BUA Foods profit after tax surges 91% in 2025 on higher turnover, lower finance costs 

NIGERIA – BUA Foods Plc has reported a profit after tax of N507.7 billion (US$317.3 million) for the year ended 31 December 2025, representing a 91 per cent increase from N266.0 billion (US$166.3 million) recorded in 2024, supported by higher turnover, improved gross profit, and controlled operating expenses. 

According to the Statement of Profit or Loss and Other Comprehensive Income filed on the Nigerian Exchange, the group’s turnover rose to N1.80 trillion (US$1.13 billion) in 2025 from N1.53 trillion (US$956.3 million) in 2024, reflecting a 17.9 per cent year-on-year increase. 

Cost of sales increased to N1.13 trillion (US$706.3 million) from N987.1 billion (US$616.9 million), resulting in a gross profit of N672.2 billion (around US$420.1 million), up from N540.8 billion (US$338.0 million) in the previous year. 

Operating profit for the year stood at N565.4 billion (US$353.4 million), compared with N472.1 billion (US$295.1 million) in 2024.  

Administrative expenses rose to N40.46 billion (US$25.3 million) from N28.56 billion (US$17.9 million), while selling and distribution expenses increased to N68.73 billion (US$43.0 million) from N40.26 billion (US$25.2 million). 

Net finance costs declined significantly to N14.39 billion (US$9.0 million) from N187.8 billion (US$117.4 million) in 2024, largely due to reduced borrowing costs. The group also recorded foreign exchange losses of N16.1 billion (US$10.1 million), which impacted overall profitability. 

Profit before tax rose to N534.9 billion (US$334.3 million), up from N284.3 billion (US$177.7 million) in 2024, representing an 88 per cent year-on-year increase. 

For the standalone company, profit after tax reached N322.5 billion (US$201.6 million), compared with N263.2 billion (US$164.5 million) in 2024, while earnings per share increased to 28.21 kobo from 14.78 kobo. 

On the balance sheet, BUA Foods Group’s total assets grew to N1.39 trillion (around US$868.8 million) from N1.10 trillion (approximately US$687.5 million), driven mainly by current assets.  

Cash and short-term deposits rose to N844.2 billion (US$527.6 million) from N547.4 billion (US$342.1 million), while non-current assets, including property, plant, and equipment, stood at N394.9 billion (US$246.8 million). 

Commenting on performance, Managing Director Ayodele Abioye said the company’s market position “remains strong due to its efficient and effective supply chain.”  

He added, “For us, we continue to drive operational efficiency, product quality, and customer satisfaction while maintaining a disciplined expansion strategy in an evolving economic landscape.” 

Acting Chief Financial Officer Michael Ehimah said diversifying energy sources and improving supply chain efficiency helped cushion rising input costs, adding that maintaining a healthy balance sheet while funding growth initiatives “will remain a priority in 2026.” 

Looking ahead, BUA Foods plans to complete its sugar backward integration programme, which is expected to enable the refining of over 220,000 metric tonnes of sugar in the first phase, alongside continued expansion across other business divisions. 

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