Abdulsamad Rabiu, founder and chairman of BUA Group, has seen a dramatic increase in his net worth this year. As of July 28, 2025, his net worth has surged to an estimated $6 billion, reflecting a gain of approximately $900 million since the beginning of the year. His wealth boost comes from impressive performances by BUA Foods and BUA Cement, both of which have delivered strong earnings and stock market growth. THISDAYLIVE
Market Dynamics Fuel Wealth Expansion
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BUA Foods recorded a staggering 101% year-on-year growth in profit before tax for the six months ending June 30, 2025. Revenue rose 36% to ₦912.5 billion, while its rice segment experienced an astounding 2,923% revenue increase, jumping from ₦1.3 billion to ₦39.3 billion. Gross profit surged 55% to ₦339.3 billion, and margins improved to 37.2%. THISDAYLIVE
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BUA Cement also posted remarkable results, with a 43% year-on-year revenue increase to ₦289.5 billion in Q2 2025. Net profit grew five-fold to ₦99.77 billion, driven by gross profit hitting ₦147.3 billion and gross margin rising to 51%. THISDAYLIVE
Broader Implications
Rabiu’s financial upswing is emblematic of the strength of domestic capital markets and the growing credibility of Nigerian conglomerates. His dual leadership in agriculture and manufacturing illustrates his enduring vision, commitment to value creation, and the resilience of his enterprises. Additionally, his philanthropic ventures through the Abdulsamad Rabiu Initiative continue to impact health and education sectors across Africa, solidifying his reputation as a socially conscious business leader. THISDAYLIVE
