UAC Foods Plc has announced a significant 39 per cent reduction in its profit for the 2025 financial year. The company’s profit for the year ended 31 December 2025, stood at N9.91 billion, a notable decrease from the N16.31 billion recorded in the preceding year, 2024.

This financial performance was detailed in the company’s audited financial statements, which were released to the Nigerian Exchange Ltd. on Monday. The decline in profitability was largely attributed to a substantial increase in finance costs.

Profit before tax also experienced a downturn, falling by 36 per cent to N16.43 billion in 2025, down from N25.55 billion in 2024. A key factor contributing to this was the sharp rise in net finance cost, which swung from a net finance income of N5.96 billion in 2024 to a net finance cost of N15.50 billion in 2025. This represents a significant negative swing of 360 per cent.

Despite the drop in net profit, UAC Foods Plc demonstrated strong revenue growth. The group’s turnover increased by 73 per cent, reaching N340.47 billion in 2025, up from N196.90 billion in 2024. Operating profit also saw a healthy increase of 51 per cent, growing to N28.49 billion compared to N18.87 billion in the corresponding period of 2024, indicating improved efficiency in its core business operations.

The company’s balance sheet also showed positive developments in other areas. Total equity increased by five per cent to N69.77 billion in 2025, from N66.41 billion in 2024. Cash and cash equivalents rose by 25 per cent to N50.91 billion, an increase from N40.59 billion in the previous year. Total equity and liabilities surged by 279 per cent to N597.06 billion from N157.73 billion.

Earnings per share saw a decline of 27 per cent, falling to 362 kobo from 497 kobo in 2024. However, the company’s market capitalisation experienced a substantial increase, rising by 189 per cent to N266.28 billion from N92.17 billion.