BUA Foods reports N1.77 trillion revenue, proposes N28 dividend

BUA Foods Plc reported revenue of N1.77 trillion for the financial year ended December 31, 2025, representing a 16 percent increase from N1.53 trillion recorded in 2024.

The company disclosed the figures in its audited financial statements released on Monday, showing broad-based growth across its key product lines, including sugar, flour, pasta, and rice.

Profit after tax rose by 95 percent to N518.4 billion, while total assets increased by 27 percent to N1.39 trillion, reflecting stronger operational performance during the period.

The company attributed the revenue growth to sustained demand for its products, supported by ongoing expansion, improved efficiency, and better supply chain management.

The board also proposed a dividend of N28 per share, a 115 percent increase from the N13 paid in the previous year. If approved at the 2026 Annual General Meeting, the payout will amount to about N504 billion.

Management cites expansion strategy and shareholder value focus

Chairman Abdul Samad Rabiu said the results reflect the company’s consistent growth strategy and its ability to scale operations in a competitive environment.

He added that the higher dividend underscores the company’s commitment to rewarding shareholders while continuing to invest in long-term expansion.

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Managing Director Ayodele Abioye said the company remains focused on strengthening capacity, expanding market reach, and improving end-to-end efficiency across its operations.

BUA Foods noted that strong demand across its product categories continues to support its growth outlook, positioning the company for sustained performance in the coming years.