BUA Foods Plc has reported a profit after tax of ₦507.7 billion for the financial year ended December 31, 2025, an improvement from ₦266.0 billion recorded in the previous year.
The strong earnings performance was driven by higher turnover, improved gross margins, and a sharp decline in finance costs during the year.
Group turnover rose to ₦1.80 trillion, compared with ₦1.53 trillion in 2024, reflecting increased sales volumes across the company’s core food segments. Cost of sales increased to ₦1.13 trillion, resulting in gross profit of ₦672.2 billion, up from ₦540.8 billion in the prior year.
Operating expenses rose during the period, with administrative expenses increasing to ₦40.5 billion from ₦28.6 billion, while selling and distribution expenses climbed to ₦68.7 billion, compared with ₦40.3 billion in 2024.
Despite the higher cost base, operating performance remained strong due to scale benefits and margin expansion.
Finance costs declined sharply to ₦21.9 billion, from ₦203.2 billion in the prior year, significantly improving net finance position. Finance income stood at ₦7.54 billion, resulting in a materially lower net finance charge for the year.
Profit before tax rose to ₦534.9 billion, compared with ₦284.3 billion in 2024. After accounting for tax expenses of ₦27.1 billion, profit after tax settled at ₦507.7 billion.
Earnings per share increased to ₦28.21, up from ₦14.78 in the previous year, reflecting the strong improvement in profitability.
At the company level, profit after tax rose to ₦322.5 billion, from ₦263.2 billion, while company earnings per share increased to ₦17.92.
The results revealed BUA Foods Plc’s ability to translate revenue growth into stronger profitability, supported by improved cost efficiency and reduced financing pressures during the financial year.
