BUA Foods Plc reported a profit after tax of ₦260.1 billion for the half year ended June 30, 2025, doubling the ₦130.9 billion posted in the same period of 2024.
The strong performance was driven by a 35.7 percent year-on-year rise in revenue to ₦912.5 billion from ₦672.4 billion filed in H1 2024. This was largely due to higher sales across sugar, pasta, flour, and rice products.
Financial Performance
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Turnover: ₦912.5 billion (H1 2024: ₦672.4 billion)
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Gross Profit: ₦339.3 billion (H1 2024: ₦218.4 billion)
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Operating Profit: ₦284.8 billion (H1 2024: ₦202.3 billion)
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Profit Before Tax: ₦276.1 billion (H1 2024: ₦137.2 billion)
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Profit After Tax: ₦260.1 billion (H1 2024: ₦130.9 billion)
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Earnings Per Share (EPS): ₦14.45 (H1 2024: ₦7.27)
The company also reported a net finance cost of ₦9.1 billion, compared to ₦10.4 billion in the same period last year.
Other income stood at ₦476.4 million, while administrative and distribution expenses increased due to expanded operations and higher logistics costs.
Q2 2025 Snapshot
For the three months ended June 30, 2025:
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Turnover: ₦470.2 billion (Q2 2024: ₦315.5 billion)
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Profit After Tax: ₦131.7 billion (Q2 2024: ₦75.1 billion)
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EPS: ₦7.32 (Q2 2024: ₦4.17)
Shareholding Structure
As of June 30, 2025, BUA Chairman Abdul Samad Rabiu maintained a controlling interest, holding 89.85% of the company’s shares directly.
The company’s free float value stood at ₦390.4 billion, representing 5.02% of outstanding shares, in compliance with the Nigerian Exchange Group’s listing requirements.
Outlook
BUA Foods stated that it remains committed to strengthening its market leadership in Nigeria’s fast-moving consumer goods sector.
The company is focusing on expanding production capacity, improving distribution networks, and sustaining shareholder value creation.
