BUA Cement grows profit 367% to N465bn in 2025, declares N10 dividend

BUA Cement Plc has released its audited 2025 full year results ended December 31, 2025, reporting pre-tax profit of N465.28 billion, representing a 367% increase from N99.630 billion recorded in 2024.

Revenue for the year rose to N1.18 trillion, up 34.56% from N876.47 billion recorded in the previous year, reflecting strong top-line growth during the period.

Following the impassive performance, the Board has approved a final dividend of N10.00 per ordinary share of 50 kobo each for the financial year ended 31 December 2025, subject to appropriate withholding tax and shareholders’ approval.

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The dividend will be paid to shareholders whose names appear in the Register of Members as at the close of business on 8 May 2026, with payment scheduled for 21 May 2026.

**Key Highlights (2025 vs 2024) **

• Revenue: N1.18 trillion (Up 34.56% YoY)
• Cost of Sales: N575.26 billion (Down 0.16% YoY)
• Gross Profit: N604.18 billion (Up 101.15% YoY)
• Operating Profit: N504.55 billion (Up 249.65% YoY)
• Profit after Tax: N356.04 billion (Up 381.73% YoY)
• Earnings per Share: N10.51 (Up 382.11% YoY)
• Total Assets: N1.86 trillion (Up 18.20% YoY)
• Total Equity: N672.90 billion (Up 73.18% YoY)

**What is driving the numbers? **

BUA Cement delivered strong top-line growth in 2025, with revenue rising to N1.18 trillion from N876.47 billion in the prior year.

• The strong revenue was driven by domestic sales, which contributed N1.64 billion to the total profit.
• The growth in revenue, in addition to other factors, contributed to the growth in profitability
• Foreign exchange loss was another factor, as it dropped to N9.6 billion compared to a loss of N92 billion in 2024.
• Also, finance costs dropped to N56 billion compared to over N60 billion, suggesting a drop of over N4 billion.  This was buoyed by the drop in interest expenses on borrowing, which dropped to N52 billion from N99.8 billion in 2024

**  Balance sheet **

BUA Cement’s total assets increased to N1.86 trillion, representing an 18.20% YoY growth, driven largely by a strong expansion in current assets.

• Current assets rose significantly to N662.92 billion, up 77.06% YoY, supported by a sharp increase in cash and cash equivalents to N280.37 billion as of December 2025.

On the liabilities side, total liabilities remained relatively stable at N1.18 trillion, up marginally by 0.12% YoY.

• Total equity expanded significantly to N672.90 billion, up 73.18% YoY, reflecting the strong profit growth recorded during the year.

**Market reaction **

BUACEMENT closed at N219.00 per share on Friday, 27 February 2026, compared to a year-opening price of N178.50, reflecting a year-to-date gain of 22.7%.

Over the past four weeks, the stock gained 20%, ranking 41st on the NGX over that period.  in 2025, the stock gained 92%, recovering from a subdued 4.12% loss in 2024