BUA Foods Proposes Record N28 Dividend as Profit Hits N518bn in 2025 

By: Amarachi Okonkwo  

BUA Foods Plc has signalled strong confidence in its growth strategy after proposing a record-breaking dividend payout on the back of an impressive 2025 financial performance. 

The company announced a proposed dividend of N28 per share, representing a 115 per cent increase from the N13 paid in the previous year. The proposed payout follows a 95 per cent surge in profit after tax, which rose to N518.4bn for the year ended December 31, 2025. 

BUA Foods’ audited financial results also showed revenue climbed to N1.77tn, marking a 16 per cent increase from N1.53tn recorded in 2024. The growth was driven by sustained demand across its core product segments, including sugar, flour, pasta and rice, reinforcing the company’s diversified business model. 

Chairman of the company, Abdul Samad Rabiu, said the performance reflects the resilience of the firm’s strategy despite operating in a challenging macroeconomic environment. 

“Our 2025 performance reflects the strength of our growth strategy and our ability to consistently scale revenue in a dynamic operating environment,” he said. “The significant increase in our proposed dividend underscores our commitment to delivering enhanced value to our shareholders while continuing to invest in the future of the business.” 

The company’s balance sheet also strengthened during the period, with total assets rising by 27 per cent to N1.39tn. Management attributed the strong bottom-line performance to a combination of market expansion initiatives and improved operational efficiency. 

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Managing Director, Ayodele Abioye, said the company remains focused on sustaining growth through strategic investments. 

“Our focus remains on driving sustainable revenue growth through capacity expansion, market penetration, and an improved end-to-end supply chain,” Abioye said. “The strong demand across our product categories reinforces our strategic direction, and we are well-positioned to build on this momentum.” 

Despite ongoing economic headwinds, including inflationary pressures and currency volatility, the company maintained a solid financial position by optimising its cost structure and strengthening supply chain efficiency. 

The proposed total dividend payout of N504bn is subject to shareholder approval at the company’s 2026 Annual General Meeting. 

In its official statement, the company noted that while profitability remained robust, performance was largely driven by revenue expansion and disciplined cost management. 

With strong fundamentals and continued investment in capacity, BUA Foods said it is well-positioned to sustain its growth trajectory while contributing to food security and broader economic development in Nigeria and across West Africa. 

The results further cement the company’s position as a leading player in Nigeria’s consumer goods sector, delivering one of the most significant dividend increases in recent industry history.