PZ Cussons Nigeria Plc reported a pre-tax profit of N16.6 billion in 2025, marking a sharp turnaround from a N122.4 billion loss last year.
The audited results for the year ended 31 May 2025 showed revenue rose 39.6 percent to N212.6 billion, led by home and personal care at N126 billion and electronics at N86.5 billion.
According to filings on the Nigerian Exchange Group (NGX), foreign exchange losses fell 95 percent to N7.7 billion.
Despite rising costs, including a 57.9 percent jump in cost of sales to N154.9 billion, the company delivered a gross profit of N57.7 billion. Selling and distribution expenses rose 35.3 percent to N17.8 billion, while administrative expenses climbed 37.6 percent to N14.7 billion.
The biggest relief came from reduced forex exposure, which helped turn operating results into a profit of N18.9 billion, compared with a N124.4 billion loss in 2024. Finance costs eased slightly to N3.6 billion from N4 billion, strengthening pre-tax profit.
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On the balance sheet, total assets increased to N168.9 billion, with current assets contributing N118.4 billion. Liabilities rose to N186.2 billion, largely from trade and other payables of N105.1 billion. Equity remained negative at N17.3 billion, but improved from a negative N27.5 billion last year.
Key highlights from the results include revenue growth of 39.66 percent year-on-year, gross profit growth of 6.61 percent, and a 113.6 percent surge in pre-tax profit. Management noted that accumulated losses of N38.7 billion still weigh on equity capital.
In market performance, PZ Cussons shares closed at N32.00 on 4 September 2025, representing a year-to-date gain of over 31 percent. The stock opened at N24.30, slipped to N23 in January, but surged 53.91 percent in February to N35.40. Another rally in mid-year pushed the price as high as N43, before retreating to N32 in Q3.
An analyst quoted in the NGX filing said the company’s rebound was mainly driven by improved revenue mix and reduced currency losses.
“This recovery, though significant, will need sustained cost discipline and further equity strengthening to consolidate growth,” the analyst added.
