BUA Foods Plc kicked off 2025 with a stellar performance, posting a 124 percent surge in net profit to N125.28 billion, according to its unaudited first-quarter results.
The company’s top-line revenue also grew by 24 percent to N442.1 billion, underscoring robust consumer demand and improved internal efficiency despite ongoing macroeconomic headwinds.
The food manufacturing giant saw strong contributions across its business segments, particularly from flour and rice. Flour revenue jumped 145 percent to N176.2 billion, while rice posted an unprecedented 1617 percent increase to N13.02 billion, albeit from a lower base.