WorldStage– PZ Cussons Nigeria Plc has announced a dramatic financial recovery for the fiscal year ended May 31, 2026, reporting a Profit After Tax (PAT) of N45.17 billion. The performance represents a 349% increase from the N10.07 billion recorded in FY25, signalling a strong turnaround from previous macroeconomic challenges and foreign currency headwinds.
Following the balance sheet restructuring and the complete settlement of its legacy foreign exchange exposures, the company’s revenue rose 22% to N260.46 billion. Operating profit saw a significant surge of 307% to N77.06 billion, while Net Assets rebounded into positive territory at N66.64 billion, up from a negative N17.34 billion in the prior year.
Key Financial Highlights (FY26 vs FY25)
Revenue: N260.46 billion, up 22% (FY25: N212.63 billion)
Gross Profit: N73.27 billion, up 27% (FY25: N57.71 billion)
Operating Profit: N77.06 billion, up 307% (FY25: N18.92 billion)
Profit Before Tax: N77.32 billion, up 364% (FY25: N16.66 billion)
Profit After Tax: N45.17 billion, up 349% (FY25: N10.07 billion)
Net Assets: N66.64 billion (FY25: -N17.34 billion)
Proposed N2.50 Dividend and Scrip Option
On the back of its improved financial standing, the Board of Directors has recommended a final gross dividend of N2.50 per ordinary share, totaling approximately N9.93 billion.
To support ongoing expansion initiatives and conserve cash for capital management, PZ Cussons is offering shareholders a voluntary Scrip Dividend Arrangement. Under this scheme, eligible shareholders can choose to receive their dividend payout in:
Full Cash (default option)
New Fully Paid-Up Ordinary Shares (Scrip Shares)
A combination of Cash and Scrip Shares
The conversion rate for Scrip Shares will be determined using a Reference Share Price, calculated as the 10-day simple moving average closing price of the company’s shares on the Nigerian Exchange (NGX) between October 12 and October 23, 2026.
Key Dates for Shareholders
Qualification Date: October 9, 2026 (Shareholders registered on or before this date are eligible)
Election Window Closes: October 23, 2026 (Deadline to submit Scrip Dividend election forms to First Registrars)
Annual General Meeting (AGM): October 28, 2026 at The Ballroom, Fraser Suites, Abuja
The proposed scrip structure, alongside amendments to the company’s Memorandum and Articles of Association, remains subject to shareholder approval at the upcoming 78th AGM, as well as formal regulatory clearances from the Securities and Exchange Commission (SEC), the NGX, and the Corporate Affairs Commission (CAC).
