BUA Foods Reports N450.47bn Profit for Nine Months

BUA Foods Plc announced a profit after tax of N450.47 billion for the nine months ending 30 September 2026, marking an 11% increase from N405.27 billion in the same period of 2025. The company's unaudited results revealed a gross profit rise to N552.90 billion, up from N520.65 billion, with a gross profit margin increase to 48.3% from 36.7%.

Revenue, however, declined by 19% to N1.15 trillion, attributed to softer pricing conditions and subdued consumer demand. Cost of sales decreased by 34% to N592.94 billion, reflecting lower topline costs and a stable foreign exchange environment.

Total operating expenses fell by 20% to N66.99 billion. The Managing Director, Engr. Ayodele Abioye, stated that the performance demonstrated the resilience of the company's operating model and emphasized cost optimization and improved productivity.

He affirmed BUA Foods' commitment to driving profitable growth and enhancing market penetration.