Trading Update
PZ Cussons plc anticipates reporting like-for-like revenue growth of approximately 6% for the year ended 31 May 2026, with reported revenue around £540 million, driven by broad-based performance across its four lead markets. The company has upgraded its FY26 adjusted operating profit guidance to be at or slightly above the upper end of the previously stated £53-57 million range, an increase from the initial £48-53 million. Net debt is expected to be below £30 million, a reduction of over £80 million from FY25 due to the sale of its stake in the PZ Wilmar joint venture, and the Group has implemented measures to mitigate Naira volatility.
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PZ Cussons plc ("PZ Cussons" or "the Group") today issues a trading update for the year ended 31 May 2026.
The Group expects to report like for like revenue growth of c.6% for FY26, with reported revenue of c.£540 million. Performance continues to be broad-based, with growth across each of our four lead markets.
Reflecting continued strong trading and ongoing stability in the Nigerian Naira, the Group now expects to report FY26 adjusted Operating Profit at, or slightly above, the upper end of the previously guided range of £53-57 million. This compares to an initial guidance range of £48-53 million provided at the start of the financial year.
Net debt is expected to be less than £30 million[1]. This represents a reduction of over £80 million compared to FY25, driven primarily by the sale of the 50% stake in the PZ Wilmar joint venture. In addition, the financial guardrails which management are embedding to mitigate volatility in Nigeria have continued to reduce the Group's sensitivity to future movements in the Naira.
Looking ahead to FY27, the Group is mindful of the potential impact of the conflict in the Middle East and has already taken actions which are expected to offset a large majority of any cost inflation.
The Group will report FY26 results on 6 August 2026.
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