BUA Cement Declares N338.64bn Dividend as Profit Surges, Targets 23m Tonnes Capacity Expansion
Shareholders of BUA Cement Plc have approved a final dividend of N10 per ordinary share for the 2025 financial year, amounting to a massive N338.64 billion cash payout. The decision was ratified at the company’s 10th Annual General Meeting held in Abuja, marking one of the most significant shareholder rewards in Nigeria’s cement industry this year.
At the meeting, Chairman Abdul Samad Rabiu highlighted a year of strong performance despite economic challenges such as currency fluctuations, high interest rates, and shifting regulatory pressures. He noted that the company focused heavily on operational efficiency, cost control, and stronger financial discipline to sustain growth.
Financial results showed a sharp upward trajectory, with BUA Cement recording revenue of N1.2 trillion in 2025, up from N876.5 billion in 2024. Profit before tax surged by 367% to N465.3 billion, while profit after tax rose by an impressive 381.7% to N356 billion, underscoring one of its strongest earnings performances in recent years.
Managing Director and CEO Yusuf Binji also revealed aggressive expansion plans, including a new 3 million tonnes per annum cement plant in Ososo, Edo State, and another production line in Sokoto State. Together, these projects will boost total capacity by 6 million tonnes, pushing overall output to 23 million tonnes annually by next year.
The expansion drive is expected to strengthen Nigeria’s cement supply, create new jobs, and increase competition in the construction sector. Investors have welcomed the company’s strong dividend payout and growth strategy, seeing it as a signal of sustained profitability and long-term value creation in a challenging economic environment.
source: leadership