BUA Foods posts 95% profit growth to US$373.25M as revenue hits US$1.27B in 2025
BUA Foods delivers strong 2025 financial performance with rising revenue, higher profits, improved liquidity, and a significant dividend increase driven by operational efficiency.
NIGERIA – BUA Foods Plc has reported a 16% increase in net revenue to ₦1.77 trillion (US$1.27 billion) for the financial year ended December 31, 2025, compared to ₦1.53 trillion (US$1.10 billion) in 2024.
Profit after tax rose sharply by 95% to ₦518.4 billion (US$373.25 million), reflecting improved operational efficiency across its sugar, flour, pasta, and rice businesses.
Cost of sales increased to ₦1.04 trillion (US$748.80 million) from ₦987.10 billion (US$710.71 million) but grew at a slower pace than revenue. As a result, gross profit climbed to ₦737.26 billion (US$530.83 million) from ₦540.82 billion (US$389.39 million).
Operating profit rose to ₦656.61 billion ($472.76 million) from ₦472.10 billion ($339.91 million), supported by strong revenue performance and controlled operating expenses.
Finance costs declined significantly to ₦146.94 billion ($105.80 million) from ₦203.20 billion ($146.30 million), while net finance costs dropped to ₦135.08 billion ($97.26 million) from ₦187.78 billion ($135.20 million), contributing to higher profitability.
Chairman Abdul Samad Rabiu said the results highlight the company’s strategic direction.
“The results demonstrate the strength of BUA Foods’ growth strategy, and the dividend increase reflects our commitment to delivering enhanced value to shareholders while continuing to invest in our business,” he said.
Managing Director Ayodele Musibau Abioye said the company remains focused on sustaining growth through key initiatives. “We remain focused on expanding capacity, deepening market penetration and strengthening our supply chain to sustain growth,” he said.
BUA Foods stated that its financial position remains strong, supported by continued investment across its operations and value chain, alongside improved cost management and efficiency.
The company added that it is well-positioned to sustain its growth trajectory and contribute to food security and economic development in Nigeria and across West Africa.
Total assets increased to ₦1.39 trillion ($1.00 billion) from ₦1.10 trillion ($792.00 million), driven by higher trade receivables and related party balances. Cash and bank balances rose to ₦56.36 billion ($40.58 million) from ₦31.31 billion ($22.54 million), reflecting improved liquidity.
Trade receivables and other assets increased to ₦101.89 billion ($73.36 million) from ₦18.35 billion ($13.21 million), while amounts due from related parties rose to ₦753.75 billion ($542.70 million) from ₦547.39 billion ($394.12 million).
Inventories declined to ₦81.38 billion ($58.59 million) from ₦118.40 billion ($85.25 million), indicating improved inventory turnover and supply chain efficiency.
The board proposed a dividend of ₦28 per share, up from ₦13 per share in 2024, representing a 115% increase and a total payout of ₦504 billion.
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