PZ Cussons

PZC · Main Market · Personal Care, Drug and Grocery Stores · mcap £399m · 96.5p

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Financials · LTM to 31 May 26

Source: results 06 Aug 26 ↗

Revenue: £541m
Operating profit: £86.8m
Net income: £19.8m
Free cash flow: £21.2m
Net debt: £25.0m
Market cap: £414m
EV / EBIT: 5.1×
FCF yield: +5.1%
Price / book: 1.7×

Latest half-year · H1 Nov 25 vs H1 Nov 24 results 11 Feb 26 ↗

Revenue: £269m
Operating profit: £40.1m
Net income: £5.9m
Cash from operations: £7.0m

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

Income statement Cash flow Balance sheet

Annual Half-yearly

Latest report: FY May 26 (twelve months to 31 May 26), published 06 Aug 26 · read the results ↗

£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source

	FY May 26	FY May 25
Revenue	541.4	513.8
Gross profit	219.4	206.8
Adjusted EBITDA	72.0	66.5
Adjusted operating profit	59.5	54.9
Operating profit	86.8	20.6
Depreciation (owned assets)	–	8.0
Amortisation	4.1	4.1
Share-based payments	–	2.6
Finance costs	(12.8)	(18.0)
Profit before tax	77.4	6.5
Tax	(49.0)	(11.7)
Net income (owners)	19.8	(5.8)
EPS basic	4.7p	(1.4p)
EPS diluted	4.7p	(1.4p)
Dividend per share	3.7p	3.6p

	H2 May 26	H1 Nov 25	H2 May 25	H1 Nov 24
Revenue	272.1	269.3	264.5	249.3
Gross profit	110.4	109.0	103.3	103.5
Adjusted EBITDA	30.3	41.7	33.2	33.3
Adjusted operating profit	23.9	35.6	27.9	27.0
Operating profit	46.7	40.1	7.2	13.4
Depreciation (owned assets)	–	4.0	3.9	4.1
Amortisation	2.0	2.1	2.0	2.1
Share-based payments	–	2.1	1.5	1.1
Finance costs	(5.2)	(7.6)	(8.5)	(9.5)
Profit before tax	43.1	34.3	0.1	6.4
Tax	(25.8)	(23.2)	(9.5)	(2.2)
Net income (owners)	13.9	5.9	(10.8)	5.0
EPS basic	3.3p	1.4p	(2.6p)	1.2p
EPS diluted	3.3p	1.4p	(2.6p)	1.2p
Dividend per share	2.2p	1.5p	2.1p	1.5p

	FY May 26	FY May 25
Cash from operations	29.7	23.5
Interest paid	(10.0)	(14.9)
Tax paid	(21.1)	(10.8)
Capex (PP&E)	(6.1)	(6.9)
Lease principal paid	(2.4)	(3.5)
Dividends paid	(15.1)	(15.1)

	H2 May 26	H1 Nov 25	H2 May 25	H1 Nov 24
Cash from operations	22.7	7.0	13.2	10.3
Interest paid	(3.7)	(6.3)	(6.9)	(8.0)
Tax paid	(10.3)	(10.8)	(5.0)	(5.8)
Capex (PP&E)	(5.2)	(0.9)	(5.5)	(1.4)
Lease principal paid	(1.2)	(1.2)	(2.1)	(1.4)
Dividends paid	(6.3)	(8.8)	(15.1)	0.0

	FY May 26	FY May 25
Goodwill	–	253.9
Property, plant & equipment	44.0	43.4
Investment property	1.2	10.0
Inventories	78.8	70.0
Trade receivables	99.2	119.2
Cash	51.9	45.1
Current assets	231.3	244.2
Total assets	594.5	615.2
Trade payables	165.8	155.1
Borrowings, current	69.9	54.7
Lease liabilities, current	2.4	2.3
Current liabilities	277.0	240.3
Borrowings, non-current	7.0	102.4
Lease liabilities, non-current	10.5	12.6
Pension surplus / (deficit)	25.0	27.4
Total liabilities	352.4	401.7
Non-controlling interests	7.9	(6.2)
Total equity	242.1	213.5
Net cash / (debt) ex leases	(25.0)	(112.0)
Treasury shares	-29.1m	-32.0m
Undrawn facilities	193.1	167.5

	H2 May 26	H1 Nov 25	H2 May 25	H1 Nov 24
Goodwill	–	253.2	253.9	276.9
Property, plant & equipment	44.0	42.9	43.4	40.9
Investment property	1.2	11.7	10.0	7.0
Inventories	78.8	85.5	70.0	78.5
Trade receivables	99.2	133.2	119.2	104.7
Cash	51.9	49.9	45.1	46.4
Current assets	231.3	272.7	244.2	239.6
Total assets	594.5	644.3	615.2	659.7
Trade payables	165.8	171.8	155.1	174.9
Borrowings, current	69.9	69.7	54.7	0.0
Lease liabilities, current	2.4	2.3	2.3	1.6
Current liabilities	277.0	284.5	240.3	202.1
Borrowings, non-current	7.0	64.5	102.4	152.5
Lease liabilities, non-current	10.5	11.5	12.6	9.1
Pension surplus / (deficit)	25.0	29.3	27.4	33.1
Total liabilities	352.4	410.5	401.7	415.7
Non-controlling interests	7.9	(1.0)	(6.2)	(7.3)
Total equity	242.1	233.8	213.5	244.0
Net cash / (debt) ex leases	(25.0)	(84.3)	(112.0)	–
Treasury shares	-29.1m	–	-32.0m	–
Undrawn facilities	193.1	135.5	167.5	–

Line items extracted automatically from each results announcement; when a later report restates a period, the later figure is shown. LTM and H2 are calculated from reported periods. Check the source before relying on a figure.

Company filings. Not investment advice.