BUA Foods Plc has reported a record-breaking ₦276.1 billion profit before tax for the first half of 2025, marking a 101 percent increase compared to the same period last year.
The company’s latest financial results, filed with the Nigerian Exchange, show a major leap in revenue across its key product lines with rice taking centre stage. Rice sales surged from ₦1.3 billion in 2024 to ₦39.3 billion this year, a staggering 2923 percent growth that analysts say reflects rising demand and improved production capacity.
Managing Director, Ayodele Abioye, said the result proves BUA Foods is on the right path.
“These numbers speak to our operational strength and clear strategy,” he said. “Despite economic uncertainties, we’ve stayed committed to scale, affordability, and delivering value to Nigerians.”
Total revenue rose by 36 percent to ₦912.5 billion. Gross profit climbed to ₦339.3 billion, up 55 percent, while earnings per share almost doubled from ₦7.27 to ₦14.45.
The flour division generated ₦378.2 billion, up 66 percent. Sugar contributed ₦398.1 billion, growing by 8 percent, and pasta sales rose 31 percent to ₦96.9 billion.
On the balance sheet, the company’s total assets rose to ₦1.33 trillion, while shareholders’ equity increased by 60.6 percent to ₦689.1 billion. Liabilities dropped slightly to ₦644.1 billion, and retained earnings climbed by 62 percent to ₦681.1 billion.
Abioye said part of the company’s success comes from its investments in backward integration and manufacturing expansion.
“We’ve built a business that is self-reliant. Our control over raw materials and supply chains puts us in a strong position to meet local demand and scale exports,” he said.
