PZ half-year profit at N21.4bn in November
… equity rose to N4.1bn from negative position of N17.3bn.
PZ Cussons Nigeria Plc returned to profitability in the half year ended November 30, 2025, posting a profit after tax of N21.4bn, a reversal from the N7.0bn loss recorded in the corresponding period of 2024.
In its financial statements filed with the Nigerian Exchange Limited on Tuesday, the consumer goods company’s unaudited interim results showed that revenue rose by 33 per cent to N127.9bn from N96.5bn a year earlier, reflecting improved pricing, volume growth and stronger market conditions. Operating profit stood at N38.0bn, compared with an operating loss of N3.3bn in the prior period.
Profit before tax came in at N37.9bn, up from a loss of N5.5bn in the previous year, supported by higher gross margins and significant foreign exchange gains. Gross profit increased to N34.3bn from N27.0bn, while foreign exchange gains amounted to N8.6bn year to date, compared with a loss of N15.1bn in the same period last year.
After accounting for a tax charge of N16.5bn, profit after tax settled at N21.4bn. Profit attributable to equity holders of the parent company stood at N20.5bn, against a loss of N6.7bn in the prior year. Earnings per share improved to N5.17 from a loss of N1.67.
In the second quarter ended 30 November 2025 alone, the company recorded revenue of N68.9bn and a profit after tax of N7.9bn, compared with a loss of N2.4bn in the corresponding quarter of 2024.
On the balance sheet, total assets increased to N179.4bn as of 30 November 2025 from N168.9bn at the end of May 2025, driven largely by higher inventories, trade receivables and cash balances.
Cash and cash equivalents rose to N45.5bn from N40.7bn over the period.
Total equity improved to N4.1bn from a negative position of N17.3bn at the end of the last financial year, reflecting the strong earnings performance. Retained losses narrowed significantly to N18.3bn from N38.8bn.
