**Summary of PZ Cussons PLC Final Results for the Year Ended 31 May 2025**
PZ Cussons PLC reported its final results for the fiscal year 2025, highlighting continued progress against its strategic goals despite challenging market conditions. The company focused on driving operational performance, transforming its business, and simplifying its portfolio.
**Financial Highlights**
**Revenue** £513.8 million, a 2.7% decline from FY24, primarily due to adverse foreign exchange movements. Like-for-like (LFL) revenue growth was 8.0%, driven by pricing in Africa and strong brand activity in the UK and Indonesia.
**Operating Profit** £54.9 million (adjusted), a 5.8% decrease from FY24. Excluding the PZ Wilmar joint venture, operating profit grew by 0.4%.
**Profit Before Tax** £41.1 million (adjusted), an 8.1% decline from FY24.
**Basic Earnings Per Share (EPS)** 7.34p (adjusted), an 8.5% decrease from FY24.
**Dividend** Maintained at 3.60p per share.
**Strategic Progress**
1. **UKIndonesiaand ANZ Performance:**
**UK** Stronger profit performance driven by innovation, improved commercial execution, and successful seasonal gifting campaigns.
**Indonesia** Fifth consecutive quarter of revenue growth, with a doubling of e-commerce revenue and strong performance in the Telon warming oil segment.
**ANZ** Continued market share gains in key brands like Morning Fresh, Raffertys Garden, and Radiant.
2. **Brand-Building and Operational Model:**
Integrated UK Personal Care and Beauty businesses, delivering £3 million in annualized savings.
Strengthened brand-building capabilities through centralized R&D and a refreshed brand-building framework.
Launched significant innovations for FY26 across key brands.
3. **Portfolio Transformation**
Announced the sale of a 50% stake in PZ Wilmar for $70 million, reducing debt and improving financial metrics.
Decided to retain St.Tropez, setting a new strategic direction and partnering with The Emerson Group to revive the brand in the US.
Continued review of the African business.
**Sustainability**
Achieved carbon neutrality across global operations, including Africa, in line with the 2025 target.
Reported a 31% reduction in Scope 1, 2, and 3 emissions compared to the 2021 baseline.
Reduced virgin plastic intensity by 12.5% and increased recyclable packaging to 86.1%.
**Current Trading and Guidance**
FY26 trading in line with expectations, with Group LFL revenue growth of 10% driven by Africa (39%) and APAC (7%). Europe and Americas are expected to decline by 2% due to challenging conditions in St.Tropez.
Adjusted operating profit guidance for FY26 is £48-53 million, excluding PZ Wilmar.
Net debt is expected to reduce significantly, supported by proceeds from the PZ Wilmar sale and asset disposals.
**Conclusion**
PZ Cussons demonstrated resilience and progress in FY25, despite external challenges. The company remains focused on its strategic priorities, including brand strengthening, operational efficiency, and portfolio optimization, to drive sustainable, profitable growth in the long term.