BUA Cement Revenue Hits ₦1.17tn as 2025 Profits Quadruple, Declares ₦10 Dividend

BUA Cement Plc has officially joined the “Trillion-Naira Sales Club,” reporting a historic ₦1.17 trillion in revenue for the full year ending December 2025.

The cement giant reported a staggering 381.7% surge in Net Profit to ₦356.03 billion, marking its most profitable year since listing on the Nigerian Exchange.

The results underscore a radical operational turnaround, as the company’s aggressive energy transition strategy successfully decoupled its profit margins from rising energy costs.

The Board of Directors recommended, for shareholders’ approval, the declaration of a dividend of ₦10.00k dividend per one (1) ordinary share of 50 Kobo each, out of the profits declared in the financial year ended 31 December 2025 (2024: ₦2.05).

The Financials: 2024 vs. 2025

The hallmark of BUA’s 2025 performance was “margin recovery.” While revenue grew by a healthy 33%, the bottom line expanded more than threefold, reflecting a dramatic improvement in internal efficiencies.

Source: MoneyCentral, Company Financials

Energy Strategy: The “Margin Recovery” Engine

Managing Director Yusuf Binji attributed the profit explosion to a fundamental shift in the company’s cost structure.

• Fuel Switching: BUA’s investment in multi-fuel plants allowed it to shift from expensive diesel and imported coal to cheaper liquefied natural gas (LNG) and biomass.

• Cost Efficiency: This energy transition, combined with “smarter” internal processes and renegotiated supplier contracts, allowed the company to keep operating expenses stable while raising output.

• EBIT Margin Leap: The jump from a 16.5% to a 42.8% EBIT margin positions BUA Cement as one of the most efficient industrial players in the EMEA region.

“This has been a remarkable year for us, both strategically and operationally, culminating in the strong financial performance shown. At the start of the year, we outlined three key priorities: margin recovery, cost management and process improvement, and market penetration,” said Yusuf Binji, Managing Director/ CEO of BUA Cement.

“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. Looking ahead to 2026, our key priorities will focus on enhanced cost management, deeper local and regional market penetration, and advancing sustainability initiatives. Steps are underway to ensure we meet our target date for the pilot IFRS sustainability report for the 2026 financial year,” said Binji.

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