Below are the financial statements of BUA Foods, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in billions of NGN | 2024 | 2023 |
|---|---|---|
| Revenue from contracts with customers | 1,527.92a | 729.44a |
| Cost of sales | -987.1a | -468.98a |
| Gross profit | 540.82a | 260.46a |
| Administrative expenses | -28.56a | -17.22a |
| Selling and distribution expenses | -40.26a | -29.85a |
| Net impairment loss on financial assets | -1.01a | -7.89a |
| Other income | 1.11a | 0.81a |
| Operating profit | 472.1a | 206.31a |
| Finance income | 15.42a | 2.5a |
| Finance cost | -203.2a | -100.68a |
| Finance costs - net | -187.78a | -98.18a |
| Profit before income tax | 284.32a | 108.12a |
| Income and deferred tax (expense)/credit | -18.33a | -3.97a |
| Profit after tax | 266a | 112.1a |
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