This is one of the most remarkable wealth creation stories on the NGX.
When BUA Foods was listed on the Nigerian Exchange in January 2022, its market capitalisation stood at ₦720 billion. By 2025, it had surged to ₦14.4 trillion — overtaking Dangote Cement and MTN Nigeria to become Nigeria's most valuable listed company.
The re-rating was driven by net profit more than doubling to ₦405.3 billion in 9 months, with revenue rising 32.7% to ₦1.4 trillion — and near-elimination of foreign exchange losses that had battered Nigerian corporates.
Early investors who held on turned ₦720 billion into ₦14 trillion.
Would you classify BUA Foods as a growth stock, a consumer defensive, or both? And at current valuations, is there still room to run?
When BUA Foods was listed on the Nigerian Exchange in January 2022, its market capitalisation stood at ₦720 billion. By 2025, it had surged to ₦14.4 trillion — overtaking Dangote Cement and MTN Nigeria to become Nigeria's most valuable listed company.
The re-rating was driven by net profit more than doubling to ₦405.3 billion in 9 months, with revenue rising 32.7% to ₦1.4 trillion — and near-elimination of foreign exchange losses that had battered Nigerian corporates.
Early investors who held on turned ₦720 billion into ₦14 trillion.
Would you classify BUA Foods as a growth stock, a consumer defensive, or both? And at current valuations, is there still room to run?