The company’s unaudited results released to the Nigerian Exchange Ltd. (NGX) show gross profit climbed 56 %, while profit before tax surged 101 %.
Flowers Foods delivered modest revenue growth in Q3 2025, supported by acquisitions, but faced profitability pressures amid consumer challenges and higher interest costs.
Earnings in the Agriculture segment fell by US$97 million to US$245.7 million, reflecting pressure from “unfavorable global market dynamics.”
In the country, the oilseed is also one of the leading agricultural exports, along with cotton and cashew nuts.
The shutdown of these Orlando facilities is scheduled for May 2026.