July 6 (THEWILL) — PZ Cussons Nigeria Plc recorded a sharp increase in profitability for the financial year ended May 31, 2026, as pre-tax profit surged 364.08 percent to N77.32 billion from N16.66 billion a year earlier, driven by stronger sales, foreign exchange gains, property sales, and lower finance costs.
Profit after tax also climbed to N49.10 billion from N10.07 billion in the previous year, while fourth-quarter performance improved significantly.
Pre-tax profit for the quarter rose to N9.12 billion from N1.69 billion, while the company posted a post-tax profit of N9.99 billion, reversing the N1.22 billion loss recorded in the corresponding period of 2025.
Revenue increased by 22.49 percent to N260.46 billion from N212.63 billion, supported by higher sales volumes across its electrical and consumer businesses, pricing initiatives, brand investments, and stronger route-to-market execution.
Gross profit rose 26.96 percent to N73.27 billion, with gross margin improving to 28.13 percent from 27.14 percent.
Operating profit jumped 307.24 percent to N77.06 billion, aided by an N11.84 billion foreign exchange gain compared with a N7.78 billion loss in the previous year.
Other income also surged to N39.82 billion from N1.80 billion following the sale of three properties.
Although selling, distribution, and administrative expenses increased during the year, lower finance costs of N965.44 million, down from N3.63 billion, helped boost earnings. Earnings per share rose to N11.80 from N2.30.
The company also strengthened its balance sheet by reducing borrowings by 91.72 percent to N5.90 billion, while the parent company fully repaid its outstanding debt. Total equity recovered to N70.57 billion from a negative N17.34 billion in the previous year.
Commenting on the results, the company said the performance reflected the strength of its brands, disciplined execution, and resilience despite a challenging operating environment.
PZ Cussons’ shares have gained 103 percent since the start of the year, closing at N90 last week after rising 5 percent in early July.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
