ABUJA, Nigeria (VOICE OF NAIJA)-Chairman of BUA Group, Abdul Samad Rabiu has reaffirmed BUA Group’s long-standing partnership with United Bank for Africa to drive industrial expansion and economic growth.
Rabiu made this known in a statement on Tuesday while hosting UBA Chairman, Tony Elumelu, and his executive team at BUA headquarters in Lagos.
He explained that the nearly three-decade relationship, which began during the era of Standard Trust Bank, has developed into a strong collaboration centred on long-term value creation.
“Enduring partnerships are not built on transactions, but on conviction,” Rabiu said.
He added that the relationship demonstrates a shared vision of Nigeria’s development and the critical role of capital in achieving sustainable growth.
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Elumelu described BUA Group as a model of disciplined execution and industrial capacity, reaffirming UBA’s commitment to supporting transformative businesses.
“Our role is to enable scale by providing long-term capital to businesses reshaping the Nigerian economy,” he said.
Discussions during the meeting focused on strengthening financing structures for large-scale manufacturing, increasing domestic production, and supporting export-driven value chains.
Meanwhile, BUA Foods reported a revenue of N1.77 trillion for 2025, marking a 16 per cent increase from the N1.53 trillion recorded in 2024.
The company posted a gross profit of N737.26 billion, up from N540.82 billion, while profit after tax rose by 95 per cent to N518.4 billion.
Earnings per share climbed to N28.80, reflecting stronger profitability.
The board proposed a dividend of N28 per share, representing a 115 per cent increase from N13 in 2024, with a total payout of N504 billion, subject to shareholder approval.
Further analysis showed cost of sales at N1.037 trillion, while total assets grew by 27 per cent to N1.39 trillion.
Rabiu attributed the performance to sustained demand for sugar, flour, pasta, and rice, as well as the effective execution of expansion strategies.
“Our performance reflects disciplined growth, increased capacity and strong commitment to delivering value to shareholders,” he said.
The Managing Director, Ayodele Abioye, stated that the company plans to expand production capacity, strengthen its market position, and optimise its supply chain.
He expressed confidence that strong demand would continue to drive growth in the coming years.
The development highlights the increasing role of indigenous companies in driving Nigeria’s economic growth through strategic partnerships, investment, and industrial expansion.
(NAN)