BUA Foods Plc recorded a profit after tax of N292.27bn for the first half of 2026 despite a 16 per cent decline in revenue, as improved operational efficiency, lower finance costs and disciplined cost management boosted profitability.
The company disclosed this in a statement issued on Thursday alongside its unaudited financial results for the six months ended June 30, 2026.
According to the statement, profit after tax rose by 12 per cent from N260.10bn recorded in the corresponding period of 2025 to N292.27bn, while profit before tax increased by 14 per cent to N314.90bn from N276.70bn.
Operating profit also climbed by 13 per cent to N320.50bn, reflecting what the company described as the resilience of its integrated operating model and operational efficiency.
However, revenue declined to N765.12bn from N912.51bn in the first half of 2025, representing a 16 per cent drop.
The company attributed the lower revenue to moderated pricing across its major product categories amid prevailing inflationary conditions but said stronger supply chain execution, reduced operating expenses and lower finance costs enabled it to improve profitability.
“The Company reported Profit After Tax of N292.27bn, representing a 12 per cent increase over the N260.1bn recorded in the corresponding period of 2025. Profit Before Tax grew by 14 per cent to N314.9bn, while Operating Profit increased by 13 per cent to N320.5bn, reflecting the resilience of the Company’s integrated operating model and sustained operational excellence.
