PZ Cussons shareholders rejoice as latest report reveals huge profits

• PZ Cussons has shared immoderate bully quality with equity holders successful the institution aft the dense losses past year
• The institution has posted awesome profits, meaning that shareholders tin expect immoderate profits for the year
• Recall that the company's Shareholders expressed their displeasure implicit the plans to person its indebtedness to equity

Ruth Okwumbu-Imafidon, a writer with Legit.ng, has implicit a decennary of acquisition successful business reporting crossed integer and mainstream media.

PZ Cussons Nigeria Plc has turned successful the unaudited fiscal study for the twelvemonth ended May 31, 2025, showing a post-tax nett of N5.54 billion.

This is simply a immense turnaround from the erstwhile year's report, which showed a nonaccomplishment of N76.02 billion.

The unaudited results filed with the Nigerian Exchange Limited (NGX) connected Monday besides amusement that gross grew by 40% from N152.25 cardinal to N212.63 billion.

The genitor institution PZ Cussons precocious divested from the thenar lipid concern successful Nigeria. Photo credit: PZ Cussons
Source: Facebook

Gross nett accrued from N54.13 cardinal the erstwhile twelvemonth to N57.70 billion.

Profit earlier taxation grew 116% from a nonaccomplishment of N108.10 cardinal to a nett of N16.86 cardinal for the conscionable concluded fiscal year.

PZ Cussons defies FX losses, makes recovery

According to the report, PZ Cussons has reduced its FX losses, frankincense improving operational ratio and recovering from the dense losses successful the 2024 fiscal year.

Forex losses successful the latest study were down to N7.78 billion, from the N157.92 cardinal nonaccomplishment posted successful the past fiscal year.

More nett for shareholders arsenic PZ Cussons reduces expenses

The study besides shows that expenses person reduced for the institution successful the conscionable concluded fiscal year. Tax expenses were reduced from N32.17 cardinal to N11.32 billion.

Interest income roseate from N1.11 cardinal to N1.33 billion, portion involvement expenses dropped to N3.59 billion. This gave the institution a nett involvement outgo of N2.26 billion, the PUNCH reports.

Cost of income increases from N98.1 cardinal to N154.9 billion, somewhat expanding gross nett for the institution from N54.1 cardinal to N57.7 billion.

This resulted successful higher net for shareholders, with nett attributable to the genitor company's shareholders improving to N5.46 billion, up from a nonaccomplishment of N68.4 cardinal successful the 2024 fiscal year.

Basic and diluted net per stock accrued to N1, compared to a nonaccomplishment of N19 per share.

This fiscal effect proves that the institution is not leaving Nigeria anytime soon, conscionable similar it had earlier said.

Shareholders rejected PZ Cussons' debt-to-equity plan

Recall that shareholders of PZ Cussons Nigeria Plc communicated their displeasure to the institution implicit its debt-to-equity plans.

They warned that if implemented, it would erode stock worth and pb to different unsavoury consequences.

The institution has respective user products successful the Nigerian market. Photo credit: Facebook
Source: Getty Images

Nonetheless, immoderate shareholders judge the existent program whitethorn beryllium the safest mode to negociate the company's immense debts.

PZ Cussons sells thenar lipid business

In related news, PZ Cussons Plc precocious divested from the thenar lipid business, PZ Wilmar Limited.

The institution sold its 50% involvement to Wilmar International Limited, its spouse successful the associated venture, for $70 million.

Legit.ng reported that some companies had partnered successful 2010 to commencement the thenar lipid concern arsenic a associated venture.

PAY ATTENTION: Сheck retired quality that is picked exactly for YOU ➡️ find the “Recommended for you” artifact connected the location leafage and enjoy!

Source: Legit.ng