Key Factors
- BUA Meals’ market worth surged from $4.88 billion to $6.76 billion in 2025, surpassing MTN Nigeria and Dangote Cement.
- First-half 2025 income rose 36% to $596 million; web revenue doubled to $170 million, pushed by robust gross sales and price administration.
- Abdul Samad Rabiu’s web price hits $7.3 billion, fueled by BUA Meals’ rise as Nigeria’s most precious publicly traded firm.
BUA Meals, the Lagos-based meals firm largely owned by billionaire Abdul Samad Rabiu, has risen to turn into probably the most useful firm on the Nigerian Exchange (NGX). It’s now the one Nigerian agency with a market capitalization exceeding N10 trillion, overtaking established giants resembling MTN Nigeria, the telecom chief, and Dangote Cement, the nation’s greatest cement producer managed by Aliko Dangote.
The corporate’s development over the previous seven months has been exceptional. For the reason that begin of 2025, BUA Meals’ share value has climbed by 38.5 %, lifting its market worth from N7.46 trillion ($4.88 billion) to a formidable N10.34 trillion ($6.76 billion). This improve, almost N2.9 trillion ($1.88 billion), speaks to the boldness buyers have within the firm, at the same time as Nigeria’s economic system continues to face challenges.
BUA tops Nigerian inventory trade
BUA Foods has earned its repute by specializing in a variety of important meals merchandise. Its portfolio contains well-known manufacturers like BUA Sugar Refinery, BUA Oil Mills, IRS Flour, IRS Pasta, and BUA Rice. This variety reveals how the corporate performs a key position in Nigeria’s meals provide and industrial sectors.
Possession stays largely within the palms of Abdul Samad Rabiu and his son, Isyaku Naziru Rabiu, who collectively management 94.25 % of the corporate. Rabiu himself holds 92.63 %, whereas Isyaku Naziru owns 1.62 %, equal to 291.34 million shares. This shut household possession has helped present regular management and a transparent sense of function that has delivered constant outcomes.
At the moment, BUA Meals leads the NGX in market capitalization with $6.76 billion. MTN Nigeria is second with N9.66 trillion ($6.31 billion), whereas Dangote Cement is third at N9.57 trillion ($6.25 billion). This new rating highlights a shift in Nigeria’s capital markets, with a regionally grown meals producer now forward of the nation’s greatest telecom and cement firms.
Robust gross sales drive monetary features
The corporate’s robust valuation is backed by strong enterprise efficiency. Its unaudited monetary outcomes for the first half of 2025 show revenue of N912.5 billion ($596 million), a 36 % improve from N672.4 billion ($439.2 million) throughout the identical interval final yr. This development displays regular demand throughout all product strains and highlights the power of its numerous choices in a aggressive market.
Internet revenue greater than doubled, rising from N130.9 billion ($85.5 million) within the first half of 2024 to N260 billion ($169.8 million) this year. The corporate credit this leap to elevated gross sales, good pricing methods, and lowered finance prices, an indication of efficient administration and disciplined monetary planning.
BUA Meals’ monetary place is strengthened by development in property, which rose from N1.09 trillion on the finish of 2024 to N1.33 trillion ($869 million) by mid-2025. Retained earnings elevated from N421 billion ($275 million) to N681 billion ($445 million), whereas fairness grew from N429 billion ($280.4 million) to N681.1 billion ($445 million). These numbers present a strong steadiness sheet, giving confidence and offering a basis for future investments.
Rabiu’s web price climbs to $7.3 billion
This robust efficiency has raised Abdul Samad Rabiu’s web price to $7.3 billion, in accordance with Forbes. His standing amongst Africa’s main entrepreneurs highlights not simply his sharp enterprise abilities, but additionally the necessary position BUA Meals performs in Nigeria’s industrial improvement.
In a interval when many firms are coping with uncertainty attributable to world market modifications and financial challenges, BUA Meals’ rise as Nigeria’s most precious firm displays regular progress, considerate diversification, and clear management.
As Abdul Samad Rabiu’s meals enterprise expands, its rising presence on the Nigerian Alternate gives a constructive signal of confidence within the nation’s manufacturing sector and a hopeful have a look at how the economic system is shifting.
