BUA Foods expands margin as profit rises to N450bn.
Gross profit margin expanded significantly to 48.3%, from 36.7% in the prior-year period, reflecting improved cost efficiency and […] The post BUA Foods expands margin as profit rises to N450bn appeared first on Vanguard News .
A leading Nigerian food manufacturing company, BUA Foods Plc, has recorded an increase in gross profit to N552.90 billion for the nine months ended 30 September 2026, compared with N520.65 billion in the corresponding period of 2025.
The strong margin performance supported an 11% year-on-year increase in profit after tax to N450.47 billion, up from N405.27 billion in the corresponding period of 2025.
The Company’s unaudited financial results demonstrate the resilience of its operating model and the impact of disciplined cost management, with profitability improving amid evolving market dynamics and a continued focus on operational efficiency. A key driver of performance was the 34% reduction in cost of sales to N592.94 billion, reflecting lower topline costs and a more stable foreign exchange environment. Further demonstrating improved operating efficiency, total operating expenses decreased by 20% to N66.99 billion, compared with N83.65 billion in the corresponding period of 2025. Selling and distribution expenses declined by 15% to N45.04 billion, while administrative expenses reduced by 28% to N21.95 billion.
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