AGM Trading Statement
PZ Cussons PLC anticipates like-for-like revenue growth of approximately 9% for the first half of fiscal year 2026, driven by over 25% growth in Africa and 2% growth excluding Africa. Consequently, the company is raising its full-year adjusted operating profit guidance to £50-£55 million, up from £48-£53 million, with profits weighted towards the first half. The sale of its 50% stake in PZ Wilmar is on track for completion by year-end, and the strategic review of its Africa business is expected to conclude by the interim results on February 11th.
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Ahead of its Annual General Meeting which takes place today, PZ Cussons issues the following update on current trading.
Like-for-like ('LFL') revenue growth for H1 FY26 is expected to be c.9%. This primarily reflects growth of over 25% in Africa, driven by both price and volume with the majority of brands gaining share during the first half of the year. Excluding Africa, LFL revenue growth is expected to be c.2%.
As a result of this performance to date, the Group is today increasing its guidance for FY26 adjusted operating profit to a range of £50 to £55 million, compared to a range of £48 to 53 million previously. Adjusted operating profit is expected to be weighted towards the first half of the year, with an increase in marketing spend in the second half.
The transaction to sell the Group's 50% stake in PZ Wilmar remains on track to complete by the end of the calendar year.
The Group expects to announce the outcome of the strategic review of its Africa business by the time it reports FY26 interim results on Wednesday 11 February.
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