BUA Foods Sustains Strong Operational Momentum With 124% Rise in Q1 2025 Profit

In the unaudited financial statements released on Friday, the firm said its post-tax profit was N125.3 billion as of March 31, 2025, versus the N55.8 billion recorded in the same period of 2024, as its pre-tax profit went up by 118.7 per cent to N136.4 billion from N62.4 billion.

The financial results of the firm between January and March 2025 analysed by Business Post showed that the revenue increased by 24 per cent to N442.1 billion from N356.9 billion, driven by a 145 per cent jump in the flour business to N176.2 billion from N80.9 billion, a 12 per cent rise in pasta to N41.5 billion from N37.04 billion, and a 1617 per cent growth in rice to N13.02 billion from N780 million despite an 11 fall in the sugar segment to N211.3 billion from N238.2 billion.

It was observed that the company ended the period with a 39 per cent appreciating in gross profit to N160.9 billion from N115.4 billion amid a 16 per cent leap in cost of sales.

BUA Foods ended the first of the four quarters of the year with an operating profit of N138.9 billion versus the N104.7 billion achieved in the same period of last year, representing a 33 per cent uptick.

“We are pleased to begin 2025 on a strong note, as our business continued to demonstrate resilience and adaptability amidst a still-evolving macroeconomic landscape.

“Despite operating in a high-cost environment, our proactive supply chain measures and improved internal efficiencies enabled us to sustain strong operational momentum,” the chief executive of BUA Foods, Mr Ayodele Abioye, stated.

“Our ongoing investments in production capacity, product/package innovation and route-to-market development continue to impact our results positively, enabling fulfilment of customer and consumer demand.

“As we look ahead, we remain focused on deepening our market penetration and accelerating innovation to meet changing consumer needs. With a stabilizing economy and growing emphasis on food security, we are confident that our unique and integrated business model, strong financial position, and robust execution will continue to enhance our strategic growth and create lasting value for all stakeholders throughout 2025,” he added.