UAC Foods Plc reported a 39 per cent decline in profit for the 2025 financial year to N9.91 billion, down from N16.31 billion recorded in 2024.

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 a net finance income of N5.96 billion in 2024, representing a significant negative swing of 360 per cent.

In spite of the drop in profitability, the group recorded strong revenue performance, 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, compared with N18.87 billion recorded 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. 

(NAN)