PZ Cussons Nigeria reports N260.46 billion revenue as profit after tax jumps 349%

PZ Cussons Nigeria ended its 2026 financial year with revenue of N260.46 billion and a sharp rebound in profitability. Revenue increased 22% from N212.63 billion in the previous year, according to the company’s audited results.

Profit after tax climbed 349% to N45.2 billion, while profit before tax reached N77.3 billion. Recurring operating profit rose 117% to N37.1 billion. Total operating profit reached N77.1 billion, helped by stronger underlying performance, scrap sales and gains from disposing of non-core assets.

The company also reported a major improvement in its financial position. Total equity stood at N66.6 billion on May 31, 2026, compared with negative equity of N17.3 billion a year earlier. The company attributed the change to stronger profitability, disciplined capital allocation, foreign-exchange management and the settlement of outstanding debt obligations.

Company Secretary Oghenekevwe Ogefere said the results reflected investment in priority brands, product innovation, improved route-to-market execution and cost controls. She said, "We have a business that has strong brands, an adaptive operating framework, and a culture of disciplined execution that supports the consistent delivery of value to stakeholders."

The board proposed a N2.50 dividend per share, pending approval at the annual general meeting scheduled for October 28, 2026. Management said it would focus on sustaining profitable growth, strengthening the balance sheet and creating long-term value for shareholders and other stakeholders.

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We have a business that has strong brands, an adaptive operating framework, and a culture of disciplined execution that supports the consistent delivery of value to stakeholders.