BUA Foods grows profit despite lower revenue in H1 2026
BUA Foods Plc reported strong profit growth for the first half of 2026, even as its revenue declined by 16 per cent. The company’s profit after tax rose to N292.27bn, driven by improved operational efficiency and disciplined cost management. Ayodele Abioye, Managing Director of BUA Foods, highlighted the company’s resilience and focus on expanding profit margins. The firm plans to leverage operational gains for future growth.
TLDR
- BUA Foods posted a profit after tax of N292.27bn for the six months ended June 30, 2026, a 12 per cent increase from N260.10bn in the corresponding period of 2025.
- Revenue dropped by 16 per cent to N765.12bn from N912.51bn in the first half of 2025.
- Operating profit rose by 13 per cent to N320.50bn, and profit before tax increased by 14 per cent to N314.90bn.
- Ayodele Abioye credited the results to effective cost management, supply chain improvements, and an optimized product mix.
- The company is accelerating investments in production capacity and aims to translate operational improvements into higher sales volumes in the second half of the year.
