PZ Cussons Nigeria Plc (NGX:PZ)

PZ Cussons Nigeria Cash Flow Statement

Financials in millions NGN. Fiscal year is June - May.

Operating Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 31, 2026	May 31, 2026	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022
Net Income	34,130	43,164	9,208	-82,702	12,893	5,970
Depreciation & Amortization	2,660	2,494	1,890	1,916	2,050	2,471
Other Amortization	105.96	105.96	105.96	105.96	105.96	105.96
Loss (Gain) From Sale of Assets	-26,759	-38,666	-6.53	-2.04	-5,944	-8,865
Asset Writedown & Restructuring Costs	264.5	264.5	155.91	-	-	3,362
Provision & Write-off of Bad Debts	-20.52	-	-	-	-	149.05
Other Operating Activities	17,767	17,933	13,127	-11,303	5,225	10,052
Change in Accounts Receivable	3,865	-6,029	4,672	-6,329	-3,206	1,504
Change in Inventory	-13,252	-7,773	-12,652	-11,797	-2,157	-5,864
Change in Accounts Payable	5,863	8,983	14,547	14,518	13,871	8,683
Change in Unearned Revenue	-435.04	-1,229	1,294	1,570	-775.86	634.74
Change in Other Net Operating Assets	13,968	10,788	8,322	-14,007	-4,124	234.12
Operating Cash Flow	38,159	30,037	40,663	-108,030	17,939	18,436
Operating Cash Flow Growth	27.30%	-26.13%	-	-	-2.70%	59.40%

Investing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 31, 2026	May 31, 2026	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022
Capital Expenditures	-5,087	-5,070	-4,992	-2,954	-911.18	-725.26
Sale of Property, Plant & Equipment	20,443	32,487	6.78	3.39	6,537	9,841
Other Investing Activities	942.27	889.3	977.47	6,108	5,233	836.14
Investing Cash Flow	16,679	28,687	-3,662	3,158	10,859	14,952

Financing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 31, 2026	May 31, 2026	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022
Short-Term Debt Issued	-	-	-	37,672	5,277	-
Long-Term Debt Issued	-	-	2,900	4,500	17,032	-
Total Debt Issued	2,000	-	2,900	42,172	22,309	-
Long-Term Debt Repaid	-	-59,306	-24,828	-22,967	-96.12	-140.66
Lease Payments	-11.52	-11.52	-96.12	-96.12	-96.12	-140.66
Total Debt Repaid	-48,587	-59,306	-24,828	-22,967	-96.12	-140.66
Net Debt Issued (Repaid)	-46,587	-59,306	-21,928	19,205	22,213	-140.66
Issuance of Common Stock	-	-	-	14,294	-	-
Common Dividends Paid	-	-	-	-	-1,072	-992.62
Other Financing Activities	-923.3	-965.44	-3,534	-3,941	-334.96	-8.94
Financing Cash Flow	-47,510	-60,271	-25,462	29,557	20,806	-1,142

Net Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 31, 2026	May 31, 2026	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022
Foreign Exchange Rate Adjustments	444.78	1,650	251.42	2,562	-97.8	15.26
Net Cash Flow	7,772	102.65	11,791	-72,754	49,506	32,261

Free Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 31, 2026	May 31, 2026	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022
Free Cash Flow	33,072	24,967	35,671	-110,984	17,028	17,710
Free Cash Flow Growth	32.42%	-30.01%	-	-	-3.85%	69.66%
Free Cash Flow Margin	12.42%	9.59%	16.78%	-72.90%	14.94%	17.80%
Free Cash Flow Per Share	8.33	6.29	8.98	-27.95	4.29	4.46
Levered Free Cash Flow	-21,210	-24,641	29,657	-11,311	23,040	24,124
Unlevered Free Cash Flow	-20,633	-24,038	31,928	-8,750	23,250	24,130
Free Cash Flow After Leases	33,060	24,956	35,574	-111,080	16,932	17,570

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 31, 2026	May 31, 2026	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022
Cash Interest Paid	923.3	965.44	3,633	4,098	334.96	8.94
Cash Income Tax Paid	8,279	8,239	370.89	8,042	2,402	1,244
Change in Working Capital	10,010	4,741	16,183	-16,046	3,608	5,192

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 15, 2026

Data Sources Report a data error