BUA Foods Proposes Significant Dividend for 2025 Financial Year
BUA Foods Plc, a prominent player in Africa’s food manufacturing sector, has put forward a dividend proposal of 28.00 Naira per ordinary share for the 2025 financial year. This decision represents an impressive outlay of approximately 504 billion Naira.
Shareholder Approval Required for Dividend Proposal
This proposal awaits the green light from shareholders during the company’s fifth annual general meeting (AGM), slated for July 15 at the Transcorp Hilton Hotel in Abuja. Attendees will also review the audited financial statements for the fiscal year ending December 31, 2025, in addition to addressing various statutory and corporate governance matters.
Financial Performance Highlights for 2025
In 2025, BUA Foods reported a remarkable revenue of 1.77 trillion Naira, which marks a 16% increase year-over-year. The company’s profit after tax surged by 95%, reaching 518.4 billion Naira. This financial growth is mirrored by a 27% rise in total assets, which now amount to 1.39 trillion Naira. Such developments indicate ongoing investments in manufacturing and operational excellence aimed at long-term value creation.
Strengthened Market Position Ahead of AGM
The forthcoming AGM comes on the heels of BUA Foods’ robust financial performance and enhanced operational efficiencies, further solidifying its status among Nigeria’s leading consumer goods companies.
Insights from BUA Foods’ Managing Director
Before the AGM, Mr. Ayodele Abioye, Managing Director of BUA Foods Plc, emphasized the significance of the meeting as a platform for engaging with shareholders, evaluating the company’s performance, and charting its future trajectory. He acknowledged that despite navigating a challenging business landscape, the company has managed to excel through disciplined execution and a commitment to providing high-quality food products.
Commitment to Stakeholders and Sustainable Growth
Abioye credited the company’s success to the unwavering support from customers, supply partners, board members, management, employees, and other stakeholders. He reaffirmed BUA Foods’ dedication to fostering sustainable long-term value through ongoing investments in production capacity and enhancing food security as part of the national development agenda.
Looking Ahead: Focus on Sustainable Returns
With the upcoming AGM, BUA Foods remains committed to delivering sustainable returns, nurturing stakeholder trust, and advancing its mission of nourishing everyday lives. The dialogue at this meeting will not only reflect on past achievements but will also set the stage for the company’s future initiatives amidst an evolving market landscape.
