BUA Foods has announced a final dividend of N13.00 per ordinary share of 50 kobo each, payable to shareholders registered as of the close of business on 21 August 2025.
This information was disclosed in a statement published on the Nigerian Exchange and signed by the company secretary, Oluseye Alayande.
The final dividend relates to the financial year ending 31 December 2024 and will be subject to the relevant withholding tax and regulatory approval.
In terms of payment, the company confirmed that dividends will be distributed electronically to shareholders on 25 September 2025.
BUA Foods has declared a final dividend of N13 per share, totalling N234 billion.
Based on a share price of N418, this corresponds to a dividend yield of 3.11 per cent.
The dividend payout also represents a payout ratio of 37.22 per cent.
Furthermore, the company’s price-to-earnings (P/E) ratio stands at 28.29x, which is lower than the industry average of 36.92x.
The group’s operating profit margin increased from 28.24 per cent in 2023 to 30.87 per cent in 2024, indicating stronger profitability from its core operations.
BUA Foods’ audited financial statements for the year ending 31 December 2024 reveal a substantial revenue figure of N1.5 trillion, surpassing the N729.4 billion reported in 2023.
This marks a year-on-year increase of 109.5 per cent and is the highest annual revenue since the company’s listing on the Nigerian Exchange in 2021, when it reported N333.2 billion.
Pre-tax profit surged by 162.9 per cent to N284.32 billion, while profit after tax rose by 137.3 per cent to N265.99 billion.
It is notable that these results were achieved despite a N178 billion exchange loss resulting from currency depreciation, which contributed to higher interest obligation costs.
The growth in revenue can be attributed to consistent demand for the company’s key products—sugar, flour, and pasta—along with increased production capacity, strategic pricing, and an expanded market presence within Nigeria.
On the Nigerian stock market, BUA Foods reported a year-to-date performance of 114.58 per cent in 2024, with its stock price rising from N193.40 to N415.00. So far in 2025, the company’s share price has levelled at N418.00.