PZ Cussons Reports 349% Profit Growth, Declares N9.9bn Dividend

PZ Cussons Nigeria proposed a final dividend of N2.50 per share for the financial year ending May 31, 2026, marking its return to dividend payments after a four-year hiatus since 2022. The company reported an after-tax profit of N45.17 billion, with the board approving a total dividend payment of N9.93 billion.

Revenue for FY2026 reached N260 billion, reflecting a 22.4% increase from N212 billion in FY2025. The growth was primarily driven by the Home and Personal Products segment, which contributed 58% of total revenue.

Despite facing increased cost pressures, with the cost of sales rising from N154 billion in FY2025 to N187 billion in FY2026, gross profit increased from N57.71 billion to N73.26 billion. A foreign exchange gain of N11.84 billion and N39.92 billion from asset sales helped offset expenses, resulting in a 364% increase in profit before tax year-on-year.

However, a tax expense of N32.15 billion reduced profit after tax to N45 billion, a 300% increase. The company significantly reduced its total borrowings from N71.27 billion to N5.9 billion.