BUA Foods Posts ₦507.7bn Profit as Strong Sales Offset Rising Costs

BUA Foods Plc has closed the 2025 financial year with a strong performance, posting a 91 per cent increase in Profit After Tax to ₦507.7 billion, underscoring its resilience in Nigeria’s challenging consumer goods market.

The food manufacturing company also recorded a 17.8 per cent rise in revenue to ₦1.8 trillion, driven by robust demand for staple food products despite inflationary pressures, foreign exchange volatility and higher production costs across the sector.

A significant portion of the growth came from BUA Foods’ expanding product portfolio, particularly its rice business, which recorded a surge of over 1,600 per cent in revenue to ₦95.6 billion. The company attributed the performance to increased production capacity and a broader distribution network.

Flour remained a major revenue driver, with sales rising to ₦704.7 billion, while sugar and pasta continued to record steady performance, supported by consistent consumer demand nationwide.

Managing Director of BUA Foods, Ayodele Abioye, said the company’s results reflected disciplined execution and a clear strategic focus amid a difficult operating environment.

According to him, the firm has sustained investments in its supply chain and production facilities, while deploying technology and efficiency improvements to manage costs, boost capacity and support long-term growth.

He added that BUA Foods remains committed to strengthening its market position by expanding local production and improving operational efficiency, even as economic uncertainties persist.