BUA Boosting Capacity With 3mmtpa Greenfield Cement Plant, Brownfield Project

BUA Cement Plc has said it is moving forward with ambitious infrastructure development plans, including a three-million metric tons per annum greenfield cement plant in Ososo, Edo State, and a similar brownfield project in Sokoto State.

The managing director and CEO of BUA Cement, Yusuf Binji stated this at the virtual presentation to analysts and investors outlining the full-year audited results for 2025 held yesterday.

He emphasised the company’s commitment to driving both revenue growth and cost synergies, which are essential for enhancing overall revenue and margin performance.

Binji outlined a strategic approach to expanding the company’s customer base, focusing particularly on entering new markets, including export opportunities.

He detailed ambitious plans for infrastructure development, including the construction of a greenfield cement plant in Ososo, Edo State, with a projected capacity of 3 million metric tons per annum (mmtpa), expected to commence operations in December 2027. Additionally, a brownfield project with a similar capacity is scheduled to be developed in Sokoto State, with commissioning planned for December 2028.

In his remarks on BUA Cement’s 2025 financial performance, Binji stated that the impressive results were driven by strategic pricing recovery through cost management, targeted diversification of market presence, and a focused effort to improve margins, ultimately leading to increased profitability.

He stated that “the Company reported a significant increase in net revenue, which rose by 34.6 per cent to N1.2 trillion, up from N876.5 billion in the previous year, 2024. The company’s EBITDA also saw remarkable growth, soaring by 104.7 per cent to N549.9 billion, up from N268.6 billion in 2024. This growth resulted in an EBITDA margin improvement of 16 percentage points, peaking at 46.6 per cent versus 30.6 per cent in the prior year.”

Binji further highlighted that profit after tax surged by an astounding 381.7 per cent, climbing to N356 billion from N73.9 billion in 2024. This positive trend is also reflected in earnings per share (EPS), which rose 381.7 per cent to N10.51 from N2.18 in the previous year.

He added that the Company commenced the construction of its greenfield cement plant in Ososo, reiterating BUA Cement’s dedication to minimising the environmental and social impacts of its operations.

“The company aims to achieve this by actively engaging with stakeholders and implementing community development initiatives, which involve making tangible investments in local communities,” he said.