BUA Foods don announce say dem make N292 billion profit for first half of 2026, even as revenue reduce by 16 per cent. The company disclose this one for statement wey dem release on Thursday, together with dem unaudited financial results for six months wey end on June 30, 2026.
According to the company, the lower revenue na because dem moderate pricing for dia major product categories, as inflation dey worry di whole economy. But dem say say na stronger supply chain execution, reduced operating expenses, and lower finance costs wey help dem to improve profitability.
Commenting on the result, di Managing Director of BUA Foods, Ayodele Abioye, talk say company performance for first half show say dem fit navigate difficult operating environment, while dem still dey expand profit margins. He say, “BUA Foods don show strong resilience for first half of 2026, wey dem navigate challenging environment with discipline and agility. Our performance reflect effective cost management, ongoing improvements for supply chain execution, and more optimised product portfolio mix.”
He add say, “Despite 16 per cent decline for revenue, we expand margins and deliver double-digit growth across key financial indicators. This outcome dey show di strength of our business model, di quality of execution across our operations, and our strong commitment to operational excellence.”
The company talk say di stronger financial position go support ongoing strategic investments wey aim to expand production capacity and strengthen dia manufacturing operations. Dem say dem dey accelerate one of di biggest expansion programmes for dia history, through investments for additional wheat milling capacity, completion of dia edible oils business, introduction of noodles into dia product portfolio, and expansion of dia integrated manufacturing operations.
The company note say di investments go help deepen domestic food production and contribute to Nigeria long-term food security objectives. BUA Foods add say dem go continue to pursue long-term growth through investments for production capacity, operational efficiency, innovation, and market expansion. Dem express confidence say di strategy go support sustainable earnings growth and consolidate dia position among Africa leading food manufacturing companies.
