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Home Business & Finance Business

BUA Foods proposes ₦28 dividend as profits approach ₦520bn

Quadri Olaitan by Quadri Olaitan
April 1, 2026
in Business
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BUA Foods

BUA Foods proposes record N28 per share dividend after 95% profit growth in 2025, reflecting strong financial performance and market expansion

BUA Foods Plc has signalled strong confidence in its operational strategy by proposing a record-breaking dividend of N28 per share following an exceptional 2025 financial year.

Also read: BUA Foods dividend 2024 jumps 136% to N13 per share

The proposed dividend marks a 115 per cent increase from the N13 per share paid the previous year, as the company’s Profit After Tax surged 95 per cent to N518.4bn.

The company’s audited results for the year ended 31 December 2025 show revenue climbed 16 per cent to N1.77tn, up from N1.53tn in 2024.

Growth was supported by sustained demand across its diversified portfolio, which includes sugar, flour, pasta, and rice.

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Speaking on the performance, Chairman Abdul Rabiu said, “Our 2025 performance reflects the strength of our growth strategy and our ability to consistently scale revenue in a dynamic operating environment.

The significant increase in our proposed dividend underscores our commitment to delivering enhanced value to shareholders while continuing to invest in the future of the business.”

Total assets rose 27 per cent to N1.39tn, driven by market expansion and a focus on internal efficiencies.

Managing Director Ayodele Abioye noted, “Our focus remains on driving sustainable revenue growth through capacity expansion, market penetration, and an improved end-to-end supply chain.

Strong demand across our product categories reinforces our strategic direction, and we are well-positioned to build on this momentum.”

Despite macroeconomic complexities, BUA Foods maintained a solid financial position by optimising cost structures and supply chain management.

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

The company added, “With strong fundamentals, BUA Foods remains well-positioned to sustain its growth trajectory while contributing to food security and economic development in Nigeria and across West Africa.”

Also read: MTN, BUA foods, Cadbury clear overseas debts as dollar supply improves

The results cement BUA Foods’ status as a market leader, rewarding investors with one of the most significant dividend jumps in the history of Nigeria’s consumer goods sector.

Quadri Olaitan
Quadri Olaitan

Quadri Olaitan is a journalist and contributor to Freelanews.com, covering news, public affairs, and human-interest stories.

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