BUA Foods Plc has reported a strong financial performance for the half year ended June 30, 2025, posting a significant boost in revenue and profitability, rising by 36 per cent to ₦912.5billion, up from ₦672.3billion reported in the corresponding period of 2024.
The growth was driven by a notable increase in sales volume and a strategic focus on high-performing product segments across its diversified portfolio.
The company also posted a remarkable 98 per cent surge in profit after tax, which jumped from ₦130.9 billion in H1 2024 to ₦260.07b in H1 2025. Profit before tax doubled, rising by 101 per cent to ₦276.1b, compared to ₦137.19b recorded in the same period last year.
BUA Foods maintained operational efficiency, with finance costs dropping by 12.3 per cent to ₦9.13b. Despite a sharp 94 per cent increase in selling and distribution expenses, overall profitability remained strong. Total operating expenses rose by 93 per cent from ₦28.44b in H1 2024, reflecting increased costs associated with scaling up operations and distribution.
Earnings per share also recorded a significant improvement, growing by 99 per cent from ₦7.27 in the first half of 2024 to ₦14.45 in H1 2025, indicating robust returns for shareholders.
Commenting on the performance, the Managing Director, Engr. Ayodele Abioye, said: “We are encouraged by the sustained performance recorded in the second quarter of 2025, amidst an improving macroeconomic environment. Key indicators such as inflation and exchange rate volatility continue to shape consumer behaviour and operational choices. Nevertheless, our resilient business model has enabled us to deliver consistent topline and bottom-line growth.”
He added that the company remains focused on consolidating its market position through strategic investments, innovation, and an integrated supply chain system that enhances agility and responsiveness.
“Our outlook for the rest of 2025 is positive. We will continue to prioritize sustainable growth, maintain affordability for our customers, and deepen our contribution to addressing the nation’s food security challenges. We appreciate the trust and dedication of all our stakeholders,” Abioye said.
BUA Foods operates a highly diversified and scalable food production business across Nigeria. Its portfolio includes sugar, flour, semolina, pasta, rice, and edible oils, supported by state-of-the-art manufacturing facilities strategically located nationwide.
He said the company has continued to invest in modern technology, foster innovation, and build strategic partnerships to improve efficiency and expand market reach. With its strong fundamentals and value-driven approach, Abioye said BUA Foods is well-positioned to sustain its growth trajectory in the evolving food industry landscape.
