BUA Foods’ assets rise to N1.67tn

BUA Foods Plc reported a 20% increase in total assets to N1.67tn in the first half of 2026, despite a 16% decline in revenue. The company's total equity rose by 41% to N1.01tn, providing a solid foundation for long-term expansion plans. Despite the revenue decline, BUA Foods demonstrated strong profitability, with profit after tax rising by 12% to N292.27bn and operating profit increasing by 13% to N320.50bn.

The company's managing director, Ayodele Abioye, attributed the strong financial position to disciplined cost management, improved supply chain execution, and an optimized product portfolio mix.

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