- Profit After Tax Grows by 349%
- Proposes dividend payment of N2.50k per share
The Board of Directors of PZ Cussons Nigeria Plc, a leading manufacturer of personal healthcare products and consumer goods, recorded N260.46 billion in revenue for the 2026 financial year, representing 22% growth, compared with N212.63 billion in the corresponding period in 2025.
The Board has proposed a dividend payment of N2.50k per share, subject to shareholders’ approval at the forthcoming Annual General Meeting holding in October 28, 2026.
A breakdown analysis of the audited financial results for the year ended May 31, 2026, revealed that the company delivered strong performance with recurring operating profit rising by 117% to N37.1 billion.
In a statement issued by the Company Secretary, Oghenekevwe Ogefere, it was disclosed that the total operating profit rose to N77.1 billion, supported by improved underlying performance and non-recurring income, principally arising from scrap sales and gains on the disposal of non-core assets.
Ogefere stated that the performance reflects the commitment of the company’s people, continued investment in priority brands, product innovation, improved route-to-market execution, and disciplined cost management.
The Group also recorded a significant improvement in its financial position. Total equity turned positive at N66.6 billion as of 31st May, 2026, compared with a negative equity of N17.3 billion in the preceding year. Profit before tax rose to N77.3 billion, while profit after tax in- creased to N45.2 billion.
This improvement was supported by stronger profitability, disciplined capital allocation, effective foreign exchange exposure management, and the settlement of outstanding debt obligations,” she said.
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