BUA Foods has solidified its standing as the largest listed firm on the Nigeria Exchange (NGX) with a market cap of N11.7 trillion, extending its lead over the nearest rival for the throne, according to MoneyCentral report.
BUA Foods stock has a one-year return of 68%, helping to push it into the top spot.
Dangote Cement pushed past MTN to come into second place at N10.12 trillion, while MTN Nigeria is third with a market cap of N9.96 trillion.
Airtel Africa’s N8.43 trillion valuation puts it at number four.
BUA Foods has been growing rapidly in recent years as Nigeria’s booming population consumes more processed foods.
BUA Foods Plc, Nigeria’s largest food and fast-moving consumer goods (FMCG) company announced a 101% year-on-year growth in Profit Before Tax (PBT) to ₦276.1 billion for the Half-Year (H1) period ended June 30, 2025.
BUA Foods stock trades at a Price to Earnings (P/E) ratio of 28.9x, cheap compared to its rapid profit growth rate.
During the Half-Year 2025 reporting period, revenue increased by 36% to ₦912.5 billion, driven by strong performance across all product segments: Sugar, Flour, Pasta, and Rice.
Notably, the Company recorded an exponential 2923% increase in Rice revenue, reinforcing the success of BUA Foods’ expansion into the local rice value chain.
Gross margin improved to 37.2% from 32.4% in the previous year, while earnings per Share (EPS) nearly doubled to ₦14.45 from ₦7.27, while Operating Profit increased by 41% to ₦284.8 billion.
