PZ Cussons Nigeria Plc has announced plans to set remuneration for its Non-Executive Directors at N98 million, noting that sitting allowances will be paid in addition to this amount.
This proposal is among several resolutions to be presented for shareholder approval at the company’s 77th Annual General Meeting (AGM), scheduled for December 3, 2025, in Abuja.
According to its corporate calendar, the proposed remuneration covers the financial year ending May 31, 2026.
Board Elections and Reports
PZ Cussons also disclosed plans concerning the election and re-election of directors. Shareholders will be asked to approve the re-election of Mrs. Ifueko M. Omoigui Okauru (MFR), Dr. Suleyman A. Ndanusa (OFR), and Mr. Dimitris Kostianis, as well as the election of Chief Anthony Idigbe (SAN, PhD) and Mr. Richard Walker as new directors.
The company will also present its Directors’ Reports, the audited Financial Statements for the year ended May 31, 2025, showing a profit of N16.6 billion, and the reports of the Auditors and Audit Committee.
Financial Performance
PZ Cussons Nigeria Plc released its audited results for FY2025 in early September, reporting a pre-tax profit of N16.6 billion, a remarkable turnaround from a loss of N122.4 billion in 2024.
The rebound was driven by higher revenues and a sharp reduction in foreign exchange losses. Revenue rose to N212.6 billion from N152.2 billion in 2024, led by the home and personal care segment at N126 billion, while durable electronic appliances contributed N86.5 billion.
The most notable improvement came from foreign exchange losses, which dropped from N157.9 billion in 2024 to just N7.7 billion in 2025. This turnaround helped the group achieve an operating profit of N18.9 billion, recovering from the previous year’s N124.4 billion loss.
Momentum continued into the first quarter of FY2026, ended August 31, 2025, with profit before tax of N21.54 billion, compared to a loss of N5.22 billion in the same period last year. Profit after tax stood at N13.48 billion, up from a loss of N4.64 billion in Q1 2024.
Market Performance
PZ Cussons’ shares have gained over 58% year-to-date on the Nigerian Exchange (NGX).
The stock opened 2025 at N24.30 and, after a 5.35% decline in January, rebounded strongly in February, surging 53% to N35.40.
Although it fell 21.8% in April, pushing prices below N30, modest recoveries in May and a 28% rally in June lifted the stock’s half-year performance to 56.38%.
While trading has remained relatively stable in the second half of the year, PZ Cussons shares currently trade around N38.50, maintaining strong upward momentum and investor confidence in its recovery story.
