Nigerian Fast-Food Firm Mr Bigg’s Sees Nine-Month Loss Widen to N1.15bn
Mr Bigg’s, a once-thriving fast-food restaurant, saw its loss in the first nine months of this year widen to N1.15
Mr Bigg’s, a once-thriving fast-food restaurant, saw its loss in the first nine months of this year widen to N1.15 billion from N883 million in the same period of 2024.
The business has continued to report losses since 2019 as competition stiffened amid a cost-of-living crisis that has crimped consumer spending.
Its revenue fell to N1.92 billion from N1.99 billion a year earlier, according to the earnings report of its parent company UAC of Nigeria (UAC).
UAC Restaurants Limited, a subsidiary of UAC, manages the network of quick service restaurants (QSR) across Nigeria under the Mr Bigg’s and Debonairs Pizza brands. It is in a joint venture with Famous Brands, which in 2013 acquired 49% stake in the company.
Revenue at the QSR segment rose by 19% to N644 million) in the third quarter, but its operating loss deepened to N217 million from N188 million a year earlier “primarily due to elevated input and operating costs”.
Cost of sales more than doubled and fixed overheads remain high relative to current sales base. The segment recorded a N371 million loss before tax in Q3 2025, compared to N293 million loss before tax in Q3 2024,” UAC said.
