BUA Foods soars 288% in Q4 pre-tax profit, as full-year revenue hits N1.5 trillion in 2024 

BUA Foods Plc reported a pre-tax profit of N73.4 billion for the fourth quarter of 2024 in its latest financial report released on the Nigerian Exchange (NGX) on January 30, 2025.  

This represents a 288.04% increase from N18.9 billion in the same quarter last year, while the full-year pre-tax profit reached N289 billion, up 167.35% from N108.1 billion in 2023. 

Revenue for the fourth quarter of 2024 reached N437.4 billion, representing a notable increase of 114.38% compared to N204 billion recorded in the same quarter of the previous year. 

Total revenue for the year soared to N1.5 trillion, marking a 109.29% increase from N729.4 billion in FY 2023, primarily fueled by robust sales of fortified sugar, bakery flour, and other food products. 

Key Highlights (2024 vs. 2023) 

• Turnover: N1.5 trillion, +109.29% YoY 
• Cost of sales: N984.9 billion, +110.02% YoY 
• Gross profit: N541.7 billion, +107.98% YoY 
• Administrative expenses: N20.2 billion, +17.83% YoY 
• Selling and distribution…