PZ Cussons announces N260.46 billion revenue for the year

PZ Cussons, a major maker of personal healthcare products and consumer goods, reported N260.46 billion in revenue. This is a 22% increase for the 2026 financial year compared to N212.63 billion in 2025.

The company released its unaudited financial results, showing strong profit for the year ending 31 May 2026. Profit jumped from N10.07 billion in 2025 to N49.10 billion, marking a 388% rise.

According to the results shared by NGX, the Cost of Sales was 72% of revenue. This is 100 basis points lower than last year due to better product mix and supply efficiencies. However, Marketing and Distribution costs rose by 48.2%, going from N17.89 billion in 2025 to N26.51 billion in 2026. Administrative costs also increased, from N14.70 billion in 2025 to N21.07 billion in 2026.

Oghale Elueni, the Chief Executive Officer of PZ Cussons, said the company’s strong performance came from the strength of the business, the value of its brands, and disciplined execution.

Elueni noted that even with a tough business environment, the company managed to grow both revenue and profit. He mentioned that the 22% revenue growth for 2026 came from a good mix of sales volume and pricing strategies.

"The balance sheet was further strengthened through a cash-accretive P&L and efficient working capital management. This led to an improvement in net assets from ₦17.3 billion negative at the start of the year to ₦70.6 billion at year-end."

The company reported volume growth in both its electrical and consumer sectors, thanks to investments in their brands and improved market strategies. Elueni said this resulted in increased market share, more households using their products, and overall revenue growth.

He thanked shareholders for their support during the past year. He added that the board is confident that despite global uncertainties and economic challenges, the company is well-resourced to provide value to stakeholders.

"We have strong brands, an adaptable way of operating, and a culture of disciplined execution that helps us deliver value consistently to our stakeholders," he said.