BUA Foods Plc has reported a strong financial performance for the 2025 financial year, posting a 91 per cent increase in profit after tax to N507.73bn, compared with N265.99bn recorded in the previous year.
The company disclosed this in its unaudited financial results for the year ended December 31, 2025, released on Thursday.
According to the food manufacturing firm, the performance was driven by growth across its major product lines, improved operational efficiency, and relative stability in the foreign exchange market.
BUA Foods recorded revenue of N1.80tn in 2025, representing an 18 per cent increase from the N1.53tn posted in 2024. Gross profit also rose to N672.16bn, up from N540.82bn in the prior year.
Total assets expanded by 26 per cent to N1.39tn in 2025, compared with N1.09tn recorded in the previous year.
Although cost of sales increased to N1.13tn from N987.10bn, largely due to higher raw material costs, the company said stronger revenue growth helped cushion the impact on margins.
The firm also recorded a sharp reduction in foreign exchange losses, which fell by more than 90 per cent to N16.09bn in 2025, from N172.30bn in the previous year, which it linked to improved market conditions.
Commenting on the results, Managing Director of BUA Foods, Ayodele Abioye, said the company’s 2025 performance reflected strong execution and disciplined cost management across its operations.
He said, “The group recorded revenue of N1.8 trillion, representing an 18 per cent 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 per cent and EBITDA reaching N575 billion, reflecting sustained operational efficiencies, margin expansion, and prudent cost management.”
Abioye said the company’s domestic and regional market position remained strong due to its efficient supply chain.
“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 evolving economic landscape,” he said.
Also speaking, Acting Chief Financial Officer, Michael Ehimah, said efforts to diversify energy sources and strengthen supply chain processes helped the company manage rising input costs.
Looking ahead, the company said it remains optimistic about 2026, with plans to complete key expansion projects, including its sugar backward integration programme, expected to enable the refining of over 220,000 metric tonnes of sugar in its first phase.
BUA Foods ended the 2025 financial year as the most valuable company on the Nigerian Exchange, with a market capitalisation exceeding N14tn, reflecting strong investor confidence in the company’s long-term growth outlook.
