P Z Cussons Nigeria Plc reported a net profit of N49.1 billion for the financial year ended May 31, 2026.
The consumer goods firm said the results were driven by strong brand performance, pricing discipline and efficiency gains across its operations.
The Company’s full-year audited financial statements showed a massive financial turnaround.
Revenue rose by 22 per cent to N260.46 billion from N212.63 billion in 2025, with profit after tax surging 388 per cent to N49.10 billion
The company successfully eliminated its prior-year shareholder deficit, which sat at negative N17.34 billion in 2025, closing the 2026 financial year with a positive equity position of N70.57 billion.
According to the Company, PZ Cussons Nigeria’s performance for the full year 2026 is a testament to the strength of our business, the equity of our brands, and the discipline of our execution.
“The business pulled through a constantly changing operating environment to deliver growth in both revenue and profit. Revenue growth was 22 per cent compared to the prior year, driven by a healthy mix of volume and price initiatives. The business grew volumes in both the electrical and consumer business, leveraging investment in our brands and sharpening our route-to-market capabilities.
“The result has been market share gains by our major brands, increased household penetration, and robust volume uplift contributing to overall revenue growth.”
The Company stated that the balance sheet was further de-leveraged and strengthened through a cash-accretive P&L and efficient working capital management, noting that this has resulted in an improvement in net asset position from negative N17.3 billion at the beginning of the year to N70.6 billion at year-end.
It added that the Board is confident that despite geopolitical uncertainties and their attendant economic shocks, the business is sufficiently resourced with strong brands, an adaptive operating framework, and a culture of disciplined execution that supports the consistent delivery of value to stakeholders.
