BUA Foods Plc, a leading food manufacturing company in Africa, has proposed a dividend of N28.00 per ordinary share, amounting to approximately N504 billion for the 2025 financial year. The proposal is subject to approval by shareholders at the company's 5th Annual General Meeting (AGM), scheduled for July 15 at the Transcorp Hilton Hotel in Abuja.
AGM Agenda and Financial Performance
At the AGM, shareholders will also consider the company's audited financial statements for the year ended December 31, 2025, along with other statutory and corporate governance matters. BUA Foods reported revenue of N1.77 trillion for the 2025 financial year, marking a 16% increase from the previous year. Profit after tax surged by 95% to N518.4 billion, while total assets rose by 27% to N1.39 trillion, reflecting ongoing investments in manufacturing capacity, operational excellence, and long-term value creation.
Managing Director's Remarks
Ayodele Abioye, Managing Director of BUA Foods Plc, stated that the AGM provides an opportunity to engage with shareholders, review performance, and discuss the company's future direction. Despite a challenging operating environment, the company sustained strong performance through disciplined execution and a commitment to delivering quality food products. Abioye attributed the achievements to the support of customers, supply partners, the board, management, employees, and other stakeholders.
Commitment to Sustainable Value
Abioye emphasized that BUA Foods will continue focusing on creating sustainable long-term value through investments in capacity expansion and strengthening food security to support national development. He said, "The 5th Annual General Meeting provides an important opportunity to engage with shareholders, reflect on another year of strong performance, and discuss the future direction of the business. Despite a dynamic operating environment, BUA Foods continued to demonstrate resilience through disciplined execution and an unwavering commitment to delivering quality food products to millions of consumers. Looking ahead, the focus remains on creating sustainable long-term value through continuous investments in capacity expansion, with capabilities that strengthen food security for national development."
Outlook
The food company reaffirmed its commitment to delivering sustainable returns, strengthening stakeholder confidence, and advancing its purpose of nourishing lives every day.
