Kayode Tokede
PZ Cussons Nigeria Plc has announced N45.17 billion profit after tax in its audited financial statement for year ended May 31, 2026, about 348.7 per cent increase over N10.07 billion declared in audited financial statement for year ended May 31, 2025.
The audited financial results released on the Nigerian Exchange Limited (NGX) revealed that the Group achieved N77.32 billion profit before tax in 2026, representing an increase of 364.08 per cent when compared to N16.66 billion reported in 2025.
The company noted that the dividend proposed in respect of the year ended May 31, 2026 stood at N2.50 per share (2025: Nil).
“No provision for the dividend is recognised in the financial statements for the year then ended because, dividend is recognised as a liability in the period it is approved by shareholders,” the company explained.
The leading manufacturer of personal healthcare products and consumer goods, declared revenue of N260.46 billion in 2025, representing 22.5 per cent growth from N212.63 billion reported in the corresponding period of 2025.
According to the results released by NGX, Cost of sales closed 2026 at N187.19 billion, up by 20.8 per cent from N154.93billion declared in 2025.
However, the cost of Sales as a percentage of revenue was 71.87per cent in 2026, lower than 72. 86 per cent in the prior year. This was driven by better mix and supply efficiencies.
Marketing and Distribution expenses increased by 48.2per cent from N17.89 billion in 2025 to N26.51 billion in 2026. Administrative expenses also spiked, increasing from N14.70 billion
in the 2025 financial year to N21.07 billion in the 2026 financial year.
The Chief Executive Officer of PZ Cussons, Oghale Elueni, stated that the company’s strong performance was largely driven by the strength of the business, the equity of the brands, and the discipline of execution.
Elueni explained that despite the complex and consistently challenging operating environment, the company pulled through to deliver growth in both revenue and profit. He disclosed that the 22per cent revenue growth recorded for the 2026 financial year was influenced by a healthy mix of volume and price initiatives.
“The balance sheet was further de-leveraged and strengthened through a cash-accretive P&L and efficient working capital management. The impact has been an improvement in the net asset position from N17.3billion negative at the beginning of the year to N70.6billion at year-end.
“The business grew volumes in both the electrical and consumer business, leveraging investment in our brands and sharpening our go-to-market capabilities. The result has been
market share gains for our major brands, increased household penetration and robust volume uplift, contributing to overall revenue growth,” he added.
He expressed profound appreciation to the shareholders for their unwavering support in navigating through the challenges in the last 12 months. He also noted that the board remains confident that, despite geopolitical uncertainties and their attendant economic shocks, the business is sufficiently resourced to deliver value to stakeholders.
“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,” he stated.
