There is light at the end of the tunnel for the shareholders of PZ Cussons Plc as the consumer goods firm returned to the path of profitability, thanks to a significant reduction in foreign exchange revaluation losses.
The maker of Imperial Leather soap and Carex handwash posted a profit after tax (PAT) of N5.53 billion for the year ended May 2025 from a loss after tax of N27.50 billion as at the year ended May 2024.
Sales were up 39.66 percent to N212.63 billion in the period under review from N152.24 billion as at year ended May 2024 as the company rides on a hike in the price of key products to help mitigate the effects of rising input costs.
Of course, the impressive performance at the bottom line (profit) was largely driven by a 95.01 percent reduction in foreign exchange revaluation loss to N157.91 billion.
The company had been struggling with exceptional losses caused by the unexpected devaluation of the Nigerian Naira, which is today weaker than 70 percent two year ago.
PZ Cussons posted operating profit of N17.31 billion in 2025 from operating loss of N127.43 billion.
Consumer good firms have reverted to the path of profitability as there has been a gradual stability on the foreign exchange market that vindicates the current administration’s adoption of a flexible foreign exchange regime is yielding fruits.
However, the big elephant in the room remains the spiraling cost of production brought on by imported inflation. Manufacturers bring in raw materials from abroad to meet production.
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