BUA Foods PLC, a leading food manufacturing conglomerate in the West African subregion, has released its unaudited financial results for the year ended 31 December 2025. The results showed strong performances in key financial metrics, in line with market expectations. The Group’s combined revenue for the period was N1.80 trillion, an 18% increase over the N1.53 trillion achieved in full year 2024.
The results, released on Thursday, showed that gross profit grew by 24% to N672.16 billion as against the N540.82 billion achieved in FY2024. Profit after tax grew by an impressive 91% to N507.73 billion as against N265.99 billion achieved in the corresponding period of 2024. Total assets also grew to N1.39 trillion, an increase of 26% over the 2024 figure of N1.09 trillion. The robust performance was driven by growth in key product segments underpinned by improving consumer demand, the company said.
Cost of sales grew by 15% to N1.13 trillion as against N987.10 billion in 2024, largely driven by raw material cost. Higher revenue, however, moderated the high cost of sales, thereby boosting the gross profit and margin.
The company’s foreign exchange position improved significantly from a loss of N172.30 billion in 2024 to N16.09 billion in 2025, a 90.66% reduction, driven by a relatively stable foreign exchange market.
“The 2025 financial year reflected strong operational execution and a solid financial performance for BUA Foods Plc. The Group recorded revenue of ₦1.8 trillion, representing an 18% year-on-year increase, driven by robust volume growth across core product categories, effective pricing initiatives, and an enhanced product mix. Profitability improved significantly during the year, with Profit After Tax increasing by 91% and EBITDA reaching ₦575 billion, reflecting sustained operational efficiencies, margin expansion, and prudent cost management.” said the Managing Director, BUA Foods, Engr. Ayodele Abioye.
According to the MD, the company’s market position, both domestic and regional, remains strong due to its solid supply chain efficiency and effectiveness.
“For us, generally, we continue to drive operational efficiency, product quality, and customer satisfaction as we maintain a very disciplined expansion strategy while navigating the ever-evolving economic landscape,” Abioye said.
“By diversifying our energy sources and enhancing supply chain efficiency, we were able to cushion the impact of escalating input costs. As we look ahead to 2026, our priority is to preserve a healthy balance sheet while funding key growth initiatives,” noted Acting Chief Financial Officer, Michael Ehimah.
The outlook for 2026, according to BUA Foods management, is one of optimism as the company continues to ramp up efforts to complete its sugar backward integration programme, which is expected to present the company with the opportunity to refine over 220,000 metric tons of sugar in its first phase, while maintaining focus on its expansion strategy across its business divisions.
“Looking ahead, BUA Foods remains focused on margin preservation within a competitive operating environment while advancing its ongoing business expansion projects. Our Board and Management remain confident in the Company’s strong fundamentals and its ability to deliver sustainable long-term value to shareholders,” the MD assured.
BUA Foods ended the 2025 financial year as the most valued company on the NGX with a market capitalisation in excess of N14 trillion, a reflection of strong investor confidence and operational performance in the consumer goods sector.
