BUA Foods’ rice revenue skyrockets over 1,600% in full-year report

BUA Foods Plc has reported a huge shift in its revenue mix, headlined by a staggering 1,612% explosion in rice sales that helped propel the consumer goods giant to a record-breaking financial year.

The unaudited results for the period ended December 31, 2025, showcase a business successfully scaling its newest frontier while maintaining dominance in traditional categories.

It followed from a similarly massive performance in the first half of 2025, when BUA Foods Plc’s rice division recorded an almost 3,000% year-on-year revenue increase.

For the whole year, rice revenue reached ₦98.1 billion, up from just ₦5.7 billion in 2024, driven by “steady milling operations” as the company aggressively expands its footprint in the staple food market.

The sectoral surge provided a powerful tailwind to the group’s overall performance, even as other core segments like flour and sugar continued to post significant gains.

The company’s total revenue surged 18% to cross the ₦1.8 trillion mark, up from ₦1.53 trillion the previous year.

Flour revenue grew 27% to ₦746.8 billion, benefiting from a combination of volume growth and strategic pricing. Meanwhile, the sugar division remained the largest contributor to the top line, bringing in ₦756.7 billion.

Steeper Trajectory for Profit

Profit after tax soared by 91% to ₦507.7 billion, while earnings per share jumped to ₦28.21. The bottom-line performance was significantly aided by a 92.3% reduction in net finance costs, which plummeted to ₦14.4 billion due to a lack of additional borrowing during the period.

The group’s gross profit margin appreciated to 37.3%, reflecting the impact of higher sales volumes and cost-management initiatives that offset a 15% rise in raw material and energy costs. Total assets grew 27% to reach ₦1.386 trillion, fueled by production capacity expansions and trade transactions.

“The 2025 financial year reflected strong operational execution,” said Ayodele Abioye, Managing Director of BUA Foods. “Looking ahead, BUA Foods remains focused on margin preservation within a competitive operating environment while advancing its ongoing business expansion projects.”

With equity jumping 64% to ₦702.8 billion, the company enters 2026 with a heavily bolstered balance sheet and a clear mandate for further regional expansion.