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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

BUA Foods

BUAFOODS · Nigerian Exchange · Consolidated statements

On this page
Company details
Legal name
BUA Foods Plc
Listing
BUAFOODS on the Nigerian Exchange, active · ISIN NGBUAFOODS04 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2025 · annual report, signed / final · source

Read with these figures

  • Auditor's emphasis of matter. No emphasis-of-matter or going-concern paragraph; the auditor states 'We have determined that there are no key audit matters to communicate in our report.' (PDF p19).
Full wording and sources

  • Auditor's emphasis of matter

    No emphasis-of-matter or going-concern paragraph; the auditor states 'We have determined that there are no key audit matters to communicate in our report.' (PDF p19).

    Source: BUA FOODS PLC Annual report and financial statements For the year ended 31 December 2025 (dated 2026-03-30)

  • Revenue

    NGN 1.77 trillion

    1,774,634,967 NGN thousands · p23

    +16.1% vs 2024

  • Operating profit / (loss)

    NGN 657 billion

    656,609,488 NGN thousands · p23

    +39.1% vs 2024

  • Profit / (loss) for the year

    NGN 518 billion

    518,387,980 NGN thousands · p23

    +94.9% vs 2024

  • Total assets

    NGN 1.39 trillion

    1,387,793,769 NGN thousands · p24

    +26.7% vs 2024

  • Total equity

    NGN 713 billion

    713,444,623 NGN thousands · p24

    +66.3% vs 2024

  • Cash from operations

    NGN 406 billion

    406,104,553 NGN thousands · p27

    −25.4% vs 2024

Large amounts are rounded for reading (NGN million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in NGN thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — annual report, signed / final; reported for the year · source
  • FY2024 — annual report, signed / final; comparative in the FY2025 filing · source

Income statement

Income statement, NGN thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Revenue from contracts with customers 1,774,634,967 1,527,919,069
Cost of sales (1,037,376,674) (987,104,026)
Gross profit 737,258,293 540,815,043
Administrative expenses (37,826,468) (28,555,840)
Selling and distribution expenses (44,247,735) (40,262,215)
Net impairment write-back/(loss) on financial assets 940,570 (1,006,140)
Other income 484,828 1,111,942
Operating profit 656,609,488 472,102,790
Finance income 11,861,000 15,421,000
Finance cost (146,940,641) (203,200,794)
Finance costs - net1 (135,079,641) (187,779,794)
Profit before income tax 521,529,847 284,322,996
Income and deferred tax expense (3,141,867) (18,325,186)
Profit after tax 518,387,980 265,997,810
Other comprehensive income –2 –2
Total comprehensive income for the year 518,387,980 265,997,810
  1. Printed “-”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Notes and alternative reported figures (1)
  1. “Finance costs - net” is an issuer-specific line, not mapped to a shared definition: Printed subtotal of finance income and finance cost.

Balance sheet

Balance sheet, NGN thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Property, plant and equipment 394,305,505 379,947,095
Right-of-use assets 97,940 107,445
Investment in subsidiaries1 –2 –2
Total non-current assets 394,403,445 380,054,540
Inventories 81,384,529 118,401,086
Trade receivables and other assets 101,889,303 18,351,319
Cash and balances with banks 56,364,120 31,310,225
Due from related parties3 753,752,372 547,387,072
Total current assets 993,390,324 715,449,702
Total assets 1,387,793,769 1,095,504,242
Share capital 9,000,000 9,000,000
Reorganisation reserves4 (943,228) (943,228)
Retained earnings 705,387,851 420,999,871
Total equity 713,444,623 429,056,643
Deferred tax liabilities 1,975,071 32,133,426
Borrowings 40,144 796,498
Lease liabilities 95,663 99,921
Government grants5 1,876 24,445
Total non-current liabilities 2,112,754 33,054,290
Contract liabilities 82,413,116 123,066,803
Current income tax payable 54,908,793 24,318,395
Lease liabilities 16,726 20,845
Bank overdraft 25,702,364 1,482
Borrowings 365,944,579 391,060,435
Due to related parties6 –7 –7
Trade and other payables 143,228,245 94,877,770
Government grants5 22,569 47,579
Total current liabilities 672,236,392 633,393,309
Total liabilities 674,349,146 666,447,599
Total equity and liabilities 1,387,793,769 1,095,504,242
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.current_liabilities.
Notes and alternative reported figures (5)
  1. “Investment in subsidiaries” is an issuer-specific line, not mapped to a shared definition: Note 25; Group columns print dashes (company-only line).
  2. “Due from related parties” is an issuer-specific line, not mapped to a shared definition: Note 24b; current asset.
  3. “Reorganisation reserves” is an issuer-specific line, not mapped to a shared definition: Reserve arising on the reorganisation (statement of changes in equity).
  4. “Government grants” is an issuer-specific line, not mapped to a shared definition: Note 20.
  5. “Due to related parties” is an issuer-specific line, not mapped to a shared definition: Note 24b; current liability; Group columns print dashes.

Cash flow

Cash flow, NGN thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Cash generated from operations 409,007,036 544,405,307
Minimum tax paid1 (192,659) (10,640)
Current income tax paid (2,709,824) –2
Net cash generated from operating activities 406,104,553 544,394,667
Purchase of property, plant and equipment (24,178,002) (31,554,700)
Proceeds from disposal of property, plant and equipment –3 1,307
Interest received 7,963,313 15,421,000
Net cash (used in)/generated from investing activities (16,214,689) (16,132,393)
Proceeds from borrowings 68,770,772 93,279,400
Repayment of borrowings (199,231,027) (564,796,459)
Interest paid on borrowings (25,454,856) (25,762,711)
Lease payments4 (21,740) –5
Dividend paid (234,000,000) (99,000,000)
Net cash used in financing activities (389,936,851) (596,279,770)
Net decrease in cash and cash equivalents (46,987) (68,017,496)
Exchange difference on cash and cash equivalents (600,000) (225,375)
Cash and cash equivalents at the beginning of the year 31,308,743 99,551,614
Cash and cash equivalents at the end of the year 30,661,756 31,308,743
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_operations.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  3. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (2)
  1. “Minimum tax paid” is an issuer-specific line, not mapped to a shared definition: Note 19a; operating activities.
  2. “Lease payments” is an issuer-specific line, not mapped to a shared definition: Note 14b; financing activities; one line (2024 printed '-').

Per share and shares

Per share and shares. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Earnings / (loss) per share (per share)1 28.80 14.78
Notes and alternative reported figures (1)
  1. Earnings / (loss) per share: printed as “Basic and diluted earnings per share (EPS) (Naira)”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Dec 2025 Dividends paid (cash flow statement) Dividend paid (234,000,000) NGN thousands Annual report, p27
31 Dec 2024 Dividends paid (cash flow statement) Dividend paid (99,000,000) NGN thousands Annual report, p27

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • BUA FOODS PLC Annual report and financial statements For the year ended 31 December 2025

    Year ended 31 December 2025 · Annual report · signed / final

    Audit: PricewaterhouseCoopers (Chartered Accountants, Lagos), unmodified opinion · signed

    Auditor's sign-off: Oladele Oladipo, engagement partner, for PricewaterhouseCoopers

    Final status: Independent auditor's report signed (handwritten signature) for PricewaterhouseCoopers, Chartered Accountants, Lagos, by the engagement partner Oladele Oladipo (FRC/2013/PRO/ICAN/004/00000002951), dated 30 March 2026 with the ICAN seal (PDF p22, page image; opinion on PDF p19). Statements approved by the board on 26 March 2026 and signed by the chairman (Abdul Samad Rabiu), the managing director/CEO (Ayodele Musibau Abioye) and the acting CFO (Ehimah Michael Etumudon) (PDF p24, page image).

    Document date
    30 Mar 2026
    Auditor's report
    30 Mar 2026
    Board approval
    26 Mar 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    consolidated statements · NGN thousands (printed “₦'000”)
    • The publication date in the NGX file name (March 2026) is not printed in the document.
    Technical details
    File
    71 pages, with a text layer
    SHA-256
    b7d8f2c700459eaa2a6c7cd056bd6ae304ccc0ca6d6affa5843d9318cb99badb
    Entity as printed
    BUA Foods Plc ("the company") and its subsidiaries (together "the group") (RC:621320)
    Exchange copy
    retrieved 2026-10-08T17:56:04Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

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