Nigerian Billionaire Abdul Samad Rabiu's Bua Foods Posts Nearly 600 Million In Half-year Revenue

BUA Foods H1 2025 revenue jumped 36 to 596 million, driven by strong sugar, flour, pasta, and rice segment growth.

Net profit nearly doubled to 169.8 million as pricing strategies and reduced finance costs supported earnings.

BUA Foods market cap hit 5.7 billion after stock gained 5.32, with retained profits now totaling 445 million.

BUA Foods Plc, the Lagos-based food giant majority-owned by Nigerian billionaire Abdul Samad Rabiu , posted strong results for the first half of 2025, exceeding expectations from analysts and investors. Between January and June, the groups revenue rose sharply to nearly 600 million, helping profits almost double during the same period.

According to its unaudited financials for the six months ended June 30, 2025 , BUA Foods generated N912.5 billion 596 million in revenue, up 36 percent from N672.4 billion 439.2 million recorded in the same period last year. The rise was driven by solid performance across all business segments, reflecting continued demand for its wide range of food products.

Sales from its sugar business grew by 8 percent to N398.1 billion 260 million, up from N369.8 billion 241 million in the first half of 2024. Flour sales jumped 66 percent to N378.2 billion 247 million, compared to N227.3 billion 148.4 million in the same period last year.

The pasta segment also posted a strong showing, with revenue climbing 31 percent to N96.9 billion 63.3 million, while the rice division saw a remarkable surge, rising more than 2,900 percent to N39.3 billion 35.7 million from just N1.3 billion 0.85 million a year earlier.

With stronger sales across all categories, net profit for the half-year nearly doubled, rising from N130.9 billion 85.5 million in H1 2024 to N260 billion 169.8 million in H1 2025. The group attributed this gain to higher sales volumes, favorable pricing strategies, and reduced finance costs during the period.