BUA Foods Plc reports 95% profit increase to US$375M in stellar FY 2025
This growth underscores the company’s resilience and strategic expansion within the Nigerian and regional food markets despite a complex macroeconomic environment.
NIGERIA – BUA Foods Plc has reported a 95% year‑on‑year increase in profit after tax to N518.4 billion (US$375.13M) for the year ended December 31, 2025, as demand across its core food categories underpinned a strong financial performance.
Revenue for the period rose by 16% to N1.77 trillion (US$1.28B), up from N1.53 trillion (US$1.11B) in 2024, driven by sustained consumer appetite for the company’s sugar, flour, pasta, and rice products.
The results reflect the group’s continued expansion of production capacity and distribution networks, as well as its focus on volume growth and pricing discipline in a competitive market.
The audited financial statements show that BUA Foods’ total assets grew by 27% to N1.39 trillion (US$1.01B), signaling ongoing investment across its milling, packaging, and logistics infrastructure.
The sharp jump in profit after tax comes against a backdrop of improved operational efficiencies and better cost management, which helped expand margins even as input‑cost pressures persisted in parts of the value chain.
The company attributed much of the growth to robust demand across its diversified portfolio, as households and institutional buyers continued to rely on branded staple foods.
In line with its shareholder‑value strategy, the board of BUA Foods has proposed a dividend of N28 (US$0.02) per share for the 2025 financial year, representing an 115% increase over the N13 (US$0.01) per share paid in 2024.
The total proposed dividend payout amounts to about N504 billion (US$364.57M), subject to approval at the 2026 Annual General Meeting, underscoring the group’s commitment to returning cash to investors while maintaining sufficient retained earnings for growth projects.
Management said the performance validates a multi‑year strategy of scaling operations, deepening market penetration, and leveraging vertical integration across its sugar, flour, and rice businesses.
Commenting on the results, the Chairman, Abdul Samad Rabiu, CFR, CON, said, “Our 2025 performance reflects the strength of our growth strategy and our ability to consistently scale revenue in a dynamic operating environment. The significant increase in our proposed dividend to ₦28 per share underscores our commitment to delivering enhanced value to our shareholders while continuing to invest in the future of the business.”
The Managing Director, Engr. Ayodele Musibau Abioye added, “Our focus remains on driving sustainable revenue growth through capacity expansion, market penetration, and improved end-to-end supply chain. The strong demand across our product categories reinforces our strategic direction, and we are well-positioned to build on this momentum.”
While profitability remained strong during the period, the Company’s performance was primarily driven by revenue expansion, supported by improved operational efficiencies, optimized cost structures, and effective supply chain management.
With strong fundamentals, improved profitability, and continued investment across its value chain, BUA Foods Plc remains well-positioned to sustain its growth trajectory while contributing to food security and economic development in Nigeria and other West African countries.
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