PZ Cussons Nigeria (NGX:PZ) has concluded its financial year ending 31 May 2026, reporting a profit after tax of N49.1 billion, a 388 per cent increase from N10.07 billion the previous year, and reversing total equity from a negative N17.34 billion to a positive N70.57 billion.
According to the company’s unaudited condensed interim financial statements, filed on the Nigerian Exchange (NGX).
The document shows revenue for the year increased by 22 per cent to N260.46 billion, up from N212.63 billion in 2024/2025.
Operating profit soared to N77.06 billion, more than four times the N18.92 billion recorded a year earlier, while profit before tax grew to N77.32 billion from N16.66 billion.
Profit attributable to equity holders of the parent company was N46.82 billion, equating to earnings per share of N11.8, compared to N2.3 in the prior year.
The company credited part of the improved position to a N38.8 billion capital contribution from its parent, PZ Cussons Holdings Limited, UK, following a debt waiver during the year.
This followed a similar N14.3 billion waiver in 2024.
The results were also enhanced by a N38.67 billion profit realised from the disposal of fixed assets, resulting from the sale of properties previously held for sale and from facilities formerly used by PZ Wilmar Limited, a joint venture of the PZ Cussons Group divested during the year.
Additionally, the company fully repaid a $40.26 million (approximately N57.8 billion) non-interest-bearing loan owed to its parent, PZ Cussons International Limited, UK, clearing the facility entirely by year-end.
According to the filing, the company’s free float stood at 24 percent as at 31 May 2026, valued at N94.3 billion, ensuring compliance with the Nigerian Exchange’s free float requirements for main board-listed companies.
Administrator and Writer
