2026 FY: PZ Cussons Posts N260.46bn Revenue, Proposes N2.50 Dividend

By Aduragbemi Omiyale

The board of PZ Cussons Plc has proposed the payment of a N2.50 dividend to the company’s shareholders for the 2026 financial year.

The cash reward, however, is subject to the approval of investors at the forthcoming Annual General Meeting (AGM) slated for October 28, 2026.

The dividend was proposed amid an impressive financial performance by the leading manufacturer of personal healthcare products and consumer goods in the period under review despite a difficult economy, which impacted consumers’ purchasing power.

Analysis showed that revenue improved by 22 per cent to N260.46 billion in the 2026 financial year from the N212.63 billion achieved in the corresponding period in 2025, with total operating profit rising to N77.1 billion, supported by improved underlying performance and non-recurring income, principally arising from gains on the disposal of non-core assets.

Also, the pre-tax profit increased to N77.3 billion, while the post-tax profit jumped to N45.2 billion.

According to a statement issued by the Company Secretary, Ms Oghenekevwe Ogefere, “This improvement was supported by stronger profitability, disciplined capital allocation, effective foreign exchange exposure management, and the settlement of outstanding debt obligations.”

Further analysis revealed that the financial position of the firm also witnessed a significant improvement, with the total equity turning positive at N66.6 billion as of May 31, 2026, compared with a negative equity of N17.3 billion in the preceding year.

Ms Ogefere disclosed that the organisation’s performance last year reflects the commitment of the company’s people, continued investment in priority brands, product innovation, improved route-to-market execution, and disciplined cost management.

Expressing profound appreciation to shareholders for their unwavering support in navigating through the challenges in the last 12 months, she added, “We have a business that has strong brands, an adaptive operating framework, and a culture of disciplined execution that supports the consistent delivery of value to stakeholders.”

According to her, the board and management remain focused on sustaining profitable growth, strengthening the balance sheet, and creating long-term value for shareholders and other stakeholders.