{
  "id": 17252613,
  "title": "BUA Foods’ cost cuts lift pre-tax profit to N480.52 billion",
  "url": "https://urgent.news/2026/10/30/bua-foods-cost-cuts-lift-pre-tax-profit-to-n480-52-billion",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-30T16:05:01.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/30/bua-foods-cost-cuts-lift-pre-tax-profit-to-n480-52-billion/"
  },
  "original_language": "en",
  "account": "BUA Foods Plc announced a significant increase in pre-tax profit to N480.52 billion for the nine months ending September 2026, marking an 11.08% rise from N432.58 billion in the same period last year. This positive trend was driven by reduced production and operating costs, which offset a decline in revenue. The third-quarter pre-tax profit reached N165.64 billion, up 2.80% from the previous quarter and 5.86% from Q3 2025. However, overall revenue for the nine months decreased to N1.15 trillion, a 19.35% drop compared to N1.42 trillion in the prior year.\n\nThe company's gross profit increased to N552.90 billion, a 6.19% rise from N520.65 billion, while operating profit climbed to N492.50 billion, up 12.55% from N437.58 billion. Pre-tax profit also grew to N480.52 billion, up 11.08% from the previous year. When profit after tax is considered, it stands at N450.47 billion, reflecting an 11.15% increase from N405.27 billion in the same period last year. Earnings per share reached N25.03, an 11.15% increase from N22.52.\n\nThe decline in revenue was primarily attributed to softer pricing and reduced consumer demand. Managing Director Ayodele Abioye highlighted that cost optimization, increased productivity, and operational discipline played a crucial role in supporting profitability. BUA Foods' earnings growth was mainly fueled by improved profit margins. Pasta sales saw a 32% increase to N198.1 billion as demand and sales volumes improved, contributing to a higher contribution margin of 43% from 37%. Operating expenses decreased by 20% to N66.99 billion, aided by lower logistics and administrative costs, although other income rose to N6.59 billion from N587.40 million. However, net finance costs rose sharply by 146% to N11.98 billion, with gross finance costs increasing to N12.96 billion and finance income dropping to N985.68 million from N7.05 billion. The company's stock closed unchanged at N706.60 and its share price remained flat over the past month, trading at 27.6 times earnings with a market capitalization of N13.69 trillion, positioning it among the most valuable companies on the exchange.",
  "summary": "BUA Foods Plc reported pre-tax profit of N480.52 billion for the nine months ended September 2026, up 11.08% from N432.58 billion a year earlier. The post BUA Foods’ cost cuts lift pre-tax profit to N480.52 billion appeared first on Nairametrics .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}