PZ Cussons Nigeria PLC's shares have experienced a significant surge of over 24% in February 2025, climbing from N23 to N29, as the company works to recover from a decline in 2024.
Key Point: The company's decision to convert $34.26 million of its outstanding loan into equity is expected to reduce debt and strengthen its balance sheet, contributing to the recent surge in its share price.
PZ Cussons Nigeria PLC has been working to recover from a challenging 2024, which saw its shares decline from N38 in March to below N20 in September. However, the company's shares began to recover in the fourth quarter of 2024, supported by a strong financial performance, which included:
- Revenue growth of 42% to N96.4 billion
- Significant reduction in pre-tax losses from N73.7 billion to N5.5 billion
The company's decision to convert a portion of its outstanding loan into equity is expected to further strengthen its balance sheet and support its ongoing recovery efforts.
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