PZ Cussons Nigeria Plc returned to profitability in the half year ended 30 November 2025, posting a profit after tax of N21.4 billion, a reversal from the N7.0 billion 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 N127.9 billion from N96.5 billion a year earlier, reflecting improved pricing, volume growth and stronger market conditions. Operating profit stood at N38.0 billion, compared with an operating loss of N3.3 billion in the prior period.
Profit before tax came in at N37.9 billion, up from a loss of N5.5 billion in the previous year, supported by higher gross margins and significant foreign exchange gains. Gross profit increased to N34.3 billion from N27.0 billion, while foreign exchange gains amounted to N8.6 billion year to date, compared with a loss of N15.1 billion in the same period last year.
After accounting for a tax charge of N16.5 billion, profit after tax settled at N21.4 billion. Profit attributable to equity holders of the parent company stood at N20.5 billion, against a loss of N6.7 billion 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 N68.9 billion and a profit after tax of N7.9 billion, compared with a loss of N2.4 billion in the corresponding quarter of 2024.
On the balance sheet, total assets increased to N179.4 billion as of 30 November 2025 from N168.9 billion at the end of May 2025, driven largely by higher inventories, trade receivables and cash balances.
Cash and cash equivalents rose to N45.5 billion from N40.7 billion over the period.
Total equity improved to N4.1 billion from a negative position of N17.3 billion at the end of the last financial year, reflecting the strong earnings performance. Retained losses narrowed significantly to N18.3 billion from N38.8 billion.
It was reported that consumer goods company PZ Cussons has decided to retain its African business on the back of a recovery in Nigeria’s economic indices and projected population growth.
