BUA Foods Plc has released its unaudited financial results for the nine months ended September 30, 2025, showing impressive revenue and profit growth across key performance metrics, underscoring the company’s strong market position despite Nigeria’s challenging macroeconomic environment.
According to the financial statement filed with the Nigerian Exchange (NGX) on Tuesday, BUA Foods recorded a turnover of ₦1.42 trillion for the nine months, representing a 32.7 per cent increase from ₦1.07 trillion reported in the same period of 2024.
The company’s gross profit rose significantly to ₦520.6 billion, up from ₦333.8 billion in the previous year, reflecting improved sales performance and stronger cost management across its production segments.
Profit before tax climbed sharply to ₦432.6 billion, more than doubling the ₦215.7 billion recorded in the same period of 2024. After accounting for income tax expenses of ₦27.3 billion, net profit after tax surged to ₦405.3 billion — a 91.5 per cent increase from ₦211.4 billion a year earlier.
Earnings per share (EPS) also rose significantly to ₦22.52, compared to ₦11.19 in the same period last year, underscoring the company’s profitability and consistent shareholder value creation.
Administrative expenses increased to ₦30.4 billion from ₦14.5 billion, while selling and distribution expenses more than doubled to ₦53.2 billion, reflecting higher logistics costs and market expansion initiatives. Despite these increases, BUA Foods maintained strong profitability, buoyed by higher gross margins and operational efficiency.
Finance income during the period stood at ₦7.05 billion, while finance costs were ₦11.9 billion, resulting in a net finance cost of ₦4.86 billion. The company also reported a foreign exchange loss of ₦139.1 million, compared to ₦87.96 million in the same period of 2024.
The group’s total assets grew to ₦1.24 trillion as of September 30, 2025, up from ₦1.09 trillion as of December 31, 2024. Total equity rose markedly to ₦600.3 billion, compared to ₦429.1 billion in the previous financial year, reflecting retained earnings of ₦592.3 billion.
Current assets increased to ₦858.1 billion, mainly driven by a substantial rise in receivables due from related companies (₦710.2 billion) and higher inventory levels at ₦76.7 billion.
On the liabilities side, total liabilities stood at ₦642.2 billion, with current liabilities accounting for ₦605.9 billion, largely due to trade payables and contract liabilities.
At the company level, BUA Foods also delivered strong results, with a turnover of ₦1.08 trillion, up from ₦818.9 billion in the corresponding period of 2024. Net profit after tax for the standalone entity was ₦253.5 billion, compared to ₦172.7 billion the previous year.
The company’s total assets rose to ₦1.02 trillion, with equity at ₦442.9 billion, demonstrating sustained financial stability and growth momentum.
Analysts say the company’s robust performance reflects strong demand for its food products — including sugar, flour, pasta, and edible oils — coupled with disciplined cost management and strategic expansion initiatives.
News.ng reports that as Nigeria continues to navigate inflationary pressures and foreign exchange volatility, BUA Foods’ continued investment in backward integration and supply chain efficiency is expected to support sustained profitability and growth in the coming quarters.
