Listed Cement Firms Reward Shareholders With N1.380trn Dividend Payouts

Dangote Cement Plc, BUA Cement Plc and Lafarge Africa Plc have proposed to reward their shareholders with a massive dividend payout of N1.380 trillion, following a remarkable performance in the 2025 financial year.

Going by the audited results released by the three listed cement companies on the Nigerian Exchange Limited, Dangote Cement proposed a final dividend of N45 per share, amounting to N944.82 billion. BUA Cement declared a final dividend of N10 per share, amounting to N338.64 billion; while Lafarge Africa proposed a final dividend of N6 per share, totalling N96.648 billion.

Activity in the cement sector moderated in 2025, with sentiment indicators implying softer conditions even as underlying output remained relatively stable.

Cement stocks delivered broadly positive returns in 2025, with performance varying relative to both the broader market and the Industrial Goods sector, under which cement companies are classified. The NGX Industrial Goods Index gained 43.43 per cent in 2025, outpacing the NGX All Share Index (ASI) at 39.44 per cent and reflecting strong investor appetite for specific sector names throughout the year.

Dangote Cement stated that the 2025 results showed its solid growth trajectory, strengthening its position as a major industrial player in Africa despite macroeconomic challenges.

Speaking on the overall performance of BUA Cement, the managing director/ CEO, Yusuf Binji said, “This has been a remarkable year for us, both strategically and operationally, culminating in the strong financial performance shown.”

He noted that “at the start of the year, we outlined three key priorities: margin recovery, cost management and process improvement, and market penetration.

“Through process reviews and targeted realignments, we explored smarter ways of operating internally. This approach included close engagement with suppliers and service providers across the value chain, and I am pleased that the results are reflected in the improved margins reported.”

Also, the CEO of Lafarge Africa, Lolu Alade-Akinyemi, reflected on a landmark year, saying that “full Year 2025 results are a testament to the effectiveness of our 4-point strategy, disciplined execution, and relentless focus on value creation.

“Reaching the N1 trillion net sales threshold, a 53 per cent year-on-year increase, marks a historic turning point for our Company. With a 103 per cent surge in operating profit to N392 billion and margins widening to 37 per cent, we have demonstrated exceptional operating excellence. This 173 per cent growth in profit after tax is the direct result of our focus on plant reliability, operational efficiency, and commitment to shareholder value.”

On the sector outlook, Coronation Asset Management Limited said that Nigeria’s cement sector is set for steady expansion in 2026, anchored by the continuation of large multi-year public works and the country’s persistent housing deficit, even as fiscal consolidation limits the initiation of new projects.

It noted that “overall, the sector enters 2026 with stable, structurally supported demand driven by multi-year infrastructure projects and the nation’s housing backlog, positioning it for consistent value-added growth despite a tightened fiscal environment.”