The top 10 consumer goods companies recorded a total cash and cash equivalents balance of N616.1 billion in 2025, reflecting the amount of cash held in bank accounts and forming a key part of current assets.
This represents a 29.8% increase from N474.7 billion in the prior year, translating to a N141.3 billion gain and reflecting stronger liquidity positions across the sector.
As liquidity improved, financing pressures eased significantly, with net finance costs declining to N395.3 billion from N1.17 trillion in 2024, while combined pretax profit swung to N1 trillion from a loss of N271.6 billion.
Cash in the bank refers to funds readily accessible by a company, whether held in bank accounts or short-term deposits, serving as a key indicator of financial flexibility.
In corporate reporting, this is captured under “cash and cash equivalents” on the balance sheet, covering both physical cash and near-cash investments convertible within a short period.
In this report, we highlight the top 10 consumer goods companies with the highest cash balances in their 2025 financial year, regardless of reporting month, offering insight into liquidity strength and balance sheet resilience across the sector.
PZ Cussons Nigeria ranks 8th with cash and cash equivalents of N40.65 billion, up from N28.86 billion in the prior year, according to its FY2025 audited results.
Cash in the bank accounted for 34.33% of current assets, which stood at N118.4 billion, while total assets rose to N168.9 billion from N157.05 billion previously.
- Inventory increased to N53.4 billion from N40.8 billion, and together with its cash position, this resulted in a quick ratio of 0.35 compared to 0.36 a year earlier.
The group returned to profitability, with operating income rebounding to N18.9 billion from a loss of N124.4 billion, while pretax profit improved to N16.6 billion from a loss of N122.4 billion.
Retained losses eased to N38.7 billion from about N48 billion, while net cash generated from operations strengthened significantly to N40.6 billion, reversing an outflow of N108 billion in the prior year.
