BUA FOODS : EARNINGS RELEASE FOR FIRST QUARTER 2025 UNAUDITED ACCOUNTS

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[{"type":"text","content":"BUA\n F O 0 D S\n RESULTS\n UNAUDiTED\n EARNINGS PRESS RELEASE\n \n \n Regulated Information\n \n \n BUA Foods Delivers Strong Financial Results in Q1 2025 Profit After Tax up by 124% to N125 Billion\n \n \n Lagos, 30th April 2025 - BUA Foods Plc (\"BUA Foods\", or \"the Company\") announced its results for the unaudited 3M financials for the period ended 31 March 2025.\n \n \n \n Key Financial Highlights\n \n Group % Change\n \n \n In thousands of naira\n \n \n 3M 2025\n \n \n 3M 2024\n \n \n Δ\n \n \n Revenue\n \n \n 442,064,828\n \n \n 356,921,621\n \n \n 24%\n \n \n Cost of Sales\n \n \n 281,158,084\n \n \n 241,503,540\n \n \n 16%\n \n \n Gross Profit\n \n \n 160,906,744\n \n \n 115,418,081\n \n \n 39%\n \n \n Gross Margin (%)\n \n \n 36.4%\n \n \n 32.3%\n \n \n 406bps\n \n \n Selling and distribution expenses\n \n \n (11,077,929)\n \n \n (9,777,158)\n \n \n 13%\n \n \n Administrative expenses\n \n \n (11,314,854)\n \n \n (4,590,223)\n \n \n 147%\n \n \n Total operating expenses\n \n \n (22,392,783)\n \n \n (14,367,381)\n \n \n 56%\n \n \n Other income\n \n \n 415,002\n \n \n 3,668,335\n \n \n -89%\n \n \n Operating Profit\n \n \n 138,928,964\n \n \n 104,719,036\n \n \n 33%\n \n \n Opex to Income\n \n \n Operating profit margin\n \n \n 5.1%\n \n \n 31.4%\n \n \n 4.0%\n \n \n 29.3%\n \n \n 104bps\n \n \n 209bps\n \n \n Finance cost - net\n \n \n \n Foreign Exchange (Gain) Loss\n \n \n (3,026,646)\n \n \n \n 485,661\n \n \n (15,071,541)\n \n \n \n (27,285,469)\n \n \n -79.9%\n \n \n \n -101.8%\n \n \n Minimum tax charge\n \n \n -\n \n \n Profit before income tax\n \n \n 136,387,979\n \n \n 62,362,026\n \n \n 118.7%\n \n \n PBT Margin (%)\n \n \n 30.9%\n \n \n 17.4%\n \n \n 1338bps\n \n \n Income Taxes\n \n \n 11,106,957\n \n \n 6,539,429\n \n \n 69.8%\n \n \n Profit for the period\n \n \n 125,281,022\n \n \n 55,822,597\n \n \n 124%\n \n \n Earnings Per share (Kobo)\n \n \n 6.96\n \n \n 3.10\n \n \n 124.5%\n \n \n Return on Equity (%)\n \n \n 22.60%\n \n \n 13.01%\n \n \n 959bps\n \n \n Return on Assets (%)\n \n \n 10.96%\n \n \n 5.10%\n \n \n 587bps\n \n \n Total assets\n \n \n 1,142,637,894\n \n \n 1,095,504,241\n \n \n 4.3%\n \n \n Total equity\n \n \n 554,337,667\n \n \n 429,056,645\n \n \n 29.2%\n \n \n Total liabilities\n \n \n 588,300,227\n \n \n 666,447,596\n \n \n -11.7%\n \n Commenting on the results, Engr. (Dr.) Ayod...

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