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By Chukwuma Umeorah
BUA Foods Plc grew its profit after tax (PAT) to N507.73 billion in 2025 by reducing foreign exchange losses by 91 per cent to N16.09 billion, compared with N172.30 billion in 2024, largely through enhanced supply chain efficiency and diversification of energy sources.
The company’s unaudited results for the year ended 31 December 2025 also showed an 18 per cent increase in revenue to N1.80 trillion, up from N1.53 trillion in 2024, driven by higher volumes across key product categories and pricing adjustments. Gross profit rose by 24 per cent to N672.16 billion from N540.82 billion as revenue growth outpaced rising input costs.
The Company’s Acting Chief Financial Officer, Michael Ehimah explained that “By diversifying our energy sources and enhancing supply chain efficiency, we were able to cushion the impact of escalating input costs. As we look ahead to 2026, our priority is to preserve a healthy balance sheet while funding key growth initiatives,” Ehimah said, highlighting operational measures that underpinned the company’s improved FX position.
Cost of sales grew by 15 per cent to N1.13 trillion from N987.10 billion the previous year, largely due to higher raw material costs. Stronger sales and operational efficiencies helped moderate the impact on margins. Total assets expanded by 26 per cent to N1.39 trillion in 2025 from N1.09 trillion in 2024, reflecting continued balance sheet growth.
Managing Director, Ayodele Abioye, said the results reflected “strong operational execution and a solid financial performance for BUA Foods Plc. 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.”
He added that, “Profitability improved significantly during the year, with Profit After Tax increasing by 91% and EBITDA reaching N575 billion, reflecting sustained operational efficiencies, margin expansion, and prudent cost management.”
Abioye said the company’s market position remains strong due to its supply chain efficiency and disciplined expansion. “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 ever-evolving economic landscape,” he said.
BUA Foods said its outlook for 2026 is positive, supported by plans to complete its sugar backward integration programme. The first phase is expected to provide capacity to refine over 220,000 metric tonnes of sugar, alongside continued expansion across its business divisions.
The company ended the 2025 financial year as the most valued firm on the Nigerian Exchange, with a market capitalisation exceeding N14 trillion, reflecting sustained investor confidence in the consumer goods sector.
