BUA Foods attributed its strong performance to sustained investments in production capacity and an aggressive expansion of its nationwide distribution network.
This growth underscores the company’s resilience and strategic expansion within the Nigerian and regional food markets despite a complex macroeconomic environment.
The appointment places Khalifa at the center of efforts to optimize procurement, strengthen supply chains and drive cost efficiencies across one of Nigeria’s largest listed companies.
Total assets climbed to N1.39 trillion, up 26 per cent on 2024, driven by growth in current assets, including cash and receivables, as well as strategic reinvestment of earnings.
The investment is expected to accelerate growth in the company’s rice business and increase rice’s contribution to revenue.