PZ Cussons Nigeria Plc Unaudited Condensed Interim Financial Statements For year ended 31 May 2026
Unaudited interim/condensed financial statements for the year ended 31 May 2026
Contents PageCorporate information 1
Financial highlights 2
Consolidated statement of comprehensive income (Group) 3
Consolidated statement of comprehensive income (Company) 4
Consolidated statement of financial position 5
Statement of changes in equity 6-7
Statement of cash flows 8
Notes to the consolidated financial statements 9-21
Unaudited interim/condensed financial statements for the year ended 31 May 2026
Corporate information Board of DirectorsMrs. Ifueko M.Omoigui Okauru, MFR - Chairman, Independent Non-Executive Director
Mr. Dimitris Kostianis - Chief Executive Officer (Resigned w.e.f 31 May 2026)
Mr. Oghale Elueni - Chief Executive Officer (Appointed w.e.f 1 June 2026) Mr. Oludare Ebenezer Elusakin - Chief Financial Officer (Appointed w.e.f 1 June 2026) Ms. Joyce F. Coker - Executive Director (Resigned w.e.f 17 April 2026)
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 SecretaryAlsec Nominees Limited
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 Millenium Towers Ligali Ayorinde street Victoria Island, Lagos Financial highlights GroupYear ended | Year ended | ||
31 May 2026 ₦'000 | 31 May 2025 ₦'000 | % Change | |
Revenue | 260,456,428 | 212,634,336 | 22 |
Operating Profit | 77,059,303 | 18,922,533 | 307 |
Profit before taxation | 77,318,310 | 16,660,555 | 364 |
Taxation | (28,219,199) | (6,593,836) | 328 |
Profit after tax | 49,099,111 | 10,066,719 | 388 |
Non-controlling interest | 2,277,428 | 859,089 | 165 |
Profit attributable to equity holders of parent company | 46,821,683 | 9,207,630 | 409 |
49,099,111 | 10,066,719 | 388 | |
Year ended | Year ended, | ||
31 May 2026 ₦'000 | 31 May 2025 ₦'000 | ||
Share capital | 1,985,238 | 1,985,238 | - |
Total equity | 70,571,142 | (17,341,157) | 507 |
EPS per 50k share | |||
Basic and diluted earnings per share (Naira) | 11.8 | 2.3 | 409 |
Based on 3,970,477,045 ordinary shares of 50k each |
Revenue Cost of sales Gross profit
Note
Group4th Qtr | 4th Qtr | ||
endeded 31 | Year to date, | endeded 31 | Year to date, |
May 2026 | 31 May 2026 | May 2025 | 31 May 2025 |
₦'000 | ₦'000 | ₦'000 | ₦'000 |
63,236,204 | 260,456,428 | 58,222,205 | 212,634,336 |
(43,995,635) | (187,191,170) | (42,669,158) | (154,926,172) |
19,240,568 | 73,265,258 | 15,553,047 | 57,708,164 |
(7,526,420) | (26,514,466) | (4,948,049) | (17,895,551) |
(174,963) | (278,864) | (45,956) | (203,559) |
(8,483,481) | (21,070,800) | (2,064,808) | (14,701,674) |
(677,280) | 11,835,354 | (7,753,575) | (7,784,240) |
6,430,585 | 39,822,822 | 531,180 | 1,799,393 |
8,809,008 | 77,059,303 | 1,271,840 | 18,922,533 |
526,974 | 1,224,444 | 533,468 | 1,370,783 |
(217,108) | (965,436) | (117,567) | (3,632,761) |
309,866 | 259,008 | 415,901 | (2,261,978) |
9,118,875 | 77,318,310 | 1,687,742 | 16,660,555 |
866,579 | (28,219,199) | (2,910,390) | (6,593,836) |
9,985,454 | 49,099,111 | (1,222,648) | 10,066,719 |
9,985,454 | 49,099,111 | (1,222,648) | 10,066,719 |
9,496,935 | 46,821,683 | (1,470,591) | 9,207,630 |
488,519 | 2,277,428 | 247,943 | 859,089 |
9,985,454 | 49,099,111 | (1,222,648) | 10,066,719 |
2.4 | 11.8 | (0.4) | 2.3 |
Selling and distribution expenses Impairment of trade receivables Administrative expenses
Foreign exchange (loss)/profit
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.

