PZ Cussons Nigeria posts N260.5bn revenue, 22% growth, proposes N2.50 dividend
PZ Cussons Nigeria Plc recorded N260.46 billion revenue for the 2026 financial year, up 22% from N212.63 billion in 2025. The Board proposed a dividend of N2.50 per share, pending shareholder approval at the Annual General Meeting on October 28, 2026. Recurring operating profit rose 117% to N37.1 billion, while total operating profit reached N77.1 billion. Profit after tax increased to N45.2 billion, and total equity turned positive at N66.6 billion from a negative N17.3 billion the prior year. These results reflect strong brand performance, disciplined cost management, improved route-to-market execution, currency gains, and proceeds from scrap sales and disposal of non-core assets.
The turnaround signals restored investor confidence and potential income for shareholders through the proposed dividend. A positive equity position strengthens the balance sheet, lowering financial risk and supporting future growth initiatives. The company’s ability to deliver profit despite macroeconomic challenges highlights effective capital allocation and foreign exchange risk management, which could influence share price and attract further investment.
Shareholders should mark October 28, 2026 to vote on the dividend resolution. Investors may evaluate the improved fundamentals when considering the stock. Monitoring the AGM outcome and subsequent share price reaction will clarify market sentiment. The company’s focus on sustaining profitable growth and creating long-term value remains key for stakeholders.