PZ Cussons Nigeria Plc has reported a pre-tax profit of N37.9 billion for the half year ended November 30, 2025. The result marks a significant turnaround from a N5.5 billion loss in the same period of 2024.
Okay News reports that second-quarter earnings of N16.3 billion contributed substantially to the recovery. Improvements stemmed from revenue growth, foreign exchange gains, higher other income, and reduced finance costs.
Revenue rose to N127.9 billion, up 32.59 percent year-on-year from N96.4 billion. Strong demand across Hygiene, Baby, Beauty, Food & Nutrition, and Electricals segments drove the increase.
Cost of sales climbed 34.80 percent to N93.6 billion. Gross profit still advanced 26.91 percent to N34.2 billion.
Selling and distribution expenses increased 46 percent to N11.6 billion. Administrative costs dipped slightly to N8.02 billion.
A foreign exchange gain of N8.6 billion reversed a prior N15.1 billion loss. Other income surged 1,424.05 percent to N14.7 billion, mainly from asset disposals.
Operating profit swung to N37.9 billion from a N3.3 billion loss. Finance costs fell sharply to N473.7 million from N2.7 billion, with interest income at N431.4 million.
After N16.4 billion tax, profit after tax reached N21.4 billion.
Total assets grew 6.23 percent to N179.4 billion. Inventories stood at N66.2 billion, cash equivalents at N45.5 billion.
Equity rebounded to N4 billion from negative territory. Retained earnings improved to negative N18.2 billion from N38.7 billion.
Liabilities declined to N175.3 billion from N186.2 billion.
Shares returned 93.42 percent year-to-date on the Nigerian Exchange Limited as of December 23, 2025.
The performance demonstrates operational resilience amid challenging conditions. Strategic adjustments restored profitability for the consumer goods firm.
This rebound positions PZ Cussons Nigeria for sustained growth. It reflects effective cost management and revenue diversification in Africa’s largest market.
