BUA Foods Plc, the consumer staples giant controlled by billionaire Abdul Samad Rabiu, posted a sharp rise in earnings for the year ended Dec. 31, 2025, as Nigerians’ demand for everyday food items pushed revenue higher despite inflationary pressure.
The company’s unaudited financial statements show profit after tax of ₦507.7 billion (about $366.6 million), nearly double the ₦266.0 billion recorded in the prior year. Turnover rose to ₦1.804 trillion from ₦1.528 trillion in 2024, reflecting higher volumes and pricing across its core lines.
Revenue growth was driven primarily by staple categories, including flour, sugar, pasta, and rice. Bakery flour remained the biggest earner, with sales climbing to ₦704.7 billion from ₦541.6 billion a year earlier. Sugar stayed central – fortified sugar brought in ₦571.4 billion, while non-fortified sugar added ₦184.2 billion.
DON’T MISS THIS: Top 10 most profitable industrial goods stocks in 2025
The packaged food segment also continued to expand. Pasta sales rose to ₦202.7 billion, while rice revenue jumped to ₦95.7 billion from ₦5.56 billion the previous year, one of the steepest increases across the portfolio. Wheat bran contributed ₦35.3 billion, and maize ₦4.47 billion.
BUA Foods’ balance sheet expanded alongside earnings. Total assets grew to ₦1.386 trillion as of Dec. 31, 2025, from ₦1.096 trillion a year earlier. Shareholders’ equity rose to ₦702.8 billion, while retained earnings increased to ₦694.7 billion, reflecting the stronger profit base even after dividends.
Rabiu holds 92.63% of BUA Foods, while his son, Isyaku Naziru Rabiu, owns 1.62%, taking the family’s combined stake to 94.25%, a structure that keeps strategic control firmly within the Rabiu camp.
