BUA Cement Plc, Nigeria’s second-largest cement producer, reported a massive leap in profitability for the 2025 financial year, with profit after tax reaching N356.04 billion. This figure represents a near five-fold increase from the N73.91 billion recorded in 2024, according to a corporate disclosure filed on the Nigerian Exchange Ltd.
The profit surge was driven by robust top-line growth and margin expansion. Revenue rose sharply to N1.179 trillion from N876.47 billion in the prior year, while the cost of sales declined slightly to N575.26 billion from N576.20 billion. Consequently, gross profit more than doubled to N604.18 billion. Operating profit also more than tripled, soaring to N504.55 billion from N144.30 billion, despite higher operating expenses. Profit before tax followed a similar trajectory, increasing to N465.28 billion from N99.63 billion.
On the balance sheet, total assets grew to N1.811 trillion from N1.570 trillion, primarily fueled by a substantial rise in current assets, which climbed to N618.43 billion from N374.44 billion. Non-current assets saw a marginal decline to N1.193 trillion from N1.196 trillion. The company’s liability profile improved markedly, with total liabilities reducing to N1.030 trillion from N1.182 trillion. This reduction was largely due to a significant fall in non-current liabilities, which dropped to N405.24 billion from N607.25 billion. Current liabilities, however, increased to N624.26 billion from N574.55 billion.
The strengthened balance sheet translated into a major equity boost, which nearly doubled to N782.14 billion from N388.55 billion. A key contributor was a sharp increase in retained earnings, which rose to N571.55 billion from N175.70 billion.
The full-year results indicate a year of pronounced operational efficiency, with revenue growth coupled with controlled production costs leading to amplified earnings. The deliberate reduction in long-term debt has further solidified the company’s financial position, enhancing its capacity for future investment and shareholder returns. These results position BUA Cement for sustained momentum in the competitive Nigerian building materials sector.
