BUA Foods expands margin as profit rises to N450bn

BUA Foods posted profit after tax of N450.47 billion for the nine months ended September 30, 2026, up 11% year on year, while its gross margin rose from 36.7% to 48.3%. A 34% reduction in cost of sales and a 20% decline in operating expenses supported the gains despite revenue falling 19% to N1.15 trillion. Managing Director Ayodele Abioye attributed the stronger profitability to cost optimisation, productivity and operational execution, and said the company would focus on profitable growth and greater market penetration.