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

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 £6.5 million in the financial year ended May 31, from a loss of £95.9 million a year prior.

Adjusted pretax profit fell 8.1% to £41.1 million from £44.7 million.

Revenue declined 2.7% to £513.8 million from £527.9 million.

Cost of sales reduced to £307.0 million from £396.8 million, while administrative costs came down to £106.4 million from £139.3 million.

The company said adjusted items cost regarding administrative expenses was £32.8 million in financial 2025, down from £59.6 million a year prior.

Further, there were no adjusted items regarding cost of sales in financial 2025, compared to £79.0 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 £54.9 million from £58.3 million.

For financial 2026, the company expects an adjusted operating profit between £48 million and £53 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.

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