BUA Cement Declares ₦338.6bn Dividend After Record Profit Surge

Shareholders of BUA Cement Plc have approved a total dividend payout of ₦338.64 billion for the 2025 financial year following an extraordinary performance that saw the company post one of the strongest earnings results in its history.

The approval was granted during the company’s 10th Annual General Meeting held in Abuja, where investors commended the board and management for delivering strong growth despite Nigeria’s challenging economic environment.

The approved dividend translates to ₦10.00 per share, reflecting the company’s impressive profitability and rising earnings capacity during the financial year under review.

BUA Cement recorded a remarkable revenue growth of 34.5 per cent, with turnover rising from ₦876.5 billion in 2024 to ₦1.2 trillion in 2025.

Gross profit also witnessed a significant increase, climbing to ₦604.1 billion from ₦300.2 billion recorded in the previous year.

The company’s Profit After Tax surged dramatically to ₦356 billion, compared to ₦73.9 billion in 2024, representing a 381.7 per cent increase.

Earnings per share equally rose sharply to ₦10.00 from ₦2.18 previously, underscoring stronger operational efficiency and improved financial performance.

Chairman of the company, Abdul Samad Rabiu, attributed the strong results to disciplined execution, strategic planning and the confidence shareholders continued to place in the company.

According to him, the company remained focused on long-term value creation despite prevailing macroeconomic pressures and ongoing economic reforms.

“Your faith and belief in us to continue adding value is the foundation for this impressive performance we have recorded,” Rabiu told shareholders during the AGM.

He stated that ongoing investments in infrastructure development, particularly the growing shift toward concrete road construction across the country, continue to create fresh opportunities for cement manufacturers.

Rabiu also reaffirmed BUA Cement’s commitment to expansion and operational efficiency, revealing that the planned commissioning of the BUA LNG project later this year would significantly reduce energy costs and strengthen competitiveness.

He further noted that the company intends to deepen its bulk cement distribution network while maintaining a strong capital base to support future growth.

Shareholders at the meeting praised the management for sustaining growth and profitability amid inflationary pressures, foreign exchange volatility and rising operational costs across the manufacturing sector.

The performance further strengthens BUA Cement’s position among Nigeria’s leading cement producers and reinforces investor confidence in the company’s long-term growth strategy.