By Bisi Bamishe Africa's leading food manufacturing company, BUA Foods Plc, will hold its 5th Annual General Meeting on Wednesday, July 15, 2026, at the Transcorp Hilton Hotel, Abuja, where shareholders will consider the Company's Audited Financial Statements for the year ended December 31, 2025, alongside other statutory and governance matters. The meeting comes on the heels of another landmark year for the Company, during which BUA Foods delivered strong financial performance, expanded operational efficiency and reinforced its position as one of Nigeria's most valuable consumer goods companies. For the financial year ended December 31, 2025, BUA Foods reported revenue of ₦1.77 trillion, representing a 16% increase over the previous year. The Company also recorded a 95% growth in Profit After Tax to ₦518.4 billion, while total assets increased by 27%to ₦1.39 trillion, reflecting continued investment in manufacturing capacity and capabilities, operational excellence and long-term value creation. The Board of Directors has proposed a dividend of ₦28.00 per ordinary share, amounting to a total distribution of approximately ₦504 billion, subject to shareholder approval at the Annual General Meeting. Commenting ahead of the meeting, the Managing Director of BUA Foods Plc, Engr. Ayodele Abioye, PhD, said; “The 5th Annual General Meeting provides an important opportunity to engage with shareholders, reflect on another year of strong performance, and discuss the future direction of the business. Despite a dynamic operating environment, BUA Foods continued to demonstrate resilience through disciplined execution and an unwavering commitment to delivering quality food products to millions of consumers. This performance was made possible by the collective efforts and continued support of customers, supply partners, the Board of Directors, management, employees, and other key stakeholders. Looking ahead, the focus remains on creating sustainable long-term value through continuous investments in capacity expansion, with capabilities that strengthen food security for national development.” As BUA Foods continues its growth journey, the Company remains focused on delivering sustainable returns, strengthening stakeholder confidence and advancing its purpose of nourishing lives every day. About BUA Foods Plc BUA Foods Plc is a leading Nigerian food manufacturing and processing company listed on the Nigerian Exchange Limited. The Company is engaged in the processing, manufacturing, and distribution of essential food products, including sugar, flour, pasta, rice, and edible oils. Incorporated in 2021 following the consolidation of key businesses under BUA Group, BUA Foods operates multiple production facilities across Nigeria and serves millions of consumers across Nigeria and West Africa. The Company is committed to advancing food security, delivering high-quality and affordable food products, and creating sustainable value for stakeholders through innovation, operational excellence, and responsible business practices.
Read moreBy Bisi Bamishe Dr. Aminu Maida, Executive Vice-Chairman/CEO, Nigerian Communications Commission (NCC) Dr. Aminu Maida, Executive Vice-Chairman/CEO, Nigerian Communications Commission...
Read moreBy Bisi Bamishe A total of 98 entries were received at the close of submissions for the maiden edition of...
Read moreBy Bisi Bamishe New executive The Pension Fund Operators Association of Nigeria (PenOp) has announced the election of Mr. Donald...
Read moreBy Bisi Bamishe Leadway, Nigeria’s leading non-banking financial and wellbeing conglomerate, has reinforced its commitment to advancing healthcare and medical...
Read moreBy Bisi Bamishe Picture taken today at the Head Office of Sovereign Trust Insurance Plc to mark the International Men's...
Read moreBy Bisi Bamishe Leadway Assurance, Nigeria's leading insurance company, has announced the appointment of Mrs. Adebisi Lamikanra as the new...
Read moreThe 2025 Annual NAICOM Seminar for insurance journalists took place at Park Inn By Radisson, Abeokuta, Ogun State. Insurance journalists...
Read moreBy Bisi Bamishe Some members of GOCOP at the PRFest 2025 .Mr. Sakibu Olokojobi, Mrs Victoria Ibanga and Ogbuefi Remmy...
Read moreBy Bisi Bamishe As part of its continuous efforts to promote knowledge sharing and overall well-being within the industry, the...
Read moreBisladnews.com is an online publication of Bislad Communication Network Company. It is a news platform dedicated to providing top news.
©2024 - Bislad News