BUA Foods Plc has proposed a record final dividend of ₦28.00 per ordinary share for the 2025 financial year, translating to a total shareholder payout of approximately ₦504 billion. The proposed distribution, subject to shareholder approval at the company’s 5th Annual General Meeting (AGM) scheduled for July 15, 2026, marks the highest dividend declaration in the company’s history.
The proposed dividend represents a 115% increase from the ₦13.00 per share paid for the 2024 financial year, underscoring the company’s robust earnings growth and commitment to delivering superior returns to investors.
The generous payout follows an impressive financial performance in 2025, with BUA Foods reporting revenue of ₦1.77 trillion, a 16% increase year-on-year, reflecting sustained demand across its core product categories, including flour, sugar, pasta and rice.
Even more striking was the company’s bottom-line performance. Profit after tax climbed 95% to ₦518.4 billion, highlighting stronger operating efficiency, improved margins and resilient consumer demand despite Nigeria’s challenging macroeconomic environment, characterised by elevated inflation, currency volatility and high production costs.
The proposed dividend implies that the company is returning the vast majority of its annual earnings to shareholders, reinforcing management’s confidence in the strength of its balance sheet, cash generation capacity and long-term growth strategy.
For investors, the announcement further strengthens BUA Foods’ position as one of the Nigerian Exchange’s leading dividend-paying companies. Consistent earnings growth and an attractive dividend policy remain key considerations for institutional and retail investors seeking stable income in an uncertain economic climate.
The record payout also reflects the broader resilience of Nigeria’s consumer goods sector. While many manufacturers continue to grapple with rising input costs and weaker consumer purchasing power, leading companies with diversified operations and strong market positions have demonstrated an ability to preserve profitability through operational efficiencies and strategic pricing.
Shareholders will vote on the proposed dividend during the AGM on July 15, 2026. If approved, eligible investors on the company’s register will receive the cash distribution in accordance with the timetable outlined by the board.
Market analysts are expected to view the announcement positively, as the combination of strong revenue growth, sharply higher profitability and a record dividend signals confidence in BUA Foods’ financial outlook. Investors will now be watching closely to see whether the company can sustain its earnings momentum in 2026 amid evolving economic conditions and continued reforms in Nigeria’s business environment.
