BUA Foods Plc Announces Record-Breaking Financial Performance for 2025
BUA Foods Plc, Nigeria's most valuable listed company, has unveiled its unaudited financial results for the year 2025, showcasing a remarkable surge in profitability. The food manufacturing giant reported a net profit of N507.7 billion, which represents nearly double the N266.0 billion earned in the previous year, 2024. This outstanding performance underscores the company's robust operational strategy and resilience in a dynamic economic landscape.
Revenue Growth and Key Drivers
The company's revenue experienced a significant increase of 18.1%, rising to N1.80 trillion. This growth was primarily fueled by higher pricing and increased volumes across its core product segments, including sugar, flour, pasta, and rice. Analysts attribute this surge to improved naira stability, which has alleviated pressure on corporate balance sheets and allowed operating gains to translate directly into bottom-line profits.
Further breakdown of the financials reveals that operating profit climbed to N565.4 billion from N472.1 billion, while gross profit reached N672.2 billion. These gains were supported by economies of scale and consistent demand for staple food products, which remain essential in the Nigerian market.
Segment Performance and Financial Health
The sugar, bakery flour, and pasta segments collectively contributed more than two-thirds of the total revenue. Notably, sugar sales exceeded N755 billion, bolstered by domestic refining capacity under import substitution policies. Despite increases in selling and distribution costs to N68.7 billion and administrative expenses to N40.5 billion, these were effectively offset by the higher revenue and reduced financing charges.
Cash flow strengthened significantly, with operating cash flow totaling N311.6 billion. This robust cash position enabled BUA Foods to meet working capital needs, service debt, and distribute N234 billion in dividends without substantially increasing leverage. Total assets rose to N1.39 trillion, and shareholders' equity reached N702.8 billion, highlighting the company's balance-sheet resilience and financial stability.
Market Impact and Investor Sentiment
The strong financial results have positively influenced investor sentiment, with BUA Foods' stock gaining 92.5% in 2025, leading to a valuation of nearly N15 trillion. The company closed its last trading day on Wednesday, January 28, 2026, at N798.90 per share. This performance demonstrates how Nigerian corporates remain sensitive to currency swings, with improved foreign exchange liquidity and tighter monetary conditions playing a crucial role in facilitating these gains.
In a related development, Guaranty Trust Holding Company Plc (GTCO) also reported impressive financial results, with a profit before tax of N1.266 trillion for the year ended December 31, 2024, marking a 107.8% increase from the previous year. This highlights a broader trend of strong corporate earnings within Nigeria's financial and manufacturing sectors, driven by diversified revenue bases and disciplined capital management.
