PZ Cussons Nigeria Plc
Unaudited Condensed Interim Financial Statements
For the first quarter (Q1, 2026/27) ended 31 August 2026
Unaudited interim/condensed financial statements for the quarter ended 31 Aug. 2026
Contents Page
Corporate information 1
Financial highlights 2
Consolidated statement of comprehensive income (Group) 3
Consolidated statement of comprehensive income (Company) 4
Consolidated statement of financial position (Group and Company) 5
Statement of changes in equity (Group and Company) 6-7
Statement of cash flows (Group and Company) 8
Notes to the consolidated financial statements 9-21
Corporate information Board of DirectorsMrs. Ifueko M.Omoigui Okauru, MFR - Chairman, Independent Non-Executive Director Mr. Oghale Elueni - Chief Executive Officer
Mr. Oludare Ebenezer Elusakin - Chief Financial Officer
Mr. Kareem Moustafa - Non-Executive Director
Mallam Ballama Manu - Independent Non-Executive Director
Mrs. Oluwatoyin Odutayo - Independent Non-Executive Director Dr Suleyman Abdu Ndanusa, OON - Independent Non-Executive Director Mr. Richard Walker - Non-Executive Director
Dr Anthony Ikemefuna Idigbe, SAN - Independent Non-Executive Director
Company SecretaryMs. Oghenekevwe Ogefere
Registered Office45/47 Town Planning Way Ilupeju Industrial Estate
P.M.B. 21132
Ikeja
Registration NumberRC 693
RegistrarsFirst Registrars and Investors Service Limited Plot 2, Abebe Village Road
Iganmu Complex
P.M.B. 12692
Lagos
Independent Auditors PricewaterhouseCoopers Chartered Accountants FF Millennium Towers
13/14 Ligali Ayorinde Street Victoria Island
Financial highlights
Group
Qtr ended, 31 | Qtr ended, 31 | ||
Aug 2026 ₦'000 | Aug 2025 ₦'000 | % Change | |
Revenue | 64,840,465 | 59,014,505 | 10 |
Operating Profit | 9,045,025 | 21,592,835 | (58) |
Profit before taxation | 9,088,415 | 21,541,117 | (58) |
Taxation | (4,455,951) | (8,054,825) | (45) |
Profit after tax | 4,632,464 | 13,486,292 | (66) |
Non-controlling interest | 617,199 | 437,057 | 41 |
Profit attributable to equity holders of parent company | 4,015,266 | 13,049,235 | (69) |
4,632,464 | 13,486,292 | (66) | |
EPS per 50k share | |||
Basic and diluted earnings per share (Naira) | 1.2 | 3.4 | (66) |
Based on 3,970,477,045 ordinary shares of 50k each | |||
Qtr ended, 31 | Year ended, | ||
Aug 2026 | 31 May 2026 | ||
₦'000 | ₦'000 | ||
Share capital | 1,985,238 | 1,985,238 | - |
Total equity | 71,274,639 | 66,642,175 | 7 |
Unaudited interim/condensed financial statements for the quarter ended 31 August 2026
Statement of profit or loss and other comprehensive incomeRevenue Cost of sales Gross profit
Note
Group1st Qtr ended | 1st Qtr ended |
31 Aug 2026 | 31 Aug 2025 |
₦'000 | ₦'000 |
64,840,465 | 59,014,505 |
(45,056,218) | (43,112,828) |
19,784,248 | 15,901,678 |
(6,599,905) | (5,656,732) |
(60,674) | (20,517) |
(4,588,542) | (4,372,665) |
177,467 | 3,565,981 |
332,432 | 12,175,089 |
9,045,025 | 21,592,835 |
222,044 | 169,071 |
(178,653) | (220,789) |
43,390 | (51,718) |
9,088,415 | 21,541,117 |
(4,455,951) | (8,054,825) |
4,632,464 | 13,486,292 |
4,632,464 | 13,486,292 |
4,015,266 | 13,049,235 |
617,199 | 437,057 |
4,632,464 | 13,486,292 |
1.2 | 3.40 |
Selling and distribution expenses Impairment of trade receivables Administrative expenses
Foreign exchange gain
Other income 20
Operating profit
Interest income Interest cost
Net interest expense
Profit before tax Income tax expense Profit for the year
Total comprehensive income for the year Attributable to
Equity holders of the parent company
Non-controlling interest
Basic and diluted earnings per share (Naira)
The accompanying notes on pages 9 to 21 form an integral part of these financial statements.