BUA Meals reviews N136 billion revenue as fortified sugar, flour, and different segments soar in Q1 2025 

BUA Meals Plc has launched its monetary statements for the primary quarter ended thirty first March 2025, reporting a pre-tax revenue of N136.3 billion.

This represents a 118.70% enhance in comparison with the N62.3 billion recorded within the first quarter of 2024, pushed by greater turnover and decrease finance prices.

Turnover for the quarter stood at N442.06 billion, reflecting a 23.85% year-on-year rise from N356.9 billion in Q1 2024, supported by contributions throughout the corporate’s varied product segments.

• Fortified sugar contributed the most important portion of income at N165.8 billion, adopted by bakery flour at N163.2 billion.

• Non-fortified sugar generated N45.1 billion, whereas pasta accounted for N41.5 billion. The rest got here from different product classes.

As turnover soared, the price of gross sales additionally spiked by 16.42%, rising from N241.5 billion in Q1 2024 to N281.1 billion within the present quarter.

• Regardless of this, gross revenue grew, rising to N160.9 billion, up 39.41% from N115.4 billion a yr earlier.

Much less favorably, administrative bills greater than doubled to N11.3 billion, representing a 149.50% enhance, whereas promoting and distribution bills additionally rose by 13.30% to N11.07 billion.

Nothingness, working revenue reached N138.9 billion, marking a 32.67% enhance from N104.7 billion in the identical interval final yr.

• BUA Meals additionally decreased finance prices by 75.13%, from N15.1 billion in Q1 2024 to N3.7 billion.

On the stability sheet, complete belongings grew to N1.1 trillion, up by 4.30%, whereas retained earnings elevated by 29.76% to N546.2 billion.

Key Highlights:

• Turnover: N442.06 billion, +23.85% YoY
• Price of Gross sales: N281.1 billion, +16.42% YoY
• Gross Revenue: N160.9 billion, +39.41% YoY
• Administrative Bills: N11.3 billion, +149.50% YoY
• Promoting & Distribution Bills: N11.07 billion, +13.30% YoY
• Working Revenue: N138.9 billion, +32.67% YoY
• Pre-tax Revenue: N136.3 billion, +118.70% YoY
• Retained Earnings: N546.2 billion, +29.76% YoY

As of market shut on thirtieth April 2025, shares of the corporate have been priced at N418, reflecting a 0.72% year-to-date efficiency on the Nigerian inventory market.