Prime Business Africa
Over N1.80 trillion was generated as revenue by BUA Foods between the first quarter (Q1) and the fourth quarter (Q4) of 2025, exceeding the N1.52 trillion achieved in the same period in 2024.
According to the company’s unaudited financial statements for the year ended December 31, 2025, the turnover increased by 18.08 percent, rising faster than the cost of production, which increased by 14.68 percent.
Join our WhatsApp ChannelThe company expended N1.13 trillion on production costs last year, compared to the N987.10 billion spent in 2024.
This enabled BUA Foods’ gross profit to increase by 24.28 percent to N672.16 billion between January and December 2025, overshadowing the N540.81 billion posted in 2024.
However, administrative expenses ate into the company’s income, as it rose by 41.67 percent year-to-year, from N28.55 billion to N40.45 billion, while selling and distribution expenses grew by 70.69 percent, from N40.26 billion to N68.72 billion.
But other income offset the impact of administrative, selling and distribution expenses, as it skyrocketed by 113.64 percent, from N1.11 billion in 2024 to N2.37 billion in 2025.
This left BUA Foods with N565,35 billion operating profit last year, which increased by 19.75 percent from the N472.10 billion achieved in 2024.
However, the manufacturer’s earnings took a beating following a 51.10 percent decline in finance income, which dropped from N15.42 billion in 2024 to N7.54 billion in 2025.
But the impact of the decrease in finance income on the bottom line was minimised by an 89.20 percent year-on-year decline in finance costs, as it fell from N203.2 billion to N21.93 billion.
As a result, BUA Foods’ net finance expense dropped by 92.33 percent to N14.39 billion in 2025, below the N187.77 billion reported in the year before.
The impressive earnings enabled the company to absorb a N16.09 billion finance (foreign) exchange loss last year, having recorded zero in 2024.
Consequently, BUA Foods’ profit before tax (PBT) increased to N534.86 billion in 2025, from the N284.32 billion recorded in 2024, representing an 88.12 percent growth.
Out of the pretax profit, the manufacturer paid N27.13 billion as income tax in 2025, which rose by 48.07 percent from the previous year’s N18.32 billion tax expense.
Following the tax deduction, BUA Foods recorded N507.73 billion as profit after tax (PAT) last year, surpassing the N265,99 billion PAT earned in 2024, reflecting a 90.87 percent increase.
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Prime Business Africa is a business, economy and policy news platform founded in 2021 by veteran journalist and media scholar, Dr Marcel Mbamalu, after he left The Guardian as Editor.
Dr Mbamalu, who serves as Founder and Publisher, set up Prime Business Africa to deliver sharp, data-driven reporting on Nigeria’s markets, trade, investment, and governance trends for decision-makers, entrepreneurs, and policy leaders.
He also writes The Bottom Line, a backpage column for Punch Newspaper every Thursday.
Under his leadership, Prime Business Africa combines deep newsroom experience with a focus on accountability journalism, aiming to bridge information gaps between Africa’s private sector and the global economy.
