BUA Cement Plc has announced its audited financial results for the year ended December 31, 2025, showcasing remarkable growth. The company reported a pre-tax profit of N465.28 billion, a staggering 367% increase compared to N99.63 billion in 2024.
Revenue for 2025 surged to N1.18 trillion, marking a 34.56% rise from N876.47 billion in the previous year. This reflects strong top-line growth during the period.
In light of this performance, the Board has approved a final dividend of N10.00 per ordinary share of 50 kobo each for the financial year ended December 31, 2025. This is subject to withholding tax and shareholder approval.
The dividend will be paid to shareholders listed in the Register of Members as of the close of business on May 8, 2026, with payment scheduled for May 21, 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’s Driving the Numbers?
BUA Cement achieved strong revenue growth in 2025, with domestic sales contributing N1.64 billion to total profit. Key factors driving profitability include:
- Revenue Growth: Revenue rose to N1.18 trillion, supported by strong domestic sales.
- Foreign Exchange Loss Reduction: FX losses dropped significantly to N9.6 billion from N92 billion in 2024.
- Lower Finance Costs: Finance costs fell to N56 billion, down from over N60 billion, driven by reduced interest expenses on borrowings (N52 billion vs. N99.8 billion in 2024).
Balance Sheet Overview
BUA Cement’s total assets grew to N1.86 trillion, an 18.20% YoY increase, driven by a sharp rise in current assets. Current assets jumped 77.06% YoY to N662.92 billion, supported by a significant increase in cash and cash equivalents, which reached N280.37 billion as of December 2025.
On the liabilities side, total liabilities remained stable at N1.18 trillion, up marginally by 0.12% YoY. Meanwhile, total equity surged to N672.90 billion, a 73.18% YoY increase, reflecting the company’s strong profit growth.
Market Reaction
BUA Cement’s stock closed at N219.00 per share on Friday, February 27, 2026, compared to its opening price of N178.50 at the start of the year. This represents a year-to-date gain of 22.7%.
Over the past four weeks, the stock gained 20%, ranking 41st on the NGX during this period. In 2025, the stock achieved a remarkable 92% gain, recovering from a 4.12% loss in 2024
