BUA Foods to Vote on N504bn Dividend at AGM

BUA Foods shareholders are set to vote on a proposed dividend payout of N504 billion during the company's fifth annual general meeting scheduled for July 15 at the Transcorp Hilton Hotel in Abuja. The board of directors has proposed a dividend of N28.00 per ordinary share, subject to shareholder approval.

BUA Foods reported a strong financial year, with total revenue of N1.77 trillion for the financial year ending December 31, 2025, representing a 16% increase from the previous year. Profit before tax rose significantly by 95% to N518.4 billion, while total assets increased by 27% to N1.39 trillion.

This growth was attributed to continued investments in manufacturing capacity and operational efficiency. Ayodel Abioy, the Managing Director of BUA Food PLC, stated that the AGM would provide an opportunity for shareholders to engage with the company's performance and future plans, emphasizing the company's resilience despite challenging economic conditions.