BUA Foods Plc has declared a final dividend of N13.00 per ordinary share for the financial year ended December 31, 2024, reinforcing its position as one of Nigeria’s leading food and fast-moving consumer goods (FMCG) companies.
The dividend, payable to shareholders on the company’s register as of August 21, 2025, is subject to regulatory approval and withholding tax. According to a corporate disclosure signed by Company Secretary Oluseye Alayande and filed with the Nigerian Exchange, the dividend will be disbursed electronically on September 25, 2025.
Strong Financial Performance Underpins Dividend Payout
The N13 per share dividend translates to a total payout of N234 billion, reflecting the company’s robust financial performance. Based on the current share price of N418, this represents a dividend yield of 3.11%, with a payout ratio of 37.22%. Additionally, BUA Foods’ price-to-earnings (P/E) ratio stands at 28.29x, below the industry average of 36.92x, suggesting potential undervaluation relative to peers.
Record Revenue and Profit Growth
BUA Foods’ audited financial statements for 2024 reveal a landmark revenue of N1.5 trillion, more than double the N729.4 billion recorded in 2023. This 109.5% year-on-year surge marks the highest revenue since the company’s listing on the Nigerian Exchange in 2021.
Profitability metrics also saw impressive growth, with pre-tax profit rising by 162.9% to N284.32 billion and profit after tax increasing by 137.3% to N265.99 billion. Notably, these gains were achieved despite a significant N178 billion foreign exchange loss due to currency depreciation, which inflated interest obligations.
Operational Efficiency and Market Expansion Drive Success
The company’s operating profit margin improved from 28.24% in 2023 to 30.87% in 2024, demonstrating enhanced efficiency in core operations. This growth was fueled by strong demand for BUA Foods’ key products—sugar, flour, and pasta—alongside expanded production capacity, strategic pricing adjustments, and deeper market penetration across Nigeria.
Stock Performance Reflects Investor Confidence
BUA Foods’ shares delivered an outstanding 114.58% return in 2024, climbing from N193.40 to N415.00. However, the stock has remained relatively flat in 2025, hovering around N418.00. Despite this, the company’s solid fundamentals, consistent dividend payouts, and market leadership position it as a compelling investment in Nigeria’s consumer goods sector.
With sustained revenue growth, improved profitability, and a strong dividend policy, BUA Foods continues to demonstrate resilience and strategic execution in a challenging economic environment. Investors will be watching closely to see if the company can maintain this momentum in the coming fiscal year.