{"url":"https://newsforagent.com/news/2026-10-30/bua-foods-nine-month-profit-revenue-decline","markdown_url":"https://newsforagent.com/news/2026-10-30/bua-foods-nine-month-profit-revenue-decline.md","title":"BUA Foods Profit Rises 11% to N450.47bn Despite Revenue Drop","headline":"BUA Foods Posts N450.47bn Nine-Month Profit as Revenue Falls 19% to N1.15tn","description":"BUA Foods lifted nine-month profit after tax 11.15% to N450.47bn even as revenue fell 19% to N1.15tn, helped by a 34% cut in cost of sales.","section":"Earnings & Results","published_at":"2026-10-30T19:10:51+00:00","modified_at":"2026-10-30T19:10:51+00:00","author":"News Desk","key_takeaways":["BUA Foods reported profit after tax of N450.47bn for the nine months to September 30, 2026, up 11.15% from N405.27bn.","Revenue fell 19% to N1.15tn from about N1.42tn as pricing softened and consumer demand stayed subdued.","Cost of sales dropped 34% to N592.94bn, lifting the gross profit margin to 48.3% from 36.7%."],"companies":[{"name":"BUA Foods","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0000kg2/bua-foods","website":"https://www.buafoodsplc.com"}],"source":{"publisher":"Punch Newspapers","title":"BUA Foods profit rises to N450bn despite revenue decline","url":"https://punchng.com/bua-foods-profit-rises-to-n450bn-despite-revenue-decline/"},"other_sources":[],"tags":["Earnings & Results","BUA Foods"],"body_markdown":"[BUA Foods](https://akta.pro/company-profiles/0000kg2/bua-foods) Plc reported a profit after tax of N450.47bn for the nine months ended September 30, 2026, an 11.15% rise from N405.27bn a year earlier, even as revenue fell 19% to N1.15tn. [Punch Newspapers](https://punchng.com/bua-foods-profit-rises-to-n450bn-despite-revenue-decline/) reported the unaudited results on October 30, 2026.\n\n## How BUA Foods Lifted Profit as Sales Fell\n\nBUA Foods is a Nigerian food and FMCG manufacturer producing sugar, flour, pasta, rice and edible oils, listed on the Nigerian Exchange Limited. The company attributed the profit gain to lower production costs, reduced operating expenses and a more stable foreign exchange environment.\n\nRevenue declined to N1.15tn from approximately N1.42tn in the same period of 2025, a reduction of about N270bn. Gross profit still rose 6.19% to N552.90bn from N520.65bn, an additional N32.25bn, after cost of sales fell 34% to N592.94bn.\n\nGross profit margin expanded to 48.3% from 36.7%, an increase of 11.6 percentage points. Operating expenses declined 20% to N66.99bn from N83.65bn, with selling and distribution expenses down 15% to N45.04bn and administrative expenses down 28% to N21.95bn. Operating profit margin improved to 43% from 31%.\n\nProfit before tax rose 11% to N480.52bn, and earnings per share increased to N25.03 from N22.52. Managing Director Ayodele Abioye said, \"Despite a 19 per cent decline in revenue to N1.15tn, driven by softer pricing conditions and subdued consumer demand, we maintained a substantial improvement in profitability through effective cost optimisation, improved productivity and rigorous execution across the business.\"\n\n## BUA Foods' Capacity Plans Behind the Results\n\nAccording to akta.pro [company records](https://akta.pro/company-data), BUA Foods announced a plan to expand capacity by over 50% across all five divisions in 2026 to capture additional FMCG market share. The same records show the company appointed Isyaku Abdulsamad 'Khalifa' Rabiu as Chief Officer for Global Procurement and Strategic Operations in January 2026 to drive procurement efficiency and supply-chain resilience during the multi-division capacity expansion.\n\n## Earlier BUA Foods Results and Launches\n\nBUA Foods reported a profit after tax of N292.27bn for the first half of 2026, a 12% increase from N260.10bn in H1 2025, despite a 16% decline in revenue to N765.12bn from N912.51bn, Punch Newspapers reported in July 2026. In August 2026, Punch Newspapers reported that BUA Foods' total assets rose 20% to N1.67 trillion in the first half of 2026, while total equity rose 41% to N1.01 trillion. Oriental News Nigeria reported in October 2026 that BUA Foods launched Bakers Pride Flour at a trade event, targeting bakers with a value-driven proposition.\n\n## BUA Foods' Priorities for the Rest of 2026\n\nAbioye said the company would continue investing in distribution capabilities and strengthening its market presence. BUA Foods said its priorities for the remainder of the year included maintaining cost discipline, strengthening supply chains and expanding market penetration.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}