BUA Foods Net Profit Rises By 14% To N142bn In Q1

BUA Foods Plc has posted a 14 per cent rise in profit after tax to N142.32 billion for the first quarter ended March 31, 2026.

The Company’s unaudited financial results for Q1, released on the Nigerian Exchange (NGX), showed moderate earnings growth and improved margins, underpinned by resilient operational performance despite external volatility.

Profit after tax increased by 14 per cent to N142.32 billion, compared to N125.28 billion in Q1 2025, reflecting the Company’s continued focus on cost discipline, operational efficiency, and value-driven execution.

Revenue for the period stood at N394.6 billion, a 11 per cent decline from N442.1 billion in the corresponding period of 2025, due to moderated pricing following the easing of inflationary pressures and a more stable foreign exchange environment.

Gross profit rose by nine per cent to N175.65 billion, while operating profit grew by 11 per cent to N154.6 billion in 2026 as against N138.9 billion in Q1 2025.

Also, operating profit margin appreciated by 800bps to 39 per cent in Q1 2026 higher than 31 per cent achieved in Q1 2025. Earnings per share increased by 14 per cent to N7.91, reinforcing continued value creation for shareholders. Total assets increased by 12 per cent to N1.555 trillion as of Q1 2026 from N1.387 trillion as at full year 2025 driven by capacity expansion.

Speaking on the results, the managing director, BUA Foods, Engr. Ayodele Abioye, said, “BUA Foods delivered resilient earnings in Q1 2026, underpinned by strong margin performance despite a challenging operating environment.

Profit after tax increased by 14 per cent year on year to N142.32 billion, notwithstanding an 11 per cent decline in revenue and modest volume growth.

“EBITDA rose by 11 per cent to N157.13 billion, reflecting effective cost containment, pricing discipline, and sustained margin expansion across core product portfolios.”

Looking ahead, Abioye added that “while geopolitical risks continue to impact energy markets and global supply chains, the business remains well positioned for growth. Supported by a resilient operating model and disciplined execution, BUA Foods is focused on delivering sustainable, long-term value for investors, shareholders, and other stakeholders.”

BUA Foods remains well-positioned to navigate prevailing economic conditions, leveraging its scale, integrated operations, and strong market position to sustain profitability. The Company will continue to focus on operational excellence, innovation, and strategic investments, reinforcing its commitment to delivering long-term growth and nourishing lives.