Caption: Oghale J. Elueni, MDCEO
PZ Cussons Nigeria Plc, at the weekend reported revenue of N260.46 billion, representing a 22% growth in the audited full-year ended May 31, 2026, up from N212.63 billion in the corresponding period in 2025.
The directors, on Monday proposed a dividend of N2.50k per share for shareholders’ approval at the Annual General Meeting scheduled for October 28, 2026. The dividend will be paid to shareholders whose names appear in the register of shareholders at the close of business on October 9, while it closes between Monday, October 12 and Friday, October 16, 2026. Payment will be made electronically on October 30, directly into the bank accounts of those who have completed the e-dividend registration mandate.
According to the notice by Oghenekevwe Ogefere, the Company Secretary on the Nigerian Exchange Limited portal, PZ Cussons also proposed a scrip dividend for approval to qualifying shareholders to receive new ordinary shares of “the company instead of the final dividend in cash. The election is required to be made on or before the 23rd October 2026.
“The Reference Share Price for the purpose of determining the number of shares due to Qualifying Shareholders who elect for the share option will be a ten-day trading average of the Company’s share price on the floor of the Nigerian Exchange Limited, starting on the 12th October 2026,” the company added.
An analysis of the results, revealed that operating profit rose by 117% to ₦37.1 billion, just as total operating profit rose to ₦77.1 billion, supported by improved underlying performance and non-recurring income, principally arising from scrap sales and gains on the disposal of non-core assets.
The operating profit, the statement added, was driven by a combination of factors, including organic business performance, currency gains, and the disposal of non-core assets.
Ogefere added that the performance reflects the commitment of the company’s people, continued investment in priority brands, product innovation, improved route-to-market execution, and disciplined cost management.
The Group also recorded a significant improvement in its financial position. Total equity turned positive at ₦66.6 billion as of 31st May, 2026, compared with a negative equity of ₦17.3 billion in the preceding year. Profit before tax rose to ₦77.3 billion, while profit after tax increased to ₦45.2 billion. This improvement was supported by stronger profitability, disciplined capital allocation, effective foreign exchange exposure management, and the settlement of outstanding debt obligations,” she said.
Expressing profound appreciation to the shareholders for their unwavering support in navigating through the challenges in the last 12 months, she added, adding that “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.
