Consumer goods firm PZ Cussons Nigeria Plc has rebounded from a loss-making streak, posting a profit after tax of N21.4 billion in the half-year ended November 30, 2025, reversing the N7.0 billion loss recorded in the same period last year.
The company’s unaudited interim results, filed with the Nigerian Exchange Limited on Tuesday, revealed a 33 per cent increase in revenue to N127.9 billion from N96.5 billion a year earlier. The growth was attributed to improved pricing, higher sales volumes, and stronger market conditions. Operating profit surged to N38.0 billion, compared with an operating loss of N3.3 billion in the corresponding period of 2024.
Profit before tax rose to N37.9 billion from a loss of N5.5 billion, buoyed by higher gross margins and substantial foreign exchange gains. Gross profit climbed to N34.3 billion from N27.0 billion, while foreign exchange gains contributed N8.6 billion, a marked improvement from the N15.1 billion loss recorded in the prior year.
After a tax charge of N16.5 billion, profit after tax settled at N21.4 billion, with profit attributable to equity holders reaching N20.5 billion, compared with a N6.7 billion loss in 2024. Earnings per share also improved to N5.17 from a loss of N1.67.
In the second quarter alone, the company recorded N68.9 billion in revenue and a profit after tax of N7.9 billion, reversing a N2.4 billion loss from the same quarter of 2024.
On the balance sheet, total assets grew to N179.4 billion from N168.9 billion at the end of May 2025, driven by increases in inventories, trade receivables, and cash holdings. Cash and cash equivalents rose to N45.5 billion from N40.7 billion, while total equity improved to N4.1 billion from a negative N17.3 billion at the end of the last financial year. Retained losses narrowed to N18.3 billion from N38.8 billion, reflecting the company’s strengthened earnings position.
Following the positive results, PZ Cussons has reaffirmed its commitment to retain its African business, citing Nigeria’s improving economic indicators and projected population growth as key drivers for future expansion.