Leading manufacturer of personal healthcare products and consumer goods, PZ Cussons Plc, recorded a 22 per cent growth in its revenue in the 2026 fiscal year.
In its unaudited results recently submitted to the Nigerian Exchange (NGX) Limited, the company posted revenue of N260.46 billion in the period under review compared with the N212.63 billion achieved in the corresponding period in 2025.
This revenue growth was buoyed by market share gains for its major brands, increased household penetration and robust volume uplift, according to the chief executive of PZ Cussons, Mr Oghale Elueni.
It was observed that the cost of sales as a percentage of revenue was 72 per cent, 100bps lower than the prior year, driven by better mix and supply efficiencies.
Marketing and distribution expenses increased by 48.2 per cent to N26.51 billion from N17.89 billion, and administrative expenses also spiked by 43 per cent to N21.07 billion from N14.70 billion.
Also, the organisation recorded significant profitability for the year ended May 31, 2026, rising by 388 per cent to N49.10 billion from N10.07 billion.
Mr Elueni attributed this strong performance to the strength of the business, the equity of the brands, and the discipline of execution, noting that despite the complex and consistently challenging operating environment, the company pulled through to deliver growth in both revenue and profit.
He disclosed that the 22 per cent revenue growth recorded for the 2026 financial year was influenced by a healthy mix of volume and price initiatives.
“The balance sheet was further de-leveraged and strengthened through a cash-accretive P&L and efficient working capital management. The impact has been an improvement in the net asset position from N17.3 billion negative at the beginning of the year to N70.6 billion at year-end.
“The business grew volumes in both the electrical and consumer business, leveraging investment in our brands and sharpening our go-to-market capabilities. The result has been market share gains for our major brands, increased household penetration and robust volume uplift, contributing to overall revenue growth,” he stated.
Mr Elueni expressed profound appreciation to the shareholders for their unwavering support in navigating through the challenges in the last 12 months, noting that the board remains confident that, despite geopolitical uncertainties and their attendant economic shocks, the business is sufficiently resourced to deliver value to stakeholders.
“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,” he stated.
