Highlights As BUA Foods’ Revenue Soars By 36% To ₦912.5bn In H1 2025
BUA Foods Plc has announced its unaudited result for half year ended June 30,
2025, showing considerable increase in revenue that amounted to an outstanding profit
generation in the period under review.
The food manufacturing company recorded an impressive growth of 98% in profit after tax from
₦130.9 billion reported in H1 2024, to ₦260.07 billion in H1 2025. This strong bottom-line
performance underscores the company’s commitment to value creation.
For the half year, revenue rose from ₦672.3 billion in H1 2024 to ₦912.5 billion in H1 2025,
representing a 36% increase, driven by an uplift in volume supported by strategic product mix.
Profit before tax stood at ₦276.1 billion, representing a significant 101% increase from ₦137.19
billion in H1 2024, while finance cost dropped by 12.3% to ₦9.13 billion, slightly boosting
profitability.
Basic earnings per share grew remarkably by 99% to N14.45 from N7.27 recorded in H1 2024.
A considerable increase in selling and distribution cost (up 94%) impacted total operating
expenses which rose by 93% in the first half, up from ₦28.44 billion in H1 2024.
Commenting on the results, Engr. (Dr.) Ayodele Abioye, the Managing Director, said:
“We are encouraged by the sustained performance recorded in the second quarter of 2025,
amidst an improving macroeconomic environment. Key indicators such as inflation and a
deepened exchange rate margin, continue to shape consumer behaviour and operational
decisions; however, our resilience as a business remains evident through consistent topline and
bottom-line growth driven by our time tested and unique strategic business model.”
“Looking ahead, we remain committed to strengthening our growth levers, driving agility through
our integrated supply chain systems and continued investments across all manufacturing
operations. Our outlook for 2025 remains positive, with a clear focus on driving sustainable
growth, maintaining affordability, and deepening our contribution to alleviating national food
supply challenges. We appreciate the continued trust and hard work of our stakeholders.”
BUA Foods is a leading food business with well-diversified and scalable operations producing
sugar, flour, semolina, pasta, rice and edible oils. The Company owns strategically located plants
across Nigeria and a cordial alliance with local stakeholders in host communities.
They continue to invest in modern technology for efficient food production, innovatively
expanding with strategic partners across the value chain.
The Company remains well positioned for continued growth on the strength of it’s purpose and
values.
