BUA Foods Plc, one of Nigeria’s leading fast-moving consumer goods companies, has reported a pre-tax profit of ₦156 billion for the third quarter of 2025, marking a 99.41% year-on-year (YoY) increase from the ₦78.46 billion recorded in Q3 2024.
The company’s unaudited financial results, released this week, reflect a robust performance across its product segments and a strong operational strategy.
This surge in quarterly profit has propelled BUA Foods’ nine-month pre-tax earnings to ₦433 billion, representing a 101% YoY growth compared to ₦216 billion during the same period last year. Revenue also saw a notable rise, with Q3 figures reaching ₦588.1 billion — a 34% YoY increase — while nine-month revenue climbed to ₦1.42 trillion, up 33% from ₦1.07 trillion in 2024.
The company attributed its strong top-line performance to increased sales in sugar (fortified and non-fortified), semolina, rice, wheat bran, and pasta. These categories continue to drive consumer demand, reinforcing BUA Foods’ position as a diversified food producer in Nigeria and across West Africa.
Despite a 15.5% YoY rise in cost of sales, which reached ₦326.91 billion due to higher raw material and energy costs, BUA Foods improved its gross profit by 57%, totalling ₦181.31 billion. Operating profit rose by 35% to ₦152.76 billion, while finance income surged by 523% to ₦5.93 billion. Finance costs dropped by 18.7% YoY, reflecting prudent debt management.
The company’s balance sheet remains strong, with total assets growing 13.4% YoY to ₦1.24 trillion as of 30 September 2025. Shareholders’ equity rose by 40% to ₦600.33 billion, driven by a 45.7% increase in retained earnings. Borrowings increased to ₦391.86 billion, up from ₦298.97 billion at the start of the year.
BUA Foods is currently the most valuable stock on the Nigerian Exchange (NGX), with a market capitalisation of ₦12.5 trillion, accounting for 12.8% of the entire NGX equity market. The stock closed at ₦692.50 on 30 October 2025, reflecting a 66.9% gain since January and a 10% rise over the past month.
