BUA Foods Reports Strong H1 2025 Results with Revenue Up 36% and Profit Doubling
BUA Foods Plc has announced impressive financial results for the first half of 2025, reporting significant growth in revenue, profit, and operational performance. The company posted ₦912.5 billion in revenue (approx. $613 million), marking a 36% increase from ₦672.4 billion in H1 2024.
In a filing with the Nigerian Exchange Group (NGX), BUA Foods also reported a 101% year-on-year growth in Profit Before Tax (PBT) to ₦276.1 billion (approx. $185.5 million) as of June 30, 2025.
Key Financial Highlights
- Revenue: ₦912.5 billion ($613M), up 36% YoY
- Gross Profit: ₦339.3 billion ($228M), up 55%
- Operating Profit: ₦284.8 billion ($191M), up 41%
- Profit Before Tax (PBT): ₦276.1 billion ($185.5M), up 101%
- Earnings per Share (EPS): ₦14.45, up from ₦7.27 in H1 2024
- Gross Margin: Improved to 37.2%, from 32.4%
- Total Assets: ₦1.33 trillion ($893M), up 21.7%
- Total Equity: ₦689.1 billion ($462.9M), up 60.6%
- Total Liabilities: ₦644.1 billion ($432.3M), down 3.4%
- Retained Earnings: ₦681.1 billion ($457.4M), up 62%
Strong Segment Performance
Growth was recorded across all product divisions, driven by increased demand and operational scale:
- Flour Division: ₦378.2 billion ($254.2M), up 66%
- Sugar Division: ₦398.1 billion ($267.5M), up 8%
- Pasta Division: ₦96.9 billion ($65M), up 31%
- Rice Division: ₦39.3 billion ($26.4M), a staggering 2923% increase from ₦1.3 billion ($874,000) in H1 2024
The surge in rice revenue highlights the success of BUA Foods’ expansion into the local rice value chain, further strengthening its diversified portfolio.
Executive Commentary
Engr. (Dr.) Ayodele Abioye, Managing Director of BUA Foods Plc, attributed the results to the company’s operational resilience and strategic investments:
“These results reflect the strength of our business model, disciplined execution, and a clear focus on scale and affordability. Amid challenging economic conditions, we’ve continued to prioritize value delivery, backward integration, and expansion to ensure long-term, sustainable growth.”
Outlook
With total assets surpassing ₦1.33 trillion ($893 million) and retained earnings increasing by 62%, BUA Foods is positioning itself as one of Nigeria’s top-performing FMCG and food manufacturing companies. The company’s aggressive investments in local production and vertical integration are expected to yield even stronger performance in the second half of the year.
BUA Foods Plc, a subsidiary of the BUA Group, remains one of the leading players in West Africa’s fast-moving consumer goods sector, with operations spanning sugar refining, flour milling, pasta production, and rice processing.
