PZ Cussons shares rise as swings to annual profit; confident long-term

(Alliance News) - PZ Cussons PLC on Wednesday said it delivered operational improvements through 2025 as it reported a statutory annual pretax profit and an unchanged dividend.

The Manchester-based consumer goods firms behind Imperial Leather and Carex said it swung to a pretax profit of GBP6.5 million in the financial year ended May 31, from a loss of GBP95.9 million a year prior.

Adjusted pretax profit fell 8.1% to GBP41.1 million from GBP44.7 million.

Revenue declined 2.7% to GBP513.8 million from GBP527.9 million.

Cost of sales reduced to GBP307.0 million from GBP396.8 million, while administrative costs came down to GBP106.4 million from GBP139.3 million.

The company said adjusted items cost regarding administrative expenses was GBP32.8 million in financial 2025, down from GBP59.6 million a year prior.

Further, there were no adjusted items regarding cost of sales in financial 2025, compared to GBP79.0 million in financial 2024.

PZ Cussons declared an unchanged final dividend of 2.10 pence per share, bringing the total annual payout to 3.60p, flat from a year prior.

Adjusted operating profit fell 5.8% to GBP54.9 million from GBP58.3 million.

For financial 2026, the company expects an adjusted operating profit between GBP48 million and GBP53 million.

Looking ahead, Chief Executive Officer Jonathan Myers said: "We know there is more to do to fully transform PZ Cussons into a business with stronger brands in a more focused portfolio, delivering sustainable, profitable growth. With the strategic actions and operational improvements delivered through 2025, we are confident in the long-term potential for PZ Cussons."

PZ Cussons shares rose 12% to 74.20 pence each on Wednesday morning in London.

By Tom Budszus, Alliance News slot editor

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