PZ Cussons Nigeria Plc has announced a remarkable financial recovery, posting a profit after tax of ₦20.5 billion for the half year ended November 30, 2025, compared to a loss of ₦7 billion in the same period last year.
The company’s unaudited financial statements reveal that revenue surged 32% to ₦127.9 billion from ₦96.5 billion year-on-year, driven by strong performance across its product portfolio.
The turnaround represents a 406% improvement in profitability, with earnings per share climbing to ₦5.17 from a loss of ₦1.67 per share in the corresponding period of 2024.
Operating profit jumped significantly to ₦37.7 billion, up from ₦3.3 billion previously, reflecting improved operational efficiency and cost management. The company’s gross profit margin also expanded, with gross profit rising to ₦34.3 billion compared to ₦27.7 billion in the prior year.
Total equity strengthened to ₦4.1 billion as at November 30, 2025, a sharp recovery from a negative equity position of ₦17.3 billion recorded at the end of May 2025, indicating improved financial health and shareholder value.
The company’s total assets grew to ₦175.4 billion from ₦168.9 billion at the end of May 2025, while maintaining a solid balance sheet with current assets of ₦138.5 billion.
The results suggest that PZ Cussons Nigeria’s restructuring efforts and strategic initiatives implemented over the past year have begun yielding positive outcomes, positioning the company for sustained growth in Nigeria’s competitive consumer goods market.
