BUA Foods Plc has announced a 101% growth in Profit Before Tax (PBT) to ₦276.1 billion for the first half of 2025.
The company disclosed this in its unaudited financial results filed with the Nigerian Exchange Group (NGX) last Wednesday.
At the end of the first half of 2025, the revenue increased by 36% to ₦912.5 billion, driven by strong performance across all product segments: Sugar, Flour, Pasta, and Rice.
Notably, the company recorded an exponential 2923% increase in Rice revenue, reinforcing the success of BUA Foods’ expansion into the local rice value chain.
Gross Profit rose by 55% to ₦339.3 billion, with gross margin improving to 37.2% from 32.4% in the previous year. Earnings per Share (EPS) nearly doubled from ₦7.27 to ₦14.45, while Operating Profit increased by 41% to ₦284.8 billion. Total equity also rose by 60.6% to ₦689.1 billion, and total assets grew to ₦1.33 trillion.
Commenting on the results, Ayodele Abioye, managing director of BUA Foods Plc, said, “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.”
Key Segment Highlights (H1 2025):
- Flour Division: Revenue grew by 66% to ₦378.2 billion.
- Sugar Division: Contributed ₦398.1 billion in revenue, an 8% increase.
- Pasta Division: Recorded a 31% increase in revenue to ₦96.9 billion.
- Rice Division: Surged to ₦39.3 billion, up from ₦1.3 billion in H1 2024.
Balance Sheet Highlights:
- Total Assets: ₦1.33 trillion (+21.7%)
- Total Liabilities: ₦644.1 billion (-3.4%)
- Retained Earnings: ₦681.1 billion (+62%)
BUA Foods continues to pursue investments across its integrated supply chain, leveraging innovation and technology to ensure food security and expand export capabilities in West Africa and beyond.