BUA Foods Plc recorded an 11 per cent improve in profit after tax to N450.47bn in the 9 months ended September 30, 2026.
The firm’s unaudited monetary outcomes confirmed that profit after tax rose from N405.27bn recorded in the corresponding interval of 2025, whereas profit earlier than tax elevated by 11 per cent to N480.52bn.
Revenue, nevertheless, fell by 19 per cent to N1.15tn throughout the interval.
The Managing Director of BUA Foods, Ayodele Abioye, attributed the decline in income to decrease costs and decreased client demand, however stated price administration and improved productiveness supported the rise in profitability.
“Despite a 19 per cent decline in revenue to N1.15tn, driven by softer pricing conditions and subdued consumer demand, we maintained a substantial improvement in profitability through effective cost optimisation, improved productivity and rigorous execution across the business,” he stated.
Gross profit elevated to N552.90bn from N520.65bn in the corresponding interval of 2025, whereas gross profit margin expanded to 48.3 per cent from 36.7 per cent.
The firm additionally reported a 20 per cent discount in complete working bills to N66.99bn from N83.65bn.
Selling and distribution bills fell by 15 per cent to N45.04bn, whereas administrative bills declined by 28 per cent to N21.95bn.
Operating profit margin elevated to 43 per cent from 31 per cent, whereas earnings per share rose by 11 per cent to N25.03 from N22.52 in the corresponding interval of 2025.
Abioye stated the corporate would proceed to make investments in its distribution community and broaden its market attain.
“The sustained strength of our brands and our continued investment in route-to-market capabilities provide a solid foundation for future growth,” he added.
He stated the corporate remained centered on driving worthwhile progress, enhancing market penetration and sustaining operational effectivity.
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