2026 FY: PZ Cussons records N260.46 billion revenue, profit after tax grows by 349%

PZ Cussons Nigeria Plc, a prominent manufacturer of healthcare and consumer goods, reported a revenue of N260.46 billion for the 2026 fiscal year, marking a 22% increase compared to N212.63 billion in the same period last year. The company's Board of Directors has proposed a dividend payment of N2.50k per share, pending shareholder approval at the upcoming Annual General Meeting on October 28, 2026.

The audited financial results for the year ending May 31, 2026, revealed a strong performance by the company. The recurring operating profit increased by 117% to ₦37.1 billion. The total operating profit rose to ₦77.1 billion, bolstered by improved performance, non-recurring income from scrap sales and disposals of non-core assets.

Group Company Secretary, Oghenekevwe Ogefere, attributed the company's success to the dedication of its employees, ongoing investment in priority brands, product innovation, efficient route-to-market execution, and stringent cost management. The company also experienced a significant improvement in its financial position, with total equity becoming positive at ₦66.6 billion as of May 31, 2026, as opposed to the negative equity of ₦17.3 billion in the previous year.

Profit before tax amounted to ₦77.3 billion, while profit after tax grew to ₦45.2 billion. This improvement was facilitated by enhanced profitability, judicious capital allocation, effective management of foreign exchange exposure, and the settlement of outstanding debt obligations. Ogefere expressed gratitude to shareholders for their steadfast support during the challenging year, highlighting the company's commitment to delivering value to stakeholders through a strong brand portfolio, adaptable operating framework, and disciplined execution culture.