BUA Foods’ Net Profit Soars By 101% To N405bn In 9 Months

BUA Foods Plc has announced a significant increase in its net profit, soaring by 101 per cent to N405 billion in the first nine months ended September 30, 2025.

The company’s unaudited financial results released on the Nigerian Exchange showed an outstanding revenue growth; increased volume and improved product mix were largely responsible for the continued solid financial performance across the company’s core business segments.

The Company recorded a revenue growth of 33 per cent to N1.42 billion, reflecting sustained momentum across all business segments in contrast to the previous year (N1.07 trillion). Overall revenue increased by 33 per cent, with Flour and Rice growing significantly. Revenue from the Sugar and Flour divisions contributed 42 per cent to total revenue in the nine months of 2025, primarily driven by increased sales volume. The Pasta division contributed 10 per cent to revenue.

Accelerated by increased market demand, Pasta revenue grew by 12 per cent to N150.5 billion in nine months 2025 as against N134.8 billion in 2024. The Rice division contributed six per cent to revenue, with revenue increasing to N79.5 billion. These numbers underscore the company’s continued commitment to scaling operations, strengthening productivity, and delivering consistent value to stakeholders.

The company’s gross profit is up 55.97 per cent to N520.65 billion. Profit after tax grew by 101.2 per cent to N405.27 billion during the period reviewed, while earnings per share (EPS) increased by 101.2 per cent to N22.52.

Speaking on the nine-month financials, the managing director of BUA Foods, Ayodele Abioye, said, “BUA Foods has once again demonstrated resilience and strategic agility. Our nine-month 2025 performance, highlighted by double-digit revenue growth and a 101 per cent year-on-year increase in profit after tax to N405 billion, underscores a sustained growth trajectory supported by ongoing economic reforms and a progressively more stable business environment.”

He noted, “Amid an improving operating backdrop, we delivered another solid quarter of progress. We remain focused on executing our strategic priorities, deepening end-to-end integration across the value chain and harnessing the expertise and commitment of our Board and employees to sustain value creation.

We are particularly grateful to all our stakeholders, supply-chain partners and, most importantly, our customers for their continued trust and support.”