BUA Foods Proposes N28 Dividend Amid N518.4bn Profit Surge
BUA Foods PLC has proposed a dividend of N28 per share, representing a 115% increase from the N13 paid the previous year. The company's profit before tax surged by 95% to N518.4 billion for the financial year ending December 31, 2025.
The audited financial results reveal a robust revenue climb to N1.77 trillion, a 16% increase from N1.53 trillion in 2024. Chairman Abdul Rabiu stated that the performance reflects the strength of the company's growth strategy and its ability to scale revenue in a dynamic operational environment.
Managing Director Ayodel Abioy emphasized the focus on sustainable revenue growth and market penetration, despite the complex macroeconomic landscape. The proposed total payout of N504 billion is subject to shareholder approval at the upcoming 2026 Annual General Meeting.
BUA Foods aims to maintain its solid financial position and contribute to food security and economic development in Nigeria and West Africa.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
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