BUA Foods PLC has released its unaudited financial results for the third quarter (Q3) of 2025, covering the period from July to September 2025.
The food manufacturing giant grew its revenue from ₦1.07 trillion in Q3 2024 to ₦1.42 trillion in Q3 2025, representing a 33% year-over-year increase.
The growth was driven by stronger market demand for its core products, such as Sugar, Flour, Pasta, Rice, and Edible Oils, and as well as the Federal Government’s staple food import waiver granted under the Tinubu administration in 2024.
The cost of sales rose from ₦736.98 billion in Q3 2024 to ₦900.08 billion in Q3 2025, a 22% increase. Consequently, gross profit climbed from ₦333.82 billion in Q3 2024 to ₦520.64 billion in Q3 2025.
Profit-before-Tax (PBT) surged from ₦215.66 billion in Q3 2024 to N432.58 billion in Q3 2025, depicting a 100.6% increase, whilst the Profit-after-Tax (PAT) rose from ₦201.39 billion in Q3 2024 to ₦405.27 billion in Q3 2025, growing robustly by 101% year-on-year.
Earnings-per-Share doubled from ₦11.19 in Q3 2024 to ₦22.52 in Q3 2025. Total assets increased to ₦1.24 trillion from ₦1.10 trillion in the same period, while total equity grew to ₦600.33 billion from ₦429.06 billion reported in Q3 2024.
Commenting on the results, Ayodele Abioye, managing director, said:
“BUA Foods has once again demonstrated resilience and strategic agility. Our 9M 2025 performance, highlighted by a strong double-digit revenue growth and a 101% year-on-year increase in profit after tax to ₦405 billion, underscores a sustained growth trajectory supported by ongoing economic reforms and a progressively more stable business environment.”
He further noted that amid an improving operating backdrop, BUA delivered another solid quarter of progress.
“We remain focused on executing our strategic priorities, deepening end-to-end integration across the value chain and harnessing the expertise and commitment of our Board and employees, to sustain value creation. We are particularly grateful to all our stakeholders, supply-chain partners and, most importantly, our customers for their continued trust and support.’’
In terms of segment performance, the sugar division contributed 42% to revenue in Q3 2025. Sugar revenue grew by 10% to ₦599.2 billion in Q3 2025. The increase in revenue is due mainly to increased sales volume within the period.
The Flour division also contributed 42% to revenue in Q3 2025. Revenue increased by 52% to ₦591.5 billion in Q3 2025.
The revenue growth is due to increased volume and improved product mix. The contribution margin dropped marginally to 31% from 32% for the same period last year.
The Pasta division contributed 10% to revenue in Q3 2025. Revenue increased by 12% to ₦150.5 billion in Q3 2025.
The increase in sales revenue is due to increased market demand for BUA Foods Pasta products during the period under review. Contribution margin increased to 37% from 32% for the same period last year.
The Rice division contributed 6% to the revenue in Q3 2025. Revenue increased to ₦79.5 billion in Q3 2025.
On the capital market, BUA Foods closed trading on Tuesday, November 4, 2025, at ₦692.50 per share on the Nigerian Stock Exchange (NGX).
The stock opened the year at ₦415.00, gaining 66.9% year-to-date and ranking 63rd in overall NGX performance.
Over the past four weeks, the stock has appreciated by 10%, making it the 11th best-performing stock on the exchange within that period.
