BUA Cement Plc (NGX: BUACEMENT) has reported a year-on-year profit after tax jump of 428.11%, from ₦34.25bn to ₦180.89bn.
The Company on Friday, released it’s unaudited financial statements for the six months ended 30 June, showing double digit growth in revenue.
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A review of the financial statements showed that the company was able to boost its profits by ensuring moderate increases in it’s expenses, thus transforming the revenue growth to profits.
Statements of Profit and Loss
BUA Cement Plc reported a 59.45% growth in revenue, rising from ₦363.94bn reported in H1 2024 to ₦580.30bn in H1 2025. All the revenue came from sales of cement..
Cost of sales decreased by 19.07% from ₦363.94bn in H1 2024 to ₦294.54bn in H1 2025, with the highest production cost item being Energy cost amounting to ₦77.90bn (H1 2024: ₦70.47bn). This was closely followed by manufacturing expenses of ₦72.61bn (H1 2024: ₦87.77bn).
The Company’s selling and and distribution expenses increased from ₦16.28bn to ₦29.78bn, while administrative expenses changed marginally from ₦11.18bn in H1 2024 to ₦11.63bn. Finance cost increased by 250.54% from ₦10.87bn to ₦38.13bn.
Profit Before Tax for H1 2025 stood at ₦214.80bn, 435.29% higher than the ₦40.12bn reported in H1 2024. The company paid tax amounting to ₦33.90bn (H1 2024: ₦5.87bn).
At the end of the period, BUA Cement Plc posted a profit after tax of ₦180.89bn, 428.11% higher than the ₦34.25bn reported in H1 2024.
Earnings per share also rose by similar percentage to ₦5.34 (H1 2024: ₦1.01).
Statements of financial position
Total assets as at 30 June, 2025, was ₦1.61trn (31 Dec. 2025: ₦1.57trn). Of this, ₦1.15trn was non-current assets while ₦460.00bn was current assets.
Total liabilities as at 30 June, 2025, was ₦1.04trn (31 Dec. 2025: ₦1.18trn). Of this value, ₦545/57bn was non-current liabilities, while ₦495.03bn was current liabilities.
Shareholders equity stood at ₦569.44bnn (31 Dec. 2025: ₦388.54bn). The companies retained income grew from the ₦175.59bn on the books as at 31 Dec. 2024, to ₦356.59bn.
Statements of cash flow
BUA Cement Plc generated a net cash of ₦150.21bn in the 6 months period, in H1 2024 ₦405.25bn was generated from the same activity.
A net cash of ₦9.61bn was used in investing activities in the period under review, while a net cash of ₦62.52bn was used in financing activities.
Cash and cash equivalent at the end of the period was ₦163.40bn (H1 2024: ₦84.74bn).
About the Company
BUA Cement Plc is a company domiciled in Nigeria. The Company was incorporated in Nigeria as a limited liability company on 30 May 2014 and commenced business in August 2015.
The Company was converted from a private limited liability company to a public limited liability company on 16 May 2019, as a prelude to a scheme of merger. The Company later merged with the defunct Cement Company of Northern Nigeria Plc in a scheme of merger on 23 December 2019 and was listed on the Nigerian Stock Exchange (now Nigerian Exchange) on 9 January 2020. BUA Cement Plc is ultimately owned by Alhaji Abdulsamad Rabiu CFR, CON.
The address of its registered office is 32, Churchgate Street, Victoria Island, Lagos. The principal activities of the Company are manufacturing and sales of cement to the general public. These activities are conducted primarily in Nigeria.
The majority shareholder of the Company, Abdulsamad Rabiu CFR, CON is the Chairman of the Board of Directors and the ultimate owner of the
Company.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
