BUA Foods Plc has posted robust financial results for the first half of 2025, reporting a revenue of ₦912.5 billion—marking a 36% increase from ₦672.4 billion in the same period last year. The company also recorded a 101% year-on-year rise in Profit Before Tax (PBT), reaching ₦276.1 billion.
The figures were disclosed in the company’s unaudited financial results filed with the Nigerian Exchange Group (NGX), reflecting solid growth across all its product segments: Sugar, Flour, Pasta, and Rice.
Of particular note was the Rice Division, which recorded a staggering 2923% increase in revenue, climbing from ₦1.3 billion in H1 2024 to ₦39.3 billion in H1 2025—highlighting the impact of BUA’s recent investment in the local rice value chain.
Gross Profit rose by 55% to ₦339.3 billion, pushing the gross margin to 37.2%, up from 32.4% in the previous year. Operating Profit was ₦284.8 billion, a 41% increase, while Earnings per Share (EPS) nearly doubled from ₦7.27 to ₦14.45.
Total equity surged by 60.6% to ₦689.1 billion, and total assets expanded by 21.7%, now standing at ₦1.33 trillion. Meanwhile, total liabilities declined slightly by 3.4% to ₦644.1 billion.
Commenting on the performance, Managing Director of BUA Foods Plc, Engr. (Dr.) Ayodele Abioye, attributed the impressive results to strategic investments and disciplined execution.
“The results reflect our strong fundamentals, operational efficiency, and the resilience of our diversified business model,” said Abioye.
“Amidst evolving macroeconomic dynamics, we remain focused on scale, affordability, and consistent value delivery to our customers and stakeholders. Our investments in backward integration and manufacturing expansion continue to position us for long-term sustainable growth.”
Segment Highlights (H1 2025):
Flour Division: ₦378.2 billion revenue (+66%)
Sugar Division: ₦398.1 billion revenue (+8%)
Pasta Division: ₦96.9 billion revenue (+31%)
Rice Division: ₦39.3 billion revenue (up from ₦1.3 billion in H1 2024)
Balance Sheet Summary:
Total Assets: ₦1.33 trillion (+21.7%)
Total Liabilities: ₦644.1 billion (-3.4%)
Retained Earnings: ₦681.1 billion (+62%)
Analysts say the company’s diversification strategy and aggressive expansion into the rice production value chain could redefine its competitive advantage in Nigeria’s staple foods market.
BUA Foods Plc is a major player in the Nigerian food industry, with integrated operations across multiple fast-moving consumer goods segments.
𝗙𝗼𝗹𝗹𝗼𝘄 𝗢𝘂𝗿 𝗪𝗵𝗮𝘁𝘀𝗔𝗽𝗽 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗧𝗼 𝗚𝗲𝘁 𝗟𝗮𝘁𝗲𝘀𝘁 𝗡𝗲𝘄𝘀 𝗔𝘀 𝗜𝘁'𝘀 𝗗𝗿𝗼𝗽!
