…Proposes ₦2.50 Dividend Per Share

BY NGOZI ONYEAKUSI


PZ Cussons Nigeria Plc has reported a strong financial performance for the 2026 financial year, recording ₦260.46 billion in revenue and a 349 per cent increase in profit after tax.

The company, a leading manufacturer of personal healthcare products and consumer goods, disclosed the results in its audited financial statements for the year ended May 31, 2026.

According to the results, revenue grew by 22 per cent from ₦212.63 billion recorded in the corresponding period in 2025 to ₦260.46 billion in 2026.

The company also proposed a dividend of ₦2.50 per share, subject to approval by shareholders at its Annual General Meeting scheduled for October 28, 2026.

Recurring operating profit increased significantly by 117 per cent to ₦37.1 billion, while total operating profit rose to ₦77.1 billion.

The company attributed the performance to improved underlying business operations and non-recurring income, particularly proceeds from scrap sales and gains from the disposal of non-core assets.

In a statement by the Company Secretary, Oghenekevwe Ogefere, the company said the performance reflected the commitment of its employees, continued investment in priority brands, product innovation, improved route-to-market execution and disciplined cost management.

PZ Cussons also recorded a significant improvement in its financial position during the period, with total equity turning positive at ₦66.6 billion as of May 31, 2026, compared with negative equity of ₦17.3 billion in the previous year.
Profit before tax stood at ₦77.3 billion, while profit after tax rose to ₦45.2 billion.
Ogefere said the improvement was supported by stronger profitability, disciplined capital allocation, effective foreign exchange exposure management and the settlement of outstanding debt obligations.

She added that the ₦77.1 billion operating profit was driven by organic business performance, currency gains and the disposal of non-core assets.

Expressing appreciation to shareholders for their support over the past year, Ogefere said the company remained focused on leveraging its strong brands, adaptive operating framework and disciplined execution to deliver sustainable value.

She stated that the Board and management would continue to focus on sustaining profitable growth, strengthening the balance sheet and creating long-term value for shareholders and other stakeholders.