PZ Cussons Nigeria Plc has released its unaudited results for the half year ended 30 November 2025, posting a pre-tax profit of N37.9 billion.
This marks a sharp turnaround from the N5.5 billion pre-tax loss recorded in the corresponding period of 2024, with second-quarter earnings of N16.3 billion playing a key role in the recovery.
The rebound was driven by stronger revenue, foreign exchange gains, higher other income, and lower interest costs, which together restored profitability.
PZ Cussons Nigeria Plc posted revenue of N127.9 billion for the half year ended 30 November 2025, rising from N96.4 billion a year earlier.
While the cost of sales increased to N93.6 billion, up 34.80%, the company still delivered a solid gross profit of N34.2 billion, representing a 26.91% year-on-year rise.
According to the half-year financial statements, selling and distribution expenses rose sharply to N11.6 billion, up 46%.
On a positive note, PZ Cussons reduced administrative expenses to N8.02 billion from N8.08 billion in 2024 and recorded an FX gain of N8.6 billion, reversing a N15.1 billion loss.
Most notably, other income surged to N14.7 billion, up 1,424.05%.
As a result, operations swung from a N3.3 billion loss in half-year 2024 to a N37.9 billion profit.
The group reported interest income of N431.4 million and cut finance costs sharply to N473.7 million from N2.7 billion in the half year.
This supported a rebound in pre-tax profit to N37.9 billion, compared with a N5.5 billion loss a year earlier.
After accounting for income tax of N16.4 billion, profit after tax settled at N21.4 billion.
Total assets rose to N179.4 billion, up 6.23% from N168.9 billion in the prior period.
Total equity rebounded to N4 billion from a N17.3 billion loss.
On the liabilities side, PZ Cussons reduced total obligations from N186.2 billion to N175.3 billion.
PZ Cussons Nigeria shares have returned 93.42% year-to-date on NGX as of trading day ended 23 December 2025.
PZ Cussons Nigeria shares have returned 93.42% year-to-date on NGX as of trading day ended 23 December 2025.