BUA Foods Plc recorded a sharp improvement in earnings in 2025, posting a profit after tax of N507.7bn, nearly double the N266.0bn reported a year earlier, as higher revenue and significantly lower finance costs lifted performance.
Financial statements filed with the Nigerian Exchange show that the group’s turnover rose by 17.9 per cent to N1.80tn in the year ended 31 December 2025, compared with N1.53tn in 2024. The revenue growth, alongside improved pricing and scale, helped offset rising production costs.
Cost of sales increased to N1.13tn from N987.1bn, pushing gross profit up to N672.2bn, from N540.8bn in the previous year. Operating profit also improved, rising to N565.4bn from N472.1bn, despite higher operating expenses.
Administrative expenses climbed to N40.46bn, while selling and distribution costs rose to N68.73bn, reflecting expanded operations and distribution reach. However, a major boost came from lower financing expenses, with net finance costs dropping sharply to N14.39bn from N187.8bn in 2024, largely due to reduced borrowing.
After accounting for foreign exchange losses of N16.1bn, profit before tax rose by 88 per cent to N534.9bn, compared with N284.3bn a year earlier.
At the company level, profit after tax stood at N322.5bn, up from N263.2bn, while earnings per share increased to 28.21 kobo from 14.78 kobo.
BUA Foods’ balance sheet also strengthened during the year. Total assets expanded to N1.39tn, driven by higher cash and short-term deposits, which rose to N844.2bn. Shareholders’ equity grew to N702.8bn, supported by retained earnings of N694.7bn.
Commenting on the performance, Managing Director Ayodele Abioye said the company’s strong supply chain and operational efficiency continued to support growth. Acting CFO Michael Ehimah added that energy diversification and supply chain optimisation helped manage rising input costs.
BUA Foods ended 2025 as the most capitalised company on the Nigerian Exchange, with a market value exceeding N14tn, reinforcing investor confidence in the consumer goods giant.
