In the financial year ended May 31, 2026, PZ Cussons Nigeria Plc delivered one of its strongest performances in five years, underscoring how disciplined capital allocation, operational efficiency, and a recovery in consumer demand can restore profitability even in a challenging operating environment.
The maker of household and personal care brands, including Imperial Leather, Carex, Cussons Baby, Morning Fresh, Premier Cool, and Canoe, grew revenue to N260.4 billion, a 22.5 percent increase from N212.6 billion in the same period of 2025 and a 161.7 percent jump from N99.5 billion recorded in May 2022.
After-tax profit rose almost fivefold to N49.1 billion in the financial year ended May 2026 from N10.1 billion a year earlier, marking a dramatic turnaround from the N76 billion loss reported in 2024 when the naira devaluation triggered massive foreign exchange losses across corporate Nigeria.
According to the company, revenue growth was driven by a healthy combination of higher sales volumes and pricing initiatives.
“The business grew volumes in both the electrical and consumer business, leveraging investment in our brands and sharpening our route-to-market capabilities. The result has been market share gains by our major brands and increased household penetration,” it said in a notice signed by Oghenekevwe Ogefere, the company’s secretary
