BUA Foods Plc has announced a final dividend of N13 per ordinary share of 50 kobo, following a strong financial performance in 2024.
Disclosed in a statement filed with the Nigerian Exchange, the dividend will be paid to shareholders whose names appear in the Register of Members as of August 21, 2025. The disbursement will be made electronically on September 25, 2025.
The decision to issue a dividend follows the release of the company’s financial statements, which highlights a significant increase in revenue and earnings.
BUA Foods’ revenue doubled in the 2024 financial year, reaching N1.5 trillion, compared to N729.5 billion in 2023.
The profits and assets were not left behind as they also grew substantially, with profit before tax surging by 163% to N284.3 billion from N108.1 billion. Gross profit jumped by 108% to N540.8 billion, up from N260.5 billion.
The total assets improved to N1.10 trillion from N1.07 trillion while the total liabilities decreased by 18% to N666.5 billion from N808.4 billion. Also, Profit after tax jumped by 137% to N265.9 billion, from N112 billion.
With this strong performance and dividend declaration, shareholders stand to benefit from the company’s growth.
BUA Foods has advised shareholders with incomplete e-dividend registrations to update their details with the Registrar or their respective banks to ensure smooth payment.
