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BUA Foods Plc delivered one of the strongest earnings performances in Nigeria’s consumer goods sector in 2025, cutting foreign exchange losses by 91 percent and lifting profit after tax to N507.73 billion.
The results, released in the company’s unaudited financial statements for the year ended Dec. 31, reflect a sharp turnaround from the previous year, when currency volatility weighed heavily on earnings. FX losses fell to N16.09 billion from N172.30 billion in 2024, a shift the company linked to tighter supply chain controls and a broader mix of energy sources.
Revenue rose 18 percent to N1.80 trillion, up from N1.53 trillion a year earlier, supported by higher sales volumes across key product lines and pricing adjustments. Gross profit climbed 24 percent to N672.16 billion as revenue growth outpaced increases in input costs, easing margin pressure despite inflationary conditions.
Acting Chief Financial Officer Michael Ehimah said operational decisions made during the year played a central role in stabilising costs and limiting currency exposure. He said the company diversified its energy mix and improved logistics efficiency to soften the impact of rising raw material prices and foreign exchange pressures. Ehimah added that management remains focused on protecting the balance sheet while continuing to fund growth plans in 2026.
Cost of sales increased 15 percent to N1.13 trillion from N987.10 billion, driven mainly by higher raw material expenses. Even so, stronger turnover and efficiency gains helped contain the effect on margins. Total assets expanded 26 percent to N1.39 trillion from N1.09 trillion, pointing to steady balance sheet growth during the year.
Managing Director Ayodele Abioye said the performance underscored the strength of execution across the group. He said revenue growth was powered by robust volumes in core product categories, improved pricing strategies and a better product mix. According to Abioye, profitability improved sharply, with earnings before interest, tax, depreciation and amortisation reaching N575 billion as operational discipline and cost controls took hold.
He said the company continues to strengthen its competitive position through efficient sourcing, consistent product quality and measured expansion. Abioye noted that management remains focused on navigating economic uncertainty while maintaining customer trust and long term value creation.
BUA Foods said its outlook for 2026 remains positive, supported by progress on its sugar backward integration programme. The first phase of the project is expected to deliver refining capacity of more than 220,000 metric tonnes, alongside ongoing expansion across other business segments.
Investor confidence in the company remained strong throughout the year. BUA Foods closed 2025 as the most valuable company on the Nigerian Exchange, with a market capitalisation above N14 trillion, highlighting sustained interest in well managed consumer goods businesses.
