BUA Foods reports 101% profit growth to N276.1bn in H1 2025
By Kunle Sanni
BUA Foods Plc, has announced a 101per cent year-on-year growth in Profit Before Tax (PBT) to N276.1 billion for the Half-year (H1) ended June 30, 2025.
The company in its unaudited financial results filed with the Nigerian Exchange Limited (NGX) declared a revenue growth of 36per cent to N912.5 billion, driven by strong performance across all product segments: Sugar, Flour, Pasta, and Rice.
Notably, the Company recorded an exponential 2923per cent increase in Rice revenue, reinforcing the success of BUA Foods’ expansion into the local rice value chain.
The Nigeria’s largest food and fast-moving consumer goods (FMCG) company by market capitalisation also declared gross Profit growth of 55per cent to N339.3 billion, with gross margin improving to 37.2per cent from 32.4per cent in the previous year.
Earnings per Share (EPS) nearly doubled from N7.27 to N14.45, while Operating Profit increased by 41per cent to N284.8 billion. Total equity also rose by 60.6per cent to N689.1 billion, and total assets grew to N1.33 trillion.
Commenting on the results, Managing Director of BUA Foods, Engr. (Dr.) Ayodele Abioye in a statement stated:“The results reflect our strong fundamentals, operational efficiency, and the resilience of our diversified business model.
“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.”
The company also reported a 3.4per cent decline in total liabilities, which fell to N644.1 billion, further strengthening its balance sheet. Retained earnings rose by 62per cent to N681.1 billion.
Performance across the business segments showed strong momentum. The Flour Division recorded a 66% rise in revenue to N378.2 billion. The Sugar Division grew by eight per cent, generating N398.1 billion. The Pasta Division posted a 31per cent increase in revenue to N96.9 billion. The Rice Division, which had N1.3 billion in revenue in H1 2024, surged to N39.3 billion in H1 2025.
BUA Foods continues to pursue investments across its integrated supply chain, while leveraging innovation and technology to ensure food security and expand export capabilities across West Africa and beyond.
