BUA Foods Plc will hold its 5th Annual General Meeting (AGM) in Abuja, where shareholders will consider the company’s audited financial statements for the year ended December 31, 2025, along with other statutory and governance matters.
At the meeting, shareholders will also vote on a proposed dividend of N28.00 per ordinary share, representing a total distribution of about N504 billion, subject to approval.
According to the company’s audited results for the 2025 financial year, revenue rose by 16 per cent to N1.77 trillion from the previous year, while profit after tax increased by 95 per cent to N518.4 billion. Total assets grew by 27 per cent to N1.39 trillion.
BUA Foods said the increase in total assets reflected continued investment in manufacturing capacity, operational efficiency and long-term business growth.
Commenting ahead of the AGM, managing director Ayodele Abioye, said the meeting would provide shareholders with an opportunity to review the company’s performance and discuss its future direction.
He said the company remained focused on long-term value creation through continued investment in capacity expansion to strengthen food production and support national food security.
BUA Foods said it would continue to focus on sustainable growth and delivering returns to shareholders while expanding its operations.