PZ Cussons (PZC) Q4 2026 TU earnings summary

Executive summary

• Expects like-for-like revenue growth of approximately 6% for FY26, with reported revenue around £540 million.

• Growth achieved across all four lead markets: UK, ANZ, Nigeria, and Indonesia.

Financial highlights

• FY26 adjusted operating profit anticipated at or slightly above the upper end of the £53-57 million range, upgraded from initial guidance of £48-53 million.

• Net debt projected to be less than £30 million, a reduction of over £80 million from FY25, mainly due to the sale of a 50% stake in the PZ Wilmar joint venture.

Outlook and guidance

• Management has taken actions to offset most cost inflation risks related to Middle East conflict for FY27.

• Ongoing financial guardrails are reducing sensitivity to Naira volatility.