BUA Foods To Pay Final Dividend of N13.00 per Share

BUA Foods has declared a final dividend of N13.00 per ordinary share for the financial year ending December 31, 2024.

The dividend, which is subject to regulatory approval and appropriate withholding tax, will be paid electronically to shareholders whose names appear in the Register of Members by the close of business on August 21, 2025. The payment date has been scheduled for September 25, 2025.

This announcement was made in a corporate disclosure filed with the Nigerian Exchange and signed by Mr. Oluseye Alayande, the Company’s Secretary.

The dividend declaration amounts to a total payout of N234 billion, representing a payout ratio of 37.22 percent. Based on the current share price of N418, it translates to a dividend yield of 3.11 percent. The company’s price-to-earnings ratio stands at 28.29x, which is below the industry average of 36.92x, suggesting that the stock remains relatively undervalued.

BUA Foods’ financial performance for 2024 reflects strong growth and improved operational efficiency. The group reported a record revenue of N1.5 trillion—more than double the N729.4 billion posted in 2023. This marks a 109.5 percent year-on-year increase and stands as the company’s highest revenue since it listed on the Nigerian Exchange in 2021, when it reported N333.2 billion.

Pre-tax profit for the year rose by 162.9 percent to N284.32 billion, while profit after tax surged by 137.3 percent to N265.99 billion. These gains came despite a foreign exchange loss of N178 billion due to currency depreciation, which also led to higher interest expenses.

The company attributed its remarkable revenue growth to steady demand for its core products—sugar, flour, and pasta—combined with increased production capacity, effective pricing strategies, and broader market penetration across Nigeria. BUA Foods also reported a rise in its operating profit margin from 28.24 percent in 2023 to 30.87 percent in 2024, reflecting improved profitability from core operations.

On the Nigerian stock market, BUA Foods had an impressive year-to-date performance of 114.58 percent in 2024, with its stock climbing from N193.40 to N415.00. As of 2025, the share price has remained steady at N418.00.