BUA Foods Unveils Next Growth Phase with Major Capacity Expansion, New Product Categories and ₦504 Billion Dividend Approval 

BUA Foods Plc has unveiled an ambitious new phase of growth that will significantly expand its manufacturing capacity, strengthen Nigeria’s food security and accelerate its emergence as the country’s largest food manufacturing company, as shareholders endorsed the Company’s long-term strategic direction at its 5th Annual General Meeting held at Transcorp Hilton Hotel, Abuja.

The expansion programme, one of the most significant in the Company’s history, includes a substantial increase in wheat milling capacity, the planned introduction of noodles into its product portfolio, the finalisation of its edible oils business and continued investments across its integrated manufacturing operations. Together, these initiatives are expected to deepen domestic food production, broaden consumer choice and reinforce BUA Foods’ position as one of Africa’s leading food manufacturing companies.

The strategic investments come on the back of another record year of performance, during which BUA Foods delivered revenue of ₦1.77 trillion, representing a 16% increase over the previous year, while Profit After Tax rose by 95% to ₦518.4 billion, reflecting the Company’s disciplined execution, operational efficiency and resilient business model despite a dynamic operating environment.

Shareholders at the meeting approved all resolutions presented by the Board, including the Audited Financial Statements for the financial year ended December 31, 2025, the payment of a final dividend of ₦28.00 per ordinary share, amounting to ₦504 billion, the reelection of retiring Directors, the appointment of members of the Audit Committee and other statutory resolutions.

Building Capacity to Feed a Growing Nation 

As part of its long-term growth strategy, BUA Foods is making significant investments designed to strengthen Nigeria’s food manufacturing ecosystem and improve the availability of essential food products.

The Company’s ongoing expansion includes a substantial increase in wheat milling capacity to meet rising domestic demand, the planned launch of a noodles business to broaden its presence in the country’s staple foods market, the completion of its edible oils business and continued investments in manufacturing efficiency across its operations.

Collectively, these investments are expected to increase local production, strengthen supply chain resilience, reduce dependence on imported food products and support Nigeria’s long-term food security ambitions while creating sustainable value for shareholders and the wider economy.

Speaking at the Annual General Meeting, the Chairman of BUA Foods Plc, Alhaji Abdul Samad Rabiu, CFR, CON, described the expansion programme as a strategic investment in Nigeria’s industrial future, emphasising that the Company’s growth ambitions are driven by a commitment to national development rather than scale alone.

“Our ambition has never been to become bigger simply for the sake of size. We are building scale because Nigeria needs strong indigenous companies capable of competing at the highest level, investing for the long term and creating lasting value. As our expansion projects come on stream, BUA Foods will become the largest player in our sector, but size alone will never define us. Efficiency, transparency and disciplined management are the principles that built this Company when we were the smallest major player, and they are the same principles that will guide us as we become the largest.

By strengthening local manufacturing, expanding capacity and introducing new product categories, we are investing not only in our business but in Nigeria’s industrial future.”

He added that stronger indigenous manufacturers create healthier competition, encourage investment, improve efficiency and ultimately deliver better outcomes for consumers, investors and the broader Nigerian economy.

The successful conclusion of the 5th Annual General Meeting reinforces shareholders’ confidence in BUA Foods’ long-term strategy and underscores the Company’s commitment to responsible corporate governance, disciplined capital allocation and sustainable value creation.

As BUA Foods enters its next phase of growth, the Company is positioning itself not only as Nigeria’s largest listed food manufacturing company but also as one of Africa’s most integrated food businesses, leveraging scale, innovation, operational excellence and responsible investment to strengthen food security, accelerate industrial development and create lasting prosperity for generations to come.