Lagos: UAC Foods Plc has reported a steep 39% drop in profit for the 2025 financial year, to ₦9.91 billion from ₦16.31 billion in 2024, as market pressures and operational headwinds weighed heavily on performance.
This is according to the company’s audited financial statements for the year ended December 31, 2025, as released to the Nigerian Exchange Ltd. on Monday.
The company’s profit before tax also fell by 36 per cent to N16.43 billion from N25.55 billion in the previous year, largely impacted by a sharp increase in finance costs.
Net finance cost stood at N15.50 billion in 2025, compared with net finance income of N5.96 billion in 2024, representing a significant 360 per cent swing.
Despite the drop in profitability, the group recorded strong revenue growth, with turnover rising by 73 per cent to N340.47 billion from N196.90 billion in 2024.
Operating profit grew by 51 per cent to N28.49 billion, up from N18.87 billion in the corresponding period of 2024, indicating improved efficiency in core operations.
Total equity increased by five per cent to N69.77 billion in 2025 from N66.41 billion in 2024, while total equity and liabilities surged by 279 per cent to N597.06 billion from N157.73 billion.
Cash and cash equivalents rose by 25 per cent to N50.91 billion, up from N40.59 billion in the previous year.
Earnings per share declined by 27 per cent to 362 kobo from 497 kobo in 2024.
The company’s market capitalisation rose by 189 per cent to N266.28 billion from N92.17 billion, highlighting investor confidence despite the decline in profits.
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