PZ Cussons Nigeria Plc posted a net income of N5.5 billion for the financial year ended May 31, 2025. This marks a return to profitability and a sharp reversal from the N76 billion net loss recorded in FY 2024, a 107 percent turnaround.
According to the company’s unaudited financial statement, revenue rose to N212.6 billion, reflecting a 40 percent year-on-year increase from the N152.2 billion recorded in the prior year. Operating profit for the year stood at N17.3 billion, a dramatic rebound from the N127.4 billion operating loss reported in FY 2024.
However, raw material costs surged 58 percent to N154.9 billion, up from N98.1 billion the previous year. This spike contributed to a decline in gross margin from 55.2 percent to 37.2 percent. A relatively stable naira helped contain foreign exchange losses, which dropped significantly to N7.8 billion, from N157.9 billion a year earlier.
Total assets rose to N163.9 billion, representing a modest 4.4 percent rise. This includes a N45.3 million lease receivable from some of the group’s properties. The company ended the year with a cash balance of N40.7 billion. While non-current borrowings climbed to N63.9 billion from N59.8 billion in FY 2024, current borrowings fell to N7.6 billion, down from N29.2 billion, as the company repaid N27.8 billion in loans during the year.
The group’s trade payables also grew, with debt to vendors and suppliers increasing to N104 billion from N90.6 billion at the start of the year.
Despite the return to profit, net operating cash flow declined to N51.5 billion, down from N63.2 billion recorded in the previous year.
In 2025, PZ Cussons Nigeria Plc is up 56.4 percent on the NGX. The stock currently trades at a share price of N38.00, with its price-to-earnings ratio at 19.00x.
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