BUA Foods Plc, one of Nigeria’s leading fast-moving consumer goods companies, has recorded a 109 percent growth in revenue, crossing the trillion-naira mark for the first time since 2021.
According to the company’s audited financial statements for the year ended December 31, 2024, BUA Foods recorded revenue of N1.53 trillion, more than double from the N729.4 billion in 2023 and the highest annual revenue in the company’s history since listing on the Nigerian Exchange in 2021.
The report shows that the growth was driven by an increased demand for the company’s core products such as sugar, flour, and pasta, as well as increased production capacity, strategic pricing, and deeper market penetration across Nigeria.