PZ Cussons Nigeria Reports 349% Profit Surge to N45.2bn

PZ Cussons Nigeria Plc announced a remarkable financial performance for the fiscal year ending May 31, 2026, with profit after tax soaring 349% to N45.2 billion. Revenue also increased by 22%, reaching N260.46 billion, compared to N212.63 billion in the previous year.

The company’s recurring operating profit rose 117% to N37.1 billion, while total operating profit reached N77.1 billion, bolstered by non-recurring income from scrap sales and asset disposals. Profit before tax climbed to N77.3 billion.

The company attributed its success to enhanced business operations, investment in priority brands, product innovation, improved market execution, and disciplined cost management. Effective foreign-exchange management and settling outstanding debts also contributed to the positive results.

Notably, PZ Cussons Nigeria reversed its equity position, reporting total equity of N66.6 billion, a significant improvement from negative equity of N17.3 billion the prior year, indicating a turnaround of N83.9 billion in its financial standing.