Key Factors
- BUA Meals’ H1 2025 income jumped 36% to $596 million, pushed by sturdy sugar, flour, pasta, and rice phase development.
- Internet revenue practically doubled to $169.8 million as pricing methods and lowered finance prices supported earnings.
- BUA Meals’ market cap hit $5.7 billion after inventory gained 5.32%, with retained earnings now totaling $445 million.
BUA Meals Plc, the Lagos-based meals large majority-owned by Nigerian billionaire Abdul Samad Rabiu, posted sturdy outcomes for the primary half of 2025, exceeding expectations from analysts and buyers. Between January and June, the group’s income rose sharply to just about $600 million, serving to earnings nearly double throughout the identical interval.
In keeping with its unaudited financials for the six months ended June 30, 2025, BUA Meals generated N912.5 billion ($596 million) in income, up 36 % from N672.4 billion ($439.2 million) recorded in the identical interval final yr. The rise was pushed by strong efficiency throughout all enterprise segments, reflecting continued demand for its big selection of meals merchandise.
Sugar, flour, pasta drive development
Gross sales from its sugar enterprise grew by 8 % to N398.1 billion ($260 million), up from N369.8 billion ($241 million) within the first half of 2024. Flour gross sales jumped 66 % to N378.2 billion ($247 million), in comparison with N227.3 billion ($148.4 million) in the identical interval final yr.
The pasta phase additionally posted a robust displaying, with income climbing 31 % to N96.9 billion ($63.3 million), whereas the rice division noticed a exceptional surge, rising greater than 2,900 % to N39.3 billion ($35.7 million) from simply N1.3 billion ($0.85 million) a yr earlier.
With stronger gross sales throughout all classes, web revenue for the half-year practically doubled, rising from N130.9 billion ($85.5 million) in H1 2024 to N260 billion ($169.8 million) in H1 2025. The group attributed this achieve to larger gross sales volumes, favorable pricing methods, and lowered finance prices in the course of the interval.
CEO cites resilience, provide chain wins
Commenting on the results, Ayodele Abioye, Managing Director of BUA Meals, stated the corporate was inspired by the progress made within the second quarter, regardless of broader financial headwinds.
“We’re inspired by the sustained efficiency recorded within the second quarter of 2025, amidst an bettering macroeconomic setting,” Abioye stated. “Key indicators corresponding to inflation and a deepened change price margin proceed to form shopper conduct and operational selections; nevertheless, our resilience as a enterprise stays evident by way of constant topline and bottom-line development pushed by our time-tested and distinctive strategic enterprise mannequin.”
He added that BUA Meals stays centered on strengthening its operations, bettering provide chain effectivity, and sustaining affordability throughout its product vary. “We stay dedicated to strengthening our development levers, driving agility by way of our built-in provide chain techniques and continued investments throughout all manufacturing operations,” he stated.
Retained earnings now at $445 million
BUA Meals operates a number of core companies together with BUA Sugar Refinery, BUA Oil Mills, IRS Flour, IRS Pasta, and BUA Rice. Abdul Samad Rabiu and his son, Isyaku Naziru Rabiu, management a mixed 94.25 % stake within the firm. Abdul Samad holds 92.63 %, whereas Isyaku owns 1.62 %, representing 291.34 million shares.
Following the sturdy half-year displaying, BUA Meals’ complete property rose from N1.09 trillion as of Dec. 31, 2024, to N1.33 trillion ($869 million) as of June 30, 2025. Retained earnings elevated from N421 billion ($275 million) to N681 billion ($445 million), whereas shareholders’ fairness climbed from N429 billion ($280.4 million) to N681.1 billion ($445 million).
The corporate’s share worth additionally responded positively. Over the previous week, BUA Meals inventory rose 5.32 % on the Nigerian Trade, boosting its market capitalization to N8.7 trillion ($5.7 billion) and reaffirming its place as probably the most useful listed corporations within the nation.
