BUA Foods Posts N450.47bn Profit After Tax for 9 Months’ Operations

BUA Foods Plc has reported a profit after tax of N450.47 billion for the nine months ended 30 September 2026, an increase of 11% from N405.27 billion recorded in the corresponding period of 2025.
The company’s unaudited results showed that gross profit rose to N552.90 billion from N520.65 billion in the prior-year period. Gross profit margin increased to 48.3 per cent, from 36.7 per cent in the corresponding period of 2025.
Revenue declined by 19 per cent to N1.15 trillion during the period. BUA Foods attributed the decline to softer pricing conditions and subdued consumer demand.
Cost of sales reduced by 34 per cent to N592.94 billion, which the company said reflected lower topline co...