At the meeting, shareholders will also consider the company’s audited financial statements for the year ended 31 December 2025, as well as other statutory and corporate governance matters.
Africa’s leading food manufacturing company, BUA Foods Plc, has proposed a dividend of N28.00 per ordinary share, totalling about N504 billion for the 2025 financial year.
Africa’s leading food manufacturing company, BUA Foods Plc, has proposed a dividend of ₦28.00 per ordinary share, totalling about ₦504 billion for the 2025 financial year.
The company stated that the proposal is subject to shareholders’ approval at its 5th Annual General Meeting, scheduled for 15 July at the Transcorp Hilton Hotel, Abuja. At the meeting, shareholders will also consider the company’s audited financial statements for the year ended 31 December 2025, as well as other statutory and corporate governance matters.
For the 2025 financial year, BUA Foods reported revenue of ₦1.77 trillion, representing a 16 per cent increase over the previous year. The company also recorded a 95 per cent growth in profit after tax to ₦518.4 billion. In comparison,ile total assets increased by 27 per cent to ₦1.39 trillion, reflecting continued investment in manufacturing capacity and capabilities, operational excellence, and long-term value creation.
The food manufacturer noted that the meeting follows a period during which BUA Foods delivered strong financial performance, enhanced operational efficiency, and reinforced its position as one of Nigeria’s most valuable consumer goods companies.
Commenting ahead of the meeting, the Managing Director of BUA Foods Plc, Ayodele Abioye, said the AGM would provide an opportunity to engage shareholders, review the company’s performance, and discuss its future direction. He noted that despite a challenging operating environment, the company sustained strong performance through disciplined execution and its commitment to delivering quality food products.
Mr Abioye attributed BUA Foods’ achievements to the support of customers, supply partners, its board, management, employees, and other stakeholders. He added that BUA Foods would continue to focus on creating sustainable long-term value through investments in capacity expansion and strengthening food security in support of national development.
“The 5th Annual General Meeting provides an important opportunity to engage with shareholders, reflect on another year of strong performance, and discuss the future direction of the business. Despite a dynamic operating environment, BUA Foods continued to demonstrate resilience through disciplined execution and an unwavering commitment to delivering quality food products to millions of consumers. Looking ahead, the focus remains on creating sustainable long-term value through continuous investments in capacity expansion, with capabilities that strengthen food security for national development,” Mr Abioye said.
The food company reaffirmed its commitment to delivering sustainable returns, strengthening stakeholder confidence, and advancing its purpose of nourishing lives every day.
