Lagos, Nigeria – BUA Foods Plc has reported an audited 2025 pre‑tax profit of N521.5 billion, an 83.4% rise from N284.3 billion in 2024. The jump in earnings comes on the back of robust revenue growth, with total sales climbing 16.15% to N1.7 trillion from N1.5 trillion the previous year.
Okay News reports that bakery flour and fortified sugar remained the main drivers, delivering N683.2 billion and N565.8 billion in sales, respectively. Non‑fortified sugar added N184.1 billion, while rice and bran contributed N96.5 billion and N36.8 billion. Total assets expanded 26.7% to N1.39 trillion, underpinned by retained earnings of N705.3 billion and equity of N713.4 billion.
The profit surge reflects both top‑line expansion and improved cost and financing discipline. Cost of sales rose to N1.03 trillion, lifting gross profit 36.3% to N737.3 billion, while operating profit climbed 39.1% to N656.6 billion. Administrative and selling‑and‑distribution expenses increased by 32.5% and 9.9%, respectively, but were more than offset by higher core earnings and other income of N484.8 billion, largely from scrap sales. Finance costs fell to N146.9 billion from N203.2 billion, partly due to lower foreign‑exchange losses, narrowing net finance cost to N135 billion from N187.7 billion.
After a tax expense of N3.1 billion, profit after tax reached N518.4 billion, up 94.9%, with earnings per share roughly doubling from N14.78 to N28.80. On the balance sheet, amounts due from related parties stood at N753.7 billion, and current borrowings slipped to N365.9 billion from N391 billion, bringing total liabilities to N674.3 billion. Investors have not yet fully priced the strength of the results, with BUA Foods shares trading nearly flat on the Nigerian Exchange, posting a year‑to‑date return of just 0.11%.
