BUA FOODS RECORDS ₦292 BILLION H1 PROFIT DESPITE REVENUE DECLINE

BUA Foods Plc has reported a ₦292 billion profit for the first half of 2026, despite recording a decline in revenue during the period.

The company’s performance was supported by improved operational efficiency, cost management strategies, and strong performance across key business segments.

BUA Foods said it remained focused on strengthening its operations, managing market challenges, and delivering value to shareholders amid a difficult economic environment.

Analysts said the company’s ability to maintain strong profitability despite lower revenue reflects effective cost control and resilience within the consumer goods sector.

They noted that food manufacturers continue to face challenges including rising production costs, exchange rate pressures, and changing consumer purchasing power.

Industry experts added that continued investment in local sourcing, production capacity, and supply chain improvements will be important for sustaining growth in Nigeria’s food manufacturing sector.

BUA Foods reaffirmed its commitment to expanding its operations, supporting food security, and creating long-term value for investors and consumers.