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.

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The company’s revenue for the nine-month period grew by 104% to N1.07 Trillion, a significant jump from the N524.42 billion reported in the same period last year. Gross profit surged by 82%, hitting N333.82 billion compared to N183.78 billion in 9M of 2023, further consolidating the company’s standing in Nigeria’s food manufacturing industry. Its profit after tax increased by 91% to hit N201.38 billion, rising from N105.61 billion during the comparable period, last year.

A key driver of this performance was a year-on-year increase of 73 percent in sugar sales to ₦544.4 billion, 160 percent in flour sales to ₦389.9 billion, and 131 percent in pasta sales to ₦134.8 billion reflecting the company’s commitment to creating long-term value for all stakeholders.

Operating expenses saw a 56% increase to ₦43.86 billion on the back of a rise in selling and distribution costs due to inflation.

The company’s strong financial performance positions the company to achieve one of its 2025 goals of becoming Nigeria’s biggest flour, and pasta milling company after signing strategic agreements with Turkish and Italian firms to increase its pasta production capacity to 900, 000 metric tonnes per annum and flour to 2.5 million metric tonnes per annum.

This impressive growth trajectory has been recognised with numerous accolades. Just last week, it emerged as the first Nigerian company to be honoured with the prestigious Company of the Year award at the 2024 All Africa Business Leaders Awards in partnership with CNBC in South Africa. Additionally, the company recently received the Most Valuable Indigenous Food Company of the Year award, the Customer-centric FMCG Corporate Brand of the Year award, while its IRS Premium Wheat Flour was named Flour Brand of the Year 2024.

Commenting on the results, the Managing Director of BUA Foods, Engr. (Dr.) Ayodele Abioye, said:

“We are thrilled to have sustained a remarkable growth trajectory, underscoring the impact of our strategy, innovative product development, and steadfast commitment to quality, even in the face of a challenging business climate”.

“Revenue grew by 104% to N1.07 Trillion compared to the same period last year, while our gross profit stands at N333.8 billion, reflecting a growth of 82%. We saw the benefits of our production capacity expansion and product innovation, as we witnessed an 11% growth in aggregate volume which has further strengthened our position within the industry”.

“Looking ahead, we will remain steadfast in addressing current food supply challenges by leveraging newly commercialised supply chain assets and partnerships across our business divisions.  We would maintain a focus on driving internal efficiencies for business growth towards delivering long-term shareholder value.

We thank our stakeholders, particularly our customers, and consumers for their love for the brand even as we continue to nourish lives”.

About BUA Foods

BUA Foods Plc is a leading food business with well-diversified and scalable operations producing sugar, flour, pasta, rice, and edible oils. Food security is the most important mission at the heart of  the company existence. It shapes the Company’s strategic direction and operational ethos towards fulfilling Africa’s food demands and improving the well-being of individuals and communities.

It owns strategically located plants across Nigeria and a cordial alliance with local stakeholders in host communities. Additionally, the company  is a resilient business built on a strong brand proposition and an operator with a well-known reputation for delivering high-quality products.

It  continues to invest in modern technology for efficient food production, innovatively expanding with strategic partners across the value chain.

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