BUA Foods Plc has released its unaudited consolidated financial statements for the year 2025 to the Nigerian Exchange Limited (NGX). The result was a financial upturn, including a pretax profit of N534.8 billion for 2025, nearly double the N284.3 billion recorded in 2024.
According to the financial statement, the fourth quarter contributed N102.2 billion to the annual profit, representing a 39.3% increase over Q4 revenue of N383.4 billion.
For the full year, revenue rose 18.1% to N1.8 trillion, driven by stronger sales across the company’s product lines.
Profitability was further supported by other income, finance income, and a significant reduction in finance costs, largely due to lower foreign exchange losses.
According to the report, in FY 2025, the company delivered a strong financial performance, building on its 2024 results with significant growth across key indicators.
Turnover rose to ₦1.8 trillion, representing an 18.08% year-on-year increase, reflecting improved market penetration, stronger demand, and enhanced operational efficiency. This growth was achieved despite rising production costs, as the cost of sales increased to ₦1.13 trillion, compared with ₦987.1 billion in 2024.
As a result of effective cost management and revenue expansion, gross profit climbed to ₦672.1 billion, marking a 24.29% year-on-year increase. This underscores the company’s ability to protect and improve margins in a challenging operating environment.
Operating expenses rose in line with expanded business activities. Administrative expenses increased to ₦40.4 billion from ₦28.5 billion, while selling and distribution expenses grew to ₦68.7 billion from ₦40.2 billion. These increases were largely driven by investments in business growth, market expansion, and organisational capacity.
Despite higher operating costs, the company maintained strong profitability. Operating profit rose to ₦565.3 billion, representing a 19.75% year-on-year increase, highlighting sustained operational strength and disciplined management.
A major contributor to improved bottom-line performance was the significant reduction in finance costs, which declined sharply to ₦21.9 billion from ₦203.2 billion in the previous year. This reflects improved debt management and a stronger financial structure.
Consequently, profit before tax surged to ₦534.8 billion, representing an impressive 88.12% year-on-year growth, underscoring the company’s enhanced earnings capacity and financial resilience.
The balance sheet also strengthened considerably. Total assets increased to ₦1.38 trillion, up 26.54% year-on-year, reflecting sustained investments and expansion in core operations. In addition, retained earnings rose to ₦694.7 billion, representing a 65.02% increase, demonstrating strong profit retention and a solid foundation for future growth.
Overall, the FY 2025 performance reflects a year of robust revenue growth, improved profitability, stronger financial discipline, and enhanced balance sheet strength, positioning the company for continued sustainable growth in the years ahead.
A closer look at BUA Foods’ 2025 financials shows that out of the N1.8 trillion revenue or turnover recorded:
Bakery flour was the largest contributor, accounting for 39% of revenue at N704.7 billion.
This was followed by fortified sugar at N571.4 billion, pasta at N202.6 billion, non-fortified sugar at N184.1 billion, and head rice at N95.6 billion.
BUA Foods had a strong 2025, with pretax profit nearly doubling to N534.8 billion and post-tax profit at N507.7 billion.
Bakery flour was the top revenue contributor, followed by fortified sugar, pasta, and non-fortified sugar.
The balance sheet strengthened, with total assets at N1.3 trillion and shareholder equity at N702.7 billion, driven mainly by retained earnings.
Liabilities were mostly stable, with current borrowings falling to N362.8 billion.
In 2025, the company recorded a year-to-date performance of 92.5%, though it has not yet traded on the Nigerian Exchange in 2026.