- With N504 Billion Dividend Approval
BUA Foods Plc has unveiled an ambitious new phase of growth that will significantly expand its manufacturing capacity, strengthen Nigeria’s food security and accelerate its emergence as the country’s largest food manufacturing company, as shareholders endorsed the Company’s long-term strategic direction at its 5th Annual General Meeting held at Transcorp Hilton Hotel, Abuja.
The expansion programme, one of the most significant in the Company’s history, includes a substantial increase in wheat milling capacity, the planned introduction of noodles into its product portfolio, the finalisation of its edible oils business and continued investments across its integrated manufacturing operations.
Together, these initiatives are expected to deepen domestic food production, broaden consumer choice and reinforce BUA Foods’ position as one of Africa’s leading food manufacturing companies.
The strategic investments come on the back of another record year of performance, during which BUA Foods delivered revenue of N1.77 trillion, representing a 16% increase over the previous year, while Profit After Tax rose by 95% to N518.4 billion, reflecting the Company’s disciplined execution, operational efficiency and resilient business model despite a dynamic operating environment.
Shareholders at the meeting approved all resolutions presented by the Board, including the Audited Financial Statements for the financial year ended December 31, 2025, the payment of a final dividend of N28.00 per ordinary share, amounting to N504 billion, the re-election of retiring Directors, the appointment of members of the Audit Committee and other statutory resolutions.
Building Capacity to Feed a Growing Nation
As part of its long-term growth strategy, BUA Foods is making significant investments designed to strengthen Nigeria’s food manufacturing ecosystem and improve the availability of essential food products.
The Company’s ongoing expansion includes a substantial increase in wheat milling capacity to meet rising domestic demand, the planned launch of a noodles business to broaden its presence in the country’s staple foods market, the completion of its edible oils business and continued investments in manufacturing efficiency across its operations.
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