The Nigerian consumer goods sector posted impressive sales in 2025, with the top 10 companies generating a combined N7.07 trillion in revenue.
This represented N1.56 trillion, or 28%, growth over 2024’s N5.51 trillion, signalling strong product demand across the market.
The 2025 revenue accounted for 98% of the total N7.2 trillion reported by all 14 companies tracked by the NGX Consumer Goods Index.
Efficient operations and lower foreign exchange losses enabled these companies to convert robust revenue into meaningful profitability at the bottom line.
Hence, the top 10 companies recorded a cumulative pre-tax profit of N1.007 trillion, rebounding from a N702.59 billion loss in 2024.
The strong performance likely fueled bullish sentiment, as the NGX Consumer Goods Index surged 129.6%, reflecting growing investor confidence over the period.
For this analysis, consumer goods companies are ranked by their 12-month revenue ending in any month in 2025, reflecting one full financial year. Here’s the list:
BUA Foods led the sector in 2025, posting N1.8 trillion in unaudited revenue for the year ended December 31, 2025, up 18.1%, driven by stronger sales across all product lines.
Bakery flour contributed N704.7 billion (39%), followed by fortified sugar at N571.4 billion, pasta at N202.6 billion, non-fortified sugar at N184.1 billion, and head rice at N95.6 billion, with other products making up the remainder.
Rising sales lifted cost of sales to N1.13 trillion, mostly raw materials, leaving gross profit at N672.1 billion, up 24.3%, forming a solid earnings base.
Administrative expenses of N40.4 billion and selling and distribution costs of N68.7 billion rose, yet operating profit stayed strong at N565.3 billion, up from N472.1 billion, showing efficient operations.
Finance income of N7.5 billion and sharply lower finance costs of N14.3 billion lifted pre-tax profit 88.1% to N534.8 billion.
Total assets reached N1.3 trillion, led by N844.2 billion in “Due from related companies” and N394.8 billion in property, plant, and equipment. Total shareholder equity grew to N702.7 billion, with retained earnings up 65%.
In 2025, BUA Foods’ stock surged by over 92.5% on the Nigerian Exchange.
