PZ Cussons shares up as upgrades annual profit guidance; hails trading

PZ Cussons PLC on Wednesday upgraded its profit guidance for its recently ended financial year, after reporting continued strong trading.

The Manchester-based maker of Imperial Leather and Carex expects to report like-for-like annual revenue growth of around 6% for the financial year ended May 31, with reported revenue of about £540 million. For financial 2025, the firm had reported revenue of £513.8 million.

Adjusted operating profit is now expected to be at or slightly above the upper end of its £53 million to £57 million guidance range, helped by trading momentum and stability in the Nigerian naira. It is also up from an initial guidance of £48 million to £53 million. For financial year 2025, the firm had reported an adjusted operating profit of £54.9 million.

PZ Cussons expects net debt of less than £30 million as of May 31, down by at least 73% from £112.0 million a year prior, largely due to the sale of its 50% stake in PZ Wilmar.

Regarding its new financial year that started on June 1, the company said: ‘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.’

PZ Cussons will publish annual results on August 6.

PZ Cussons shares rose 6.8% to 97.63 pence each on Wednesday morning in London.

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