BUA Foods Hits N11.7trn amidst Earnings Delay Notice

BUA Foods Hits N11.7trn amidst Earnings Delay Notice

BUA Foods Plc maintained its top position on the Nigerian Exchange (NGX) as the largest by market value at the close of the trading session on Friday.

This positive price movement has lifted BUA Foods’ year-to-date return, which printed at 51.70% at a reference price of N629.70 at the beginning of the week, attracting a sell rating from Afrinvest Securities Limited.

Shareholders brushed off the sell rating and earnings delay notice and ramped up BUA Foods shares in the local bourse. The action triggered a spike in its market value to the highest levels seen in 52 weeks on NGX.

The consumer goods company share price hit N650, its latest 52 weeks high in the equities market on Friday as 131,759 units of BUA Foods valued at N85.357 million were trading in the local bourse.

The transaction driven by buy-side investors lifted the market value of BUA Foods Plc’s 18 billion shares outstanding to the highest value of N11.700 trillion in 12 months.

In a notice, the management told the Nigerian Exchange its third quarter of financial year 2025 earnings may be delayed. 

BUA Foods said its Board of Directors is scheduled to meet on 30th October 2025 to consider the 3rd Quarter 2025 Unaudited Financial Statements for the period ended 30th September.

The management said due to certain changes that require migration in the company’s data setup, the 2025 Q3 unaudited financial statement may not be filed on the 30th of October 2025.

BUA Foods said the results would be filed on or before the 14th of November 2025 and maintained that the closed period in respect of the 2025 Q3 earnings, which commenced on the 1st of October, 2025, will continue until twenty-four (24) hours after the release of the 2025 Q3 results to the investing public. Naira Depreciates to N1,475 over US Dollar Shortfall