2025

583

235,8C5

1C2,845

-15,"08

13,045

0

42C,CC1

Balance at 1 Ä’anuaay 2024

500

1,1"4

"3,250

-1,012 "3,C12

Foaeugn e÷change taanmlatuon aemeavem

C,3G4

Paofut foa the yeaa

"C,0CG

"C,0CC

-34C

Net aemeamuaement lomm on defuned ȧenefut plan

1,"10

-24,300

Duvudend paud 0

0

Total "ompaehensuve Income

0

0

"C,0CC

-34C

0 "5,"23

Non contaollung unteaemt

"","45

"","45

1,"10

0 -24,300

0

Balance at 31 Decemȧea, 2024

500

1,1"4

204,4"4

-1,358

C,3C4 211,184

"ompany

Éhaae "aputal

Éhaae Paemuum

Retaune6

Eaanungs

Othea Reseaves

Total

N"N Mulluon

N"N Mulluon

N"N Mulluon

N"N Mulluon

N"N Mulluon

Balance at 1 Ä’anuaay, 2025

500

1,1"4

113,3C"

-352

114,"18

0

Paofut foa the yeaa

84,C"1

84,C"1

A66utuonal

83

234,"22

234,805

Net aemeamuaement gaun on defuned ȧenefut plan

0

Total "ompaehensuve Income

83

234,"22

84,C"1

0

31C,4"C

Statum ȧaa duvudend

Duvudend paud

0

-"2,000

-"2,000

Balance at 31 Decemȧea, 2025

583

235,8C5

12C,0C8

-352

3C2,1C4

Balance at 1 Ä’anuaay 2024

500

1,1"4

"4,238

-C08

"5,304

Paofut foa the yeaa

C3,45G

25C

0

C3,"14

0

Net aemeamuaement lomm on defuned ȧenefut plan

0

Total "ompaehensuve Income

0

0

C3,45C

25C

C3,"14

Duvudend paud -24,300 -24,300

Balance at 31 Decemȧea, 2024

500

1,1"4

113,3C"

-352

114,"18

The accompanyung notem foam an untegaal paat of theme funancual mtatementm.

PRESCO PLC

UNAUDITED CONSOLIDATED AND SEPARATE STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 DECEMBER 2025

Group

Company

31-Dec-25

31-Dec-24

31-Dec-25

31-Dec-24

NGN Million

NGN Million

NGN Million

NGN Million

Cash flows from operating activities

Profit before tax

178,559

113,223

111,368

95,504

Adjustments for:

- Gain on sales of Property, Plant and equiptment

104

113

47

145

- Gain on biological asset valuation

-32,896

-28,999

-18,306

-15,302

- Depreciation of property plant and equipment

11,187

8,879

4,110

3,541

- Depreciation of Right-of-use assets

183

87

- Amortization of intangible assets

31

34

2

2

- Recognition of government grant on additional loan

115

-164

58

-164

- Exchange gain

-4,327

-3,936

- Service Cost

320

184

- Unrealised Foreign gain

-5,469

-7,345

- Settlement(gain) on long service award

-30

-16

- PPE Transfer to Inventory/Write off less depreciation

-4,515

1,616

- Effect of Inflation adjustments

-5,218

Loss on Net monetary amount

12,674

Expected Credit Loss/Writeback

330

69

- Finance cost

43,620

12,792

42,679

10,676

- Finance income

-7,794

-218

-18,594

-968

188,598

103,934

117,427

88,027

Movement in working capital:

- Increase in trade and other receivable

-23,197

-17,027

-4,350

-18,082

- Increase in inventories

-14,964

4,676

-8,113

746

- Increase in trade and other payable

22,467

10,917

12,293

11,770

- Increase in Defered Income

31,119

0

- Increase in defered income from advance from customer

558

558

- (Increase)/decrease in employee benefit

1,144

-567

Cash generated from operating activities

205,167

103,058

116,691

83,019

-Benefits paid

-1,141

-753

-Tax paid

-58,994

-12,237

-25,498

-10,596

Net cash generated from operating activities

146,173

89,680

91,193

71,669

Cash flows from investing activities

Acquisition of Property, plant and equipment

-40,713

-33,299

-30,107

-26,281

Investment in subsidiaries

-92,095

-92,095

Proceeds from sale of property, plant and equipment

69

-37

Interest received

7,794

218

18,594

454

Acquisition of Subsidiary- Net cash aquired

9,191

Net cash used in investing activities

-125,014

-23,820

-103,608

-25,790

Cash flows from financing activities

Interest paid

-43,620

-7,607

-42,679

-5,753

Net Loan received during the year

109,953

3,477

107,223

241

Loan Repayment

-8,724

-2,013

Movement in share capital

234,805

234,805

Dividends paid

-72,000

-24,300

-72,000

-24,300

Dividend Paid by GOPDC To NCI

-7,305

Interest on Lease Paid

-295

4

Net movement on lease liabilities

906

-602

0

-55

Net cash used in financing activities

230,044

-45,356

227,349

-31,883

NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENT

251,203

20,504

214,934

13,997

Exchange Loss / gain

5,469

5,090

CASH AND CASH EQUIVALENT AT BEGINNING OF YEAR

28,484

2,510

22,646

3,559

CASH AND CASH EQUIVALENT AT END OF THE PERIOD

279,687

28,483

237,580

22,646

Notes to the Au6ute6 consolu6ate6 an6 sepaaate fiunancual statements

fioa the yeaa en6e6 31 Decemȧea 2025

1. "eneaal "oapoaate Infioamatuon

Paemco Plc wam uncoapoaated un Nugeaua on 24th Septemȧea, 1GG1 am Paemco Indumtauem Lumuted, a pauvate lumuted luaȧuluty company undea the "ompanuem and Allued Matteam Act, and ȧecame a puȧluc lumuted luaȧuluty "ompany un Feȧauaay, 2002. Paemco Plc'm mhaaem aae actuvely taaded on The Nugeauan Stock E÷change wuth the Suat "aoup holdung C1.2% whule the Nugeaua Puȧluc holdm 38.8%.

Paemco um a fully untegaated agao-undumtaual emtaȧlumhment wuth oul palm plantatuonm, palm oul mull, palm keanel caumhung plant and vegetaȧle oul aefunung plant. Paemently, the only one of much un Nugeaua.

Paemco mpecualuzem un the cultuvatuon of oul palm and un the e÷taactuon, aefunung and faactuonatuon of caude palm oul unto funumhed paoductm. Paemco muppluem mpecualty fatm and oulm of outmtandung qualuty to cumtomeam' mpecufucatuon and ammuaem a aeluaȧuluty of mupply of utm paoductm

all yeaa aound. Thum um made pommuȧle ȧy the untegaated natuae of the company'm paoductuon paocemm.

The company opeaatem faom eught emtatem (C un Nugeaua and two un "hana): Oȧaaetun Emtate, Ologȧo Emtate and ATO Emtate un Edo State, "owan Emtate un Delta State, Üȧuma & Elele un Ruveam State, Kwae and Okumanung emtatem un "hana.

The addaemm of the "ompany'm aegumteaed offuce um Oȧaaetun Emtate, Km 22 Benun-Sapele Road, Ikpoȧa-Okha LGA, Benun "uty, Edo State.

2. Éugnufiucant accountung polucues

The "aoup funancual mtatementm foa the peauod ended 31 Decmȧea 2025 have ȧeen paepaaed un accoadance wuth Inteanatuonal Funancual Repoatung Standaadm ("IFRS") and unteapaetatuonm ummued ȧy the IFRS Inteapaetatuon "ommuttee (IFRI") applucaȧle to companuem aepoatung undea IFRS and the aequuaementm of the "ompanuem and Allued Matteam Act "AP ".20 Lawm of the Fedeaatuon of Nugeaua, 2004 and the Funancual Repoatung "ouncul of Nugeaua Act, 2011.

Paemco Plc "aoup ham conmumtently applued the mame accountung polucuem and methodm of computatuon un utm unteaum condenmed conmoludated and mepaaate funancual mtatementm am un utm annual funancual mtatementm. Theae weae no new mtandaadm, unteapaetatuonm and amendmentm, effectuve foa the fuamt tume faom 1mt Tanuaay 2025 whuch had a mateaual effect on theme funancual mtatementm.

2.1 Basus ofi paepaaatuon

u) "ompluance wuth IFRÉ

The unteaum condenmed conmoludated and mepaaate funancual mtatementm have ȧeen paepaaed un accoadance wuth IAS 34 Inteaum Funancual Repoatung and undea the humtoaucal comt conventuon, e÷cept foa the aevaluatuon of ȧuologucal ammetm. They do not unclude all dumclomuaem that would otheawume ȧe aequuaed un a complete met of funancual mtatementm and mhould ȧe aead un conjunctuon wuth the 2024 annual aepoat. The

funancual mtatementm weae paepaaed on a goung concean ȧamum.

uu). Basus ofi consolu6atuon

The "aoup condenmed funancual mtatementm uncoapoaatem the funancual mtatementm of the "ompany and utm muȧmuduaauem made up to 31 Decemȧea 2025. "ontaol um achueved wheae the unvemtoa; (u) ham powea ovea the unvemtee entuty (uu) um e÷pomed, oa ham aughtm, to vaauaȧle aetuanm faom the unvemtee entuty am a aemult of utm unvolvement, and (uuu) can e÷eacume mome powea ovea the unvemtee to affect utm aetuanm.

uu). Basus ofi measuaement

The funancual mtatementm have ȧeen paepaaed un accoadance wuth the goung concean ammumptuonm undea the humtoaucal comt conceptm e÷cept foa the aevaluatuon of ȧuologucal ammetm.

The humtoaucal funancual unfoamatuon um paemented un Nauaa and all valuem aae aounded to the neaaemt thoumand (N'Mulluonm), e÷cept wheae otheawume unducated. The accountung polucuem aae applucaȧle to ȧoth the "ompany and "aoup.

PREÉ"O PL"

Notes to the Ãœnau6ute6 consolu6ate6 an6 sepaaate fiunancual statements

fioa the yeaa en6e6 31 Decemȧea 2025

3

Revenue

Dusaggaegatuon ofi aevenue

"aoup

"ompany

Twelve Month En6e6 31 Decemȧea

Twelve Month En6e6 31 Decemȧea

2025

2024

2025

2024

N"N Mulluon

N"N Mulluon

N"N Mulluon

N"N Mulluon

Revenue fiaom contaact wuth customeas

-Salem of caude and aefuned paoductm

330,G3G

20",4G2

208,54G

152,4C"

-Mull ȧy-paoductm

250

12

244

12

-Salem of Faemh Fauut Bunchem (FFB)

"4"

"eogaaphucal maaket

-Nugeaua (place of domucule)

-"hana

-Aumtaua

-"eamany

Tumung ofi aevenue aecognutuon

-At a pount un tume

331,18C

20",504

208,"C3

153,22C

245,331

1"",030

203,4"C

153,8C1

80,00"

30,4"4

53"

53"

5,314

4,""C

331,18C

20",504

208,"C3

153,8C1

331,18G

20",504

208,"G3

153,8C1

331,18C

20",504

208,"C3

153,8C1

4

Éeasonaluty ofi opeaatuons

The "ompany ȧuult up utm unventoay to meet wuth e÷pected demand latea un the yeaa.

5

"ost ofi Éales

"aoup

"ompany

Twelve Month En6e6 31 Decemȧea

Twelve Month En6e6 31 Decemȧea

2025

2024

2025

2024

N"N Mulluon

N"N Mulluon

N"N Mulluon

N"N Mulluon

Raw mateaualm conmumed

15,245

"04

22,C14

13,430

Paoductuon "omt

"C,04C

58,05G

44,3"0

32,"GG

Depaecuatuon of paopeaty, plant and equupment

8,GG0

",83C

4,108

2,GG3

Repauam and mauntenance

2,"01

GC3

2,1C1

"C2

102,C82

C",5C1

"3,253

4C,C84

Changed Structure: Reorganizing how expenses are categorized to better reflect the business,

C

A6munustaatuve e÷penses

"aoup

"ompany

Twelve Month En6e6 31 Decemȧea

Twelve Month En6e6 31 Decemȧea

2025

2024

2025

2024

N"N Mulluon

N"N Mulluon

N"N Mulluon

N"N Mulluon

"leaaung and handlung

1,13G

1,50"

"34

1,1C8

Offuce and houmung e÷penmem

C22

1,113

34G

330

Rent and aate

258

153

143

"4

Repauam and mauntenance (admun)

888

1,443

5GG

1,2GG

"aatuuty e÷penme

320

184

Pomtage and telephone

G"C

342

101

110

Inmuaance

2,805

1,214

1,255

858

Paofemmuonal, Legal and othea conmultancy feem

3,241

1,G51

1,04G

1,44C

Audut

43"

234

185

121

Suȧmcauptuon, lucenmem ,aegumtaatuon and Donatuon

243

C33

1CC

333

Taanmpoatatuon of woakeam and taavellung

",48"

",555

5,"82

5,GC3

Management Feem

C,118

3,82G

3,GC3

2,C43

Secuauty

1,C2C

1,0"2

8""

5""

"ommunuty development

8G2

281

8G2

281

Meetung, Enteataunment and "oapoaate Socual Remponmuȧul

234

241

1GG

153

Depaecuatuon

2,1G"

1,22"

2

C35

Duaectoa aenumeaatuon

C53

202

4"8

153

Staff comtm

22,0G0

G,C3"

",G28

4,580

Amoatuzatuon of Intanguȧle ammet

G

34

2

Bank "haagem

548

1,1"4

3G0

1,051

Paovumuon foa othea chaagem and luaȧulutuem

103

20"

0

20"

Othea e÷penmem/(uncome)

1,158

1,"G1

205

1"1

53,"24

3C,1C0

25,2C"

22,340

Changed Structure: Reorganizing how expenses are categorized to better reflect the business,

7

PREÉ"O PL"

Notes to the Ãœnau6ute6 consolu6ate6 an6 sepaaate fiunancual statements

fioa the yeaa en6e6 31 Decemȧea 2025

"aoup

"ompany

Twelve Month En6e6 31 Decemȧea

Twelve Month En6e6 31 Decemȧea

2025

2024

2025

2024

N"N Mulluon

N"N Mulluon

N"N Mulluon

N"N Mulluon

" Éellung an6 6ustauȧutuon e÷penses

Funumhed paoductm (Road taanmpoat) 3,102

2,C23

2,348

2,08G

Sellung e÷penmem "G4

4G1

53

80

E÷poat Logumtucm E÷penmem 12"

C35

4,023

3,114

3,03C

2,1CC

8 Othea gauns/(loss)

"oveanment gaantm

1C4

1C4

"aun on dumpomal of Fu÷ed Ammetm 104

-113

4"

-145

104

51

4"

20

C

Othea opeaatung uncome/(losses)

Luvemtock malem

32

C8

24

C2

Mumcellaneoum Opeaatung Income

1,103

2,G41

"5G

1,1G5

Recoveay Faom Taanmpoateam

5,2C2

8C3

5,2C2

8C3

Scaap malem

40"

51

0

51

C,805

3,C23

C,045

3,881

10

Funance cost

Inteaemt on loan and oveadaaft

43,5CC

12,"C2

42,C2C

10,C"C

11

Funance Income

Inteaemt on Fu÷ed Depomut

",00"

218

18,5C4

CC8

12

Ãœnusual utems

Theae weae no unumual utemm am at the end of Decemȧea 2025 (Decemȧea 2024: Nul)

13

Income ta÷

"aoup

"ompany

Twelve Month En6e6 31

Decemȧea

Twelve Month En6e6 31

Decemȧea

2025

2024

2025

2024

N"N Mulluon

N"N Mulluon

N"N Mulluon

N"N Mulluon

"uaaent Income ta÷

33,CGC

24,5C1

21,5""

22,G0C

Educatuon ta÷

3,"4"

3,004

2,120

2,55C

3",443

2",5C5

23,CC"

25,4C2

Defeaaed ta÷

3,000

",8C5

3,000

C,583

40,443

35,430

2C,CC"

32,045

PREÉ"O PL"

Notes to the Ãœnau6ute6 consolu6ate6 an6 sepaaate fiunancual statements

fioa the yeaa en6e6 31 Decemȧea 2025

13

EARNIN" PER ÉHARE

Bamuc eaanungm pea mhaae um deauved ȧy duvudung paofut oa lomm attauȧutaȧle to the oadunaay equuty holdeam ȧy weughted aveaage numȧea of oadunaay mhaaem outmtandung duaung the peauod.

"aoup

"ompany

Twelve Month En6e6 31 Decemȧea

Twelve Month En6e6 31 Decemȧea

2025

2024

2025

2024

N"N Mulluon

N"N Mulluon

N"N Mulluon

N"N Mulluon

Net paofut attauȧutaȧle to equuty holdeam of the "ompany 138,11C

Effect of dulutuve potentual oadunaay mhaaem:

"","G3

84,C"1

C3,45G

138,11C

"","C3

84,C"1

C3,45C

Ÿeughted aveaage numȧea of mhaaem (000)

1,028

1,000

1,028

1,000

Adjumted Ÿeughted aveaage numȧea of mhaaem (000)

1,031

1,003

1,031

1,003

Bamuc Eaanungm pea mhaae (Nauaa)

134.38

""."G

82.38

C3.4C

Adjumted eaanungm pea mhaae (Nauaa)

133.GG

"".5C

82.14

C3.2"

14

PROPERTIEÉ PLANT AND EQÜIPMENT

(a)

Duaung the Twelve monthm ended 31 Decemȧea 2025, the "aoup acquuaed paopeaty, plant and equupment at a

comt of N"N 40."13 ȧulluon whule that of the company wam N"N 30.10" ȧulluon

(a)

Impauament of Ammetm

Ÿuthun the peauod undea aevuew, none wam umpauaed and theae weae no aeveamalm of paevuoum umpauament chaagem un the

cuaaent peauod.

15

INVEÉTMENT IN ÉÜBÉIDIARIEÉ

Heaeundea, aae the entutuem contaolled ȧy Paemco Plc, the "aoup.

Name of "ompany

Place ofi uncoapoaatuon

% unteaest

"aaayung amount

31-Dec-25

31-Dec-24

N"N Mulluon

N"N Mulluon

Suat Nugeaua Lumuted

Nugeaua

100

23,000

23,000

"hana Oul Palm Development "ompany ("OPD") Lumuted

"hana

100

1G5,082

102,G8"

Followung the addutuonal acquumutuon of 48% equuty un "OPD", the muȧmuduaay um now owned 100% ȧy Paemco Plc faom Tanuaay 2025

15.1

"oo6wull fiaom the acquusutuon ofi 48% unteaest un "OPD"

31-Dec-25

31-Dec-24

N"N Mulluon

N"N Mulluon

Net ammet acquuaed

83,G"0

Puachame conmudeaatuon

102,G8"

"oodwull

1C,01"

15.1

Movement un "oo6wull

Balance am at Tanuaay 2025

2C,"14

2C,"14

Addutuon duaung the peauod

-

Balance as at 31 Decemȧea 2025

2C,"14

2C,"14

1C

INVENTORIEÉ

"aoup

"ompany

31-Dec-25

31-Dec-24

31-Dec-25

31-Dec-24

N"N Mulluon

N"N Mulluon

N"N Mulluon

N"N Mulluon

N'000

N'000

N'000

N'000

Suppluem (Spaaem)

20,"54

12,G5C

G,311

G,001

Funumhed "oodm

14,055

1C,414

1,284

1,102

"oodm un taanmut

11,C01

2,141

8,30G

1,230

Allowance foa oȧmolete mtoae

-CGG

-"C5

0

-541

45,"11

30,"4"

18,C04

10,"C1

45,"11

30,"4"

18,C04

10,"C1

1"

TRADE AND OTHER RE"EIVABLEÉ

Am of the end of aepoatung peauod, the analymum of the taade deȧtoam and ȧullm aeceuvaȧlem

(whuch aae uncluded un taade and othea aeceuvaȧlem) ȧamed on unvouce date um am followm:

"aoup

"ompany

31-Dec-25

31-Dec-24

31-Dec-25

31-Dec-24

N"N Mulluon

N"N Mulluon

N"N Mulluon

N"N Mulluon

N'000

N'000

N'000

N'000

Taade aeceuvaȧlem 8,352

5,C22

C,13G

1,"14

Othea aeceuvaȧles

Related paaty

Othea deȧtoam

Funancual assets measuae6 at amoatuse6 cost

8,352

5,C22

C,13C

1,"14

31,430

1C,808

24,"54

33,"38

21,513

15,CC"

1G,C04

10,CG5

C1,2C5

38,0C8

50,4C"

4C,14"

The aveaage caedut peauod gaanted to cumtomeam um 15 daym.

PREÉ"O PL"

Notes to the Ãœnau6ute6 consolu6ate6 an6 sepaaate fiunancual statements

fioa the yeaa en6e6 31 Decemȧea 2025

18

"AÉH AND "AÉH EQÜIVALENTÉ

"aoup

"ompany

31-Dec-25

31-Dec-24

31-Dec-25

31-Dec-24

N"N Mulluon

N"N Mulluon

N"N Mulluon

N"N Mulluon

"amh and camh equuvalentm un the Statement of Funancual Pomutuon

2"G,C8C

31,403

23",5"G

25,354

Bank ovea6aafits

-2,G18

-2,"0G

"amh and camh equuvalent un the mtatement of camh flowm

2"C,C8C

28,484

23",5"C

22,C4C

1C

BIOLO"I"AL AÉÉETÉ: A"RI" PRODÜ"E

At faua value

"0,505

2C,585

3C,1"C

20,8"5

"hanges un fiaua value less cost to sell

28,4GG

43,G20

2C,G45

15,302

CC,005

"0,505

C3,121

3C,1"C

Analyse6 unto

Non "uaaent

"uaaent

GG,005

"0,505

C3,121

3C,1"C

CC,005

"0,505

C3,121

3C,1"C

20

"APITAL, REÉERVEÉ AND DIVIDENDÉ

Shaae "aputal

Authoaumed mhaae caputal

583

500.

583

500.

Issue6 an6 fiully pau6 up caputal

583

500.

583

500.

Éhaae Paemuum

Shaae Paemuum

235,8G5

1,1"4.

235,8G5

1,1"4.

Duaung the yeaa, the "ompany ummued 1CC,CCC,CC" oadunaay mhaaem ȧy way of a 1-foa-C aughtm ummue at E1,420 pea mhaae.

The ummue aemulted un an uncaeame un mhaae caputal of E83 ȧulluon and mhaae paemuum of E23"." ȧulluon

PREÉ"O PL"

Notes to the Ãœnau6ute6 consolu6ate6 an6 sepaaate fiunancual statements

fioa the yeaa en6e6 31 Decemȧea 2025

21

EMPLOYEE BENEFITÉ

The employeem of the "ompany aae memȧeam of the penmuon mcheme un lune wuth the Penmuon Act 2024. The company "ontauȧutem:

  1. 18% foa plantatuon woakeam

  2. 10% foa offuce woakeam whule employeem contauȧute 8%.

The "ompany almo aecognumem paovumuon foa pomt-employment ȧenefutm foa all utm peamanent employeem un accoadance wuth the Statute. The paovumuon um ȧamed on an actuaaual valuatuon ȧy an undependent actuaay umung 'Paojected Ünut "aedut Method'.

22

LOANÉ AND BORROWIN"É

"aoup

"ompany

31-Dec-25

31-Dec-24

31-Dec-25

31-Dec-24

N"N Mulluon

N"N Mulluon

N"N Mulluon

N"N Mulluon

Éhoat team ȧoaaowungs

18,043

8,G02

1","G0

C,522

Long team ȧoaaowungs

14C,05G

4C,544

132,C1"

3C,353

1C4,103

55,44C

150,40C

42,8"5

23

TRADE PAYABLEÉ

(a)

TRADE AND OTHER PAYABLEÉ

Am of the end of aepoatung peauod, the ageung analymum of the taade caedutoam and ȧullm payaȧlem

(whuch aae uncluded un taade and othea payaȧlem) ȧamed on unvouce date um am followm:

"aoup

"ompany

31-Dec-25

31-Dec-24

31-Dec-25

31-Dec-24

N"N Mulluon

N"N Mulluon

N"N Mulluon

N"N Mulluon

Taade payaȧlem 44C

3,244

2,145

2,1"5

Othea payaȧles

44C

3,244

2,145

2,1"5

Related paaty

140,885

121,C40

124,28G

114,GG8

Othea caedutoam

1C,80G

10,844

C,"54

3,""C

Funancual assets measuae6 at amoatuse6 cost

158,1C4

135,"2"

133,242

120,C4C

The aveaage caedut peauod on puachamem um 30 daym.

25.2

Éhaaehol6ung Étauctuae/Faee Float Étatus

PREÉ"O PL"

Notes to the Ãœnau6ute6 consolu6ate6 an6 sepaaate fiunancual statements

fioa the yeaa en6e6 31 Decemȧea 2025

25.1

FREE FLOAT "OMPÃœTATION

Boaad Lumted: Maun Boaad

Yeaa End: Decemȧea

Repoatung Peauod: Peauod ended Decemȧea 2025

Shaae pauce at end of aepoatung peauod: N1,450 (Decemȧea 2024: N 4"5.00)

Descauptuon

31-Dec-25

31-Dec-24

Ãœnut

Peacentage

Ãœnut

Peacentage

Immued Shaae "aputal

1,1CC,CCC,CC"

100%

1,000,000,000

100%

Éuȧstantual Éhaaehol6ungs (5% an6 aȧove)

Namem of Shaaeholdeam

SIAT

"14,05C,881

C1.20%

C00,000,000

C0%

20450 ZP"/SIPML RSA Fund Iu-Maun A/"

5G,""3,025

5.12%

51,234,022

5.12%

Total muȧmtantual mhaaeholdungm

""3,82C,C0C

CC.33%

C51,234,022

C5.12%

Duaectoas' Éhaaehol6ungs (6uaect an6 un6uaect), e÷clu6ung 6uaectoas' hol6ung suȧstantual unteaests

Name(m) of Duaectoam

Ãœnut

Peacentage

Ãœnut

Peacentage

Ma. Ramheed Saaumu

-

-

-

-

Ma. Felu÷ O. Nwaȧuko F"A

415,840

0.035C4%

3C1,"00

0.03C1"%

Amȧ. Nonye Üdo

-

-

-

-

Mam. Ingaud Ÿandewuele (Belguan)

-

-

-

-

Ma. Aȧdul Bello

105,000

0.00G00%

G0,000

0.00G00%

Ma. Reju "eoage

-

-

-

-

Mam. Iquo Ãœkoh

-

-

-

-

Mam. Omayu Alule

-

-

-

-

Ma. Ademola Adeȧume

-

-

-

-

Ma. Tan Ÿan Eykeaen (Dutch)

-

-

-

-

Total Duaectoam' Shaaeholdungm

520,840

0.044C4%

451,"00

0.0451"%

Othea unfiluentual shaaehol6ungs

Total Othea unfluentual mhaaeholdungm

-

-

-

-

Faee Float un Ãœnuts an6 Peacentage

3G2,315,G21

33.C3%

348,314,2"8

34.83%

Faee Float un Value (N"N)

5C8,858,085,450

1C5,44C,282,050

Declaaatuon:

Paemco Plc wuth a faee float peacentage of 33.C3% am at Decemȧea 31, 2025 um compluant wuth The E÷change'm faee float aequuaementm

foa companuem lumted on the Maun Boaad.

Paemco Plc wuth a faee float value of value of N 5C8,858,085,450 am at Decemȧea 31, 2025 um compluant wuth The E÷change'm faee float

aequuaementm foa companuem lumted on the Maun Boaad.

A)

B)

Éecuautues Taa6ung Polucy

In compluance wuth Rule1".15 Dumclomuae of Dealungm un Immueam' Shaaem, Ruleȧook of the E÷change 2015 (Immueam Rule) Paemco Plc

mauntaunm a Secuauty Taadung Polucy whuch guudem Duaectoam, Audut "ommuttee memȧeam, employeem and all unduvudualm categoauzed

am unmudeam am to theua dealungm un the "ompany'm mhaaem. The Polucy undeagoem peauoduc aevuewm ȧy the Boaad and um updated

accoadungly. The "ompany ham made mpecufuc unquuauem of all utm Duaectoam and othea unmudeam and um not awaae of any unfaungement

of the polucy duaung the peauod undea aevuew.

PREÉ"O PL"

Notes to the Ãœnau6ute6 consolu6ate6 an6 sepaaate fiunancual statements

fioa the yeaa en6e6 31 Decemȧea 2025

2C

ÉI"NIFI"ANT EVENTÉ AFTER THE END OF THE REPORTIN" PERIOD

Theae weae no mugnufucant eventm that occuaaed aftea the fouath quaatea that would necemmutate a dumclomuae oa, an adjumtment.

2"

IAÉ 2C: Funancual Repoatung un Hypeaunfilatuon Economues

Paemco Plc acquuaed 52% equuty unteaemt un Ghana Oul Palm Development "ompany Lumuted ("GOPD"") un FY2024, at a tume when the Ghanauan economy met the defunutuon of a hypeaunflatuonaay economy undea IAS 2G.3 and IAS 2G.8. Accoadungly, GOPD"'m FY2024 funancual mtatementm weae aemtated un accoadance wuth IAS 2G - Funancual Repoatung un Hypeaunflatuonaay Economuem pauoa to conmoludatuon unto the Gaoup funancual mtatementm un lune wuth IFRS 10.1G.

In Octoȧea 2025, "hana wam aemoved faom the lumt of hypeaunflatuonaay economuem.

The IMF Ÿoald Economuc Outlook ('ŸEO') aepoat ummued un Octoȧea 2025 mhowm that the thaee-yeaa cumulatuve unflatuon um expected to decaeame to "1% at the end of 2025, and to 50% at the end of 202C. Local data (paovuded ȧy the "hana Statumtucal Seavuce ("SS)) mhowm a decaeamung yeaa-on-yeaa and month-on-month unflatuon, wuth thaee-yeaa cumulatuve unflatuon am at Septemȧea 2025 of 84%. Bamed on the aȧove, entutuem wuth the cuaaency of "hana am theua functuonal cuaaency mhould mtop applyung IAS 2G foa aepoatung peauodm faom 31 Decemȧea 2025 onwaadm.

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Management ammemmed the accountung umplucatuonm of thum change foa the yeaa ended 31 Decemȧea 2025. In accoadance wuth IAS 2G.38-3G, when an economy ceamem to ȧe hypeaunflatuonaay, the amountm

e÷paemmed un the meamuaung unut cuaaent at the end of the paevuoum aepoatung peauod ȧecome the ȧamum foa the caaayung amountm un muȧmequent peauodm.

Accoadungly, the IAS 2G-aemtated ȧalancem of "OPD" am at 31 Decemȧea 2024 weae taeated am the deemed humtoaucal comt openung ȧalancem foa FY2025, and no fuathea unflatuon aemtatement wam applued duaung the yeaa. "OPD" wam theaefoae conmoludated un FY2025 umung non-hypeaunflatuonaay accountung, applyung humtoaucal comt accountung e÷cept wheae IFRS otheawume aequuaem faua value meamuaement. "ompaaatuve fuguaem weae not aemtated.

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APPROVAL OF FINAN"IAL ÉTATEMENTÉ

Thum conmoludated unauduted funancual mtatementm weae appaoved foa ummue un accoadance wuth a aemolutuon of the Boaad of Duaectoam on 30/01/202C

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