BUA Cement Plc (“the Company”) has released its first quarter 2025 Unaudited Financial Statements. The results show a reported net revenue increase of 80.5% to N290.9 billion from N161.1 billion in the first quarter of 2024. Furthermore, profit before tax increased by 368.6% to N99.7 billion from N21.3 billion, while profit after tax increased by 351% to N81.1 billion from N18 billion in 2024.

Speaking on the overall performance, the Managing Director/ CEO, Engr Yusuf Binji said: “I am extremely delighted about our first quarter performance which has seen us sustain our continued growth in earnings. This is evidence of trust, consistent quality and product delivery, aided by our commitment to excellence. In addition, we achieved further cost improvements through enhanced production efficiency.

Looking ahead to the next quarter, we expect a similar impressive performance, supported by the costreduction initiatives being implemented”.

On the financial Performance, the Chief Financial Officer, Chikezie Ajaero said: “The quarter was not just a strong one, but a recovery from our performance in the first quarter of 2024. Our margins are recovering to acceptable levels, supported by exchange rate stability despite a high-cost operating environment. We remain confident that the measures we have implemented will continue to yield positive outcomes for the Company”.

I. Financial Highlights

N’m Q1’2025 Q1’2024 %∆
Revenue 290,821 161,131 80.5
Cost of sales (152,369) (116,094) 31.2
Operating profit 119,033 33,477 255.6
Profit before tax 99,741 21,286 368.6
Profit after tax 81,124 17,970 351.4
Earnings per share (kobo) 239.6 53.6 346.5

II. Operational Highlights

• Construction of a 700TPD regasification plant at the Sokoto Plant.
• Project works for the 3mmtpa greenfield line at Ososo, Edo State progressing as planned.
• Introduction of solid fuel at the Obu Plant – energy/cost optimization.

FOR FURTHER INFORMATION:

BUA Cement Plc
Ladipo Ogunlesi (Investor Relations / FP&A) +234 1 4610670
ladipo.ogunlesi@buacement.com

About BUA Cement Plc

BUA Cement Plc is Nigeria’s second largest cement company and the largest producer in its North-West, South-South and South-East regions; with a combined installed capacity of 17 mmtpa and with plans underway to increase existing capacity to 20 mmtpa with the construction of a greenfield cement plant in Ososo, Edo State. BUA Cement operates strategically from Okpella, Edo State and Kalambaina, Sokoto State.

Currently, it is one of the most capitalised companies of the Nigerian Exchange Group (NGX). BUA Cement is committed to quality – a differentiating attribute, driven by its people, innovation and technology; and positioned to solving Nigeria’s cement under capacity while driving economic growth and development.

More information can be found at www.buacement.com



https://dailypost.ng/2025/04/25/bua-cement-plc-releases-unaudited-financial-results-for-the-3-month-period-ended-31st-march-2025-records-strong-revenue-growth-of-80-5-to-n290-9-billion-profit-before-tax-increases-by-368-6-to-n99-7/