Shareholders Approve BUA Cement’s N338.64 bn Dividend as Profit Rises to ₦356 bn

James Emejo in Abuja

Shareholders of BUA Cement Plc have approved a total dividend payout of ₦338.64 billion, equivalent to ₦10.00 per share for the 2025 financial year.

The decision was made at the company’s 10th Annual General Meeting in Abuja, where participants also praised BUA Cement for boosting revenues and profits amid economic headwinds.

They expressed strong confidence in management after what they described as a standout year of growth, resilience and value creation.

The company delivered one of its strongest performances in recent years, posting a record revenue of ₦1.2 trillion, up from ₦876.5 billion in 2024, a 34.5 percent increase.

Gross profit also doubled significantly to ₦604.1 billion, compared with ₦300.2 billion in the previous year.

Profit After Tax surged to ₦356 billion, a sharp rise from ₦73.9 billion in 2024, marking a 381.7 percent leap.

Earnings per share improved to ₦10.00, compared with ₦2.18 k in the previous year, underscoring the company’s stronger earnings capacity and improved operational efficiency in a challenging macro‑economic environment.

Chairman Abdul Samad Rabiu attributed the performance to disciplined execution and long‑term planning, noting that shareholder trust remains central to the company’s growth trajectory.

He said that even amid economic reforms and operational pressures, the company had not only maintained stability but strengthened its position within the cement industry.

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

He highlighted that ongoing infrastructure expansion—particularly the push for concrete road construction—continues to open new demand opportunities for cement producers.

He also reaffirmed BUA Cement’s expansion programme, saying the company is focused on protecting capital strength while scaling its bulk cement distribution network.

Rabiu further disclosed that the planned commissioning of the BUA LNG project later in the year would help reduce energy costs significantly, improving production efficiency and long‑term competitiveness.