PZ Cussons Nigeria Reports N45 Billion Profit for 2026

PZ Cussons Nigeria announced its audited full-year financial results for the year ending May 31, 2026, revealing a profit after tax of N45.17 billion, a 349% increase from the previous year. Revenue climbed 22% to N260.46 billion, and earnings per share rose from N2.32 to N10.87.

The company proposed a dividend of N2.50 per share, marking its first payout since 2022. The profit included a significant gain from asset disposals, with total operating profit reaching N77.1 billion, while recurring operating profit increased 117% to N37.1 billion.

Excluding non-recurring income, pre-tax profit rose from N16.65 billion in 2025 to N38.65 billion in 2026. Current liabilities decreased from N185.36 billion to N92.36 billion, and shareholders’ equity improved from negative N17.34 billion to positive N66.64 billion.

The reported profit may not be sustainable in 2027 without similar asset sales, as removing the N38.67 billion gain would reduce profit after tax to approximately N22.6 billion.