BUA Cement Grows Pre-tax Profit By 448.2% To N338.6bn

BUA Cement Plc has reported a significant surge in profitability for the nine months ended September 30, 2025, as the company’s profit before tax grew by 448.2 per cent to N338.6 billion.

The strong performance was driven by higher revenue, improved operational efficiency, and gains from foreign exchange movements, underscoring the company’s resilience amid challenging macroeconomic conditions.

Revenue rose sharply by 47.2 per cent to N858.734 billion in the nine months ending September 2025, up from N583.405 billion reported in 2024.

The cost of sales rose by 6.7 per cent to N429.475 billion from N402.591 billion, while operating profit increased by 165.3 per cent to N365.625 billion from N137.829 billion.

Profit before tax rose by 448.2 per cent to N338.568 billion compared to N61.755 billion. Profit after tax was up by 491.9 per cent to N289.855 billion, higher than the N48.970 billion achieved in 2024. Earnings per share rose to N855.9 from N144.6.

Speaking on the Company’s performance, the managing director/ CEO of BUA Cement, Yusuf Binji, stated that “the results reflect consistently strong profitability, with gross margin and EBITDA margin for the nine months rising to 50 per cent and 46.4 per cent, respectively, further reinforcing the success of the cost-efficiency initiatives implemented during the period.

“Furthermore, operating profit and profit after tax increased by 165 per cent and 492 per cent, respectively, compared to the same period last year, underscoring the Company’s enhanced operational performance and profitability.”

Binji added that the Company has strengthened its financial foundation, achieving a healthier statement of financial position. This improvement reflects disciplined cost management, efficient asset utilisation, and reduced debt exposure.

“We believe the initiatives introduced in the second quarter are sustainable and position the Company for continued operational excellence and long-term growth,” he noted.