Pz Cussons PlcLSE: PZC

PZCN Q4 2026 Unaudited Financial Statement

· Issued by Pz Cussons Plc


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 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 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 Directors

Mrs. 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 Secretary

Alsec Nominees Limited

Registered Office

45/47 Town Planning Way Ilupeju Industrial Estate

P.M.B. 21132

Ikeja

Registration Number

RC 693

Registrars

First 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 Group

Year 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

Statement of profit or loss and other comprehensive income

Revenue Cost of sales Gross profit

Note

Group

4th 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.

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