By Sofiyyah Layole
Profits declared by BUA Foods Plc has doubled for the nine months period ended September 30, 2025.
According to the company’s unaudited results made available to journalists, the food conglomerate reported a 101 percent surge in profit after tax (PAT) rising to ₦405.27 billion.
The results also revealed that revenue jumped 33 percent to ₦1.42 trillion, up from ₦1.07 trillion in the same period last year, driven by expansion in operations.
Commenting, the company’s Managing Director Ayodele Abioye said the results reflected the company’s “resilience and strategic agility” amid improving macroeconomic conditions, stating that they remain focused on executing our strategic priorities, deepening end-to-end integration across the value chain, and sustaining value creation.
The flour division led growth, soaring 52 percent to ₦591.5 billion, while the sugar business grew 10 percent to ₦599.2 billion.
Pasta and rice revenues rose 12 percent and 4,884 percent respectively to ₦150.5 billion and ₦79.5 billion.
Cost of sales increased by 22 percent to ₦900.09 billion, reflecting higher raw material and energy expenses.
Nevertheless, gross profit advanced 56 percent to ₦520.65 billion, improving the gross margin by 570 basis points to 36.7 percent.
Operating profit also climbed 39 percent to ₦437.58 billion, with an operating margin of 30.8 percent compared to 29 percent a year earlier.
Net finance costs fell sharply by 58 percent to ₦4.86 billion, reflecting the company’s strategy to limit new borrowings.
Consequently, profit before tax (PBT) doubled to ₦432.58 billion from ₦215.66 billion, while earnings per share (EPS) rose at the same time by 101 percent to ₦22.52 from ₦11.19.
Similarly, the total assets grew 13 percent to ₦1.24 trillion, supported by production capacity expansions, while total equity jumped 40 percent to ₦600.33 billion, largely from retained earnings, even as total liabilities declined by 3.6 percent to ₦642.2 billion.