BUA Foods Plc has announced a robust financial performance for the first half of 2025, with revenue rising 36 per cent to N912.5bn from N672.4bn in the same period last year. The company’s unaudited results, filed with the Nigerian Exchange Limited, showed gross profit climbing to N339.3bn from N218.4bn, representing a 55 per cent increase. Operating profit also jumped to N284.8bn from N202.3bn, aided by moderated administrative expenses and a strong sales performance despite higher distribution costs.
The food manufacturing giant saw profit before tax nearly double to N276.1bn from N137.2bn in 2024. Net profit after tax surged 99 per cent to N260.1bn, compared to N130.9bn in the prior year, translating to earnings per share of 14.45 kobo, up from 7.27 kobo. The improvement was supported by reduced finance costs, lower foreign exchange losses, and a significant turnaround from a N54.7bn forex loss in 2024 to a N407m gain this year.
On the balance sheet, total assets rose to N1.33tn from N1.1tn, while total equity strengthened to N689.1bn from N429.1bn as of December 2024. Current assets expanded to N899.2bn, driven by higher trade receivables and related company balances, while inventories declined to N91.3bn. Cash and short-term deposits improved to N40.9bn from N31.3bn. Liabilities eased slightly to N644.1bn from N666.4bn, with current liabilities dipping to N607.5bn. The company also increased its investment in property, plant, and equipment to N434.1bn, underscoring its continued expansion drive.
