PZ Cussons Nigeria Profit Surge

PZ Cussons Nigeria Plc reported a 349% increase in profit after tax to N45.2 billion for the financial year ending May 31, 2026, with revenue rising 22% to N260.46 billion, marking a significant turnaround from negative equity the previous year.

Transcorp Hotels Plc and Ikeja Hotel Plc reported significant revenue growth in H1 2026, generating a combined revenue of N57.68 billion. However, the increase in receivables and a decline in cash generated from operations indicate a complex financial situation.

PZ Cussons Nigeria reported a 349% profit growth, proposing a final dividend of N2.50 per share for FY2026, marking its return to dividends after four years. The company achieved an after-tax profit of N45.17 billion, with revenue increasing to N260 billion.