17th Jun 2026 09:33
(Alliance News) - 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 GBP540 million. For financial 2025, the firm had reported revenue of GBP513.8 million.
Adjusted operating profit is now expected to be at or slightly above the upper end of its GBP53 million to GBP57 million guidance range, helped by trading momentum and stability in the Nigerian naira. It is also up from an initial guidance of GBP48 million to GBP53 million. For financial year 2025, the firm had reported an adjusted operating profit of GBP54.9 million.
PZ Cussons expects net debt of less than GBP30 million as of May 31, down by at least 73% from GBP112.0 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.
By Tom Budszus, Alliance News slot editor
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