PZ Cussons Nigeria profit jumps 348.7% in fiscal 2026, company declares N2.50 dividend

PZ Cussons Nigeria reported a sharp rise in annual profit and proposed its first dividend in the figures described, after a year of higher revenue and stronger operating results.

The personal healthcare and consumer goods manufacturer recorded N45.17 billion in profit after tax for the year ended May 31, 2026. That compared with N10.07 billion in the previous financial year, a 348.7% increase. Profit before tax rose 364.08% to N77.32 billion from N16.66 billion.

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The strength of the business, the equity of the brands, and the discipline of execution.

Revenue reached N260.46 billion, up 22.5% from N212.63 billion. The company said the increase reflected a mix of higher volumes and pricing initiatives. Cost of sales rose 20.8% to N187.19 billion, but fell as a share of revenue to 71.87% from 72.86%, helped by a better product mix and supply efficiencies.

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The balance sheet was further de-leveraged and strengthened through a cash-accretive P&L and efficient working capital management.

Marketing and distribution costs increased 48.2% to N26.51 billion, while administrative expenses rose to N21.07 billion from N14.70 billion. Despite those increases, the company said its net asset position improved from a negative N17.3 billion at the start of the year to N70.6 billion at year-end.

Chief Executive Oghale Elueni attributed the performance to the strength of the business, its brands and execution discipline. He said volumes grew in both the electrical and consumer businesses, contributing to market-share gains, wider household penetration and higher overall sales. The proposed dividend stands at N2.50 per share, compared with no dividend in 2025.

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The business grew volumes in both the electrical and consumer business, leveraging investment in our brands and sharpening our go-to-market capabilities.