PZ Cussons Nigeria reports 349% profit surge to N45.2 billion

PZ Cussons Nigeria Plc has reported a significant increase in profitability for the financial year ending May 31, 2026. The company announced a profit after tax of N45.17 billion, representing an approximately 349 percent increase from the N10.07 billion reported in 2025.

Revenue for the period grew by 22.5 percent to N260.46 billion. The company attributed this performance to stronger operating results, foreign exchange gains, asset disposals, and improved supply efficiencies. Profit before tax rose to N77.32 billion, a 364.08 percent increase compared to the previous year.

Following these results, the company has proposed a dividend of N2.50 per share, subject to shareholder approval at the Annual General Meeting scheduled for October 28, 2026. Additionally, the company’s financial position improved significantly, with total equity turning positive at N66.6 billion, compared to negative equity of N17.3 billion in the prior year.