PZ Cussons Nigeria Plc has delivered an exceptional financial performance for the financial year ended 31 May 2026, marked by robust top-line growth and a remarkable recovery in profitability. Total revenue increased by 22% to ₦260.46 billion, up from ₦212.63 billion in the previous year. Operating profit surged by an impressive 307% to ₦77.06 billion, compared to ₦18.92 billion in 2025.
Consequently, profit after tax skyrocketed by 388% to ₦49.10 billion, a significant leap from the ₦10.07 billion recorded in the prior year. Earnings per share (EPS) reflected this strong bottom-line growth, rising by 409% to 11.8 Naira per share from 2.3 Naira. Notably, total equity experienced a massive turnaround, closing at a positive ₦70.57 billion from a negative ₦17.34 billion in 2025, heavily bolstered by a ₦38.81 billion capital contribution following debt waivers by the parent company.
Operational Highlights
During the reporting period, PZ Cussons Nigeria Plc executed several strategic operational initiatives to streamline its business model. A major highlight was the divestment of its joint venture entity, PZ Wilmar Ltd, alongside the sale of three properties previously utilised by the joint venture. Furthermore, to optimise asset utilisation, the company entered into a strategic lease agreement with UGEE Chemicals Limited in April 2024 to lease its Detergent Tower and related assets, facilitating capacity expansion. The company also successfully repaid a substantial $40.26 million non-interest-bearing loan to its ultimate parent company, PZ Cussons (Holdings) Limited, amounting to ₦57.79 billion.
