Shareholders Hail Record ₦1.2tn Revenue Performance As Company Targets Expansion, Lower Energy Costs Through LNG Project
By Asabe Danjuma / May 26, 2026
ABUJA, NIGERIA — Shareholders of BUA Cement Plc have approved a massive dividend payout of ₦338.64 billion for the 2025 financial year following an extraordinary surge in profitability that positioned the cement giant among Nigeria’s strongest-performing industrial companies.
The approval was granted at the company’s 10th Annual General Meeting (AGM) held in Abuja, where investors applauded management for delivering record revenues and earnings despite Nigeria’s inflationary pressures, foreign exchange volatility, rising energy costs, and broader macroeconomic uncertainty.
The company declared a dividend of ₦10.00 per share, reflecting a dramatic improvement in earnings and operational performance compared to the previous financial year.
BUA Cement Posts Record ₦1.2 Trillion Revenue
Financial statements presented at the AGM showed that BUA Cement delivered one of the strongest results in its corporate history.
The company’s revenue rose sharply to ₦1.2 trillion in 2025, compared to ₦876.5 billion recorded in 2024 — representing a 34.5 per cent increase.
Even more striking was the company’s gross profit performance, which more than doubled to ₦604.1 billion from ₦300.2 billion in the previous year.
Profit After Tax (PAT) climbed to ₦356 billion, up from ₦73.9 billion in 2024 — a staggering 381.7 per cent increase that significantly strengthened shareholder confidence.
The earnings growth also pushed Earnings Per Share (EPS) to ₦10.00 from ₦2.18 in the preceding year, underlining improved efficiency and stronger returns for investors.
Shareholders Commend Management Amid Economic Challenges
Shareholders at the AGM described the company’s performance as evidence of strategic discipline, operational resilience, and strong corporate leadership during one of Nigeria’s most difficult economic periods.
Many investors praised the company for maintaining growth despite:
- High inflation
- Foreign exchange instability
- Rising production costs
- Energy supply challenges
- Increased logistics expenses
- Weak consumer purchasing power
The strong dividend payout was also viewed as a signal of confidence in the company’s future cash flow position and long-term expansion strategy.
Abdul Samad Rabiu Highlights Long-Term Growth Strategy
Chairman of BUA Cement, Abdul Samad Rabiu, attributed the impressive financial performance to disciplined execution, strategic planning, and investor confidence.
Addressing shareholders during the AGM, Rabiu stated that trust from investors remained central to the company’s continued expansion and profitability.
“Your faith and belief in us to continue adding value is the foundation for this impressive performance we have recorded,” he said.
Rabiu explained that despite economic reforms and operational pressures across the manufacturing sector, the company had strengthened its competitive position within Nigeria’s cement industry.
Infrastructure Push Driving Cement Demand
The BUA chairman also linked the company’s performance to increasing infrastructure activities across Nigeria, especially the growing adoption of concrete road construction projects.
Industry analysts say federal and state government infrastructure programmes continue to support cement demand despite broader economic pressures affecting household spending and private construction activities.
Rabiu noted that BUA Cement intends to deepen its market penetration through aggressive expansion of its bulk cement distribution network across the country.
The company’s expansion strategy is expected to strengthen supply chains, improve product accessibility, and increase production efficiency.
LNG Project Expected To Cut Energy Costs
One of the key announcements during the AGM was the planned commissioning of the BUA LNG project later in 2026.
According to the company, the LNG initiative is designed to significantly reduce energy costs — one of the biggest operational burdens facing cement manufacturers in Nigeria.
Energy remains a critical factor in cement production, with manufacturers heavily affected by rising diesel prices, gas supply disruptions, and unstable electricity infrastructure.
Rabiu expressed confidence that the LNG project would improve production efficiency, strengthen competitiveness, and support long-term profitability.
Cement Industry Faces Competitive Pressure
The latest results come amid intensified competition within Nigeria’s cement sector, where major producers continue to battle rising operational costs and changing market conditions.
BUA Cement’s strong performance is likely to intensify competition among leading players as companies seek larger market share through expansion, pricing strategies, and infrastructure partnerships.
The company had earlier announced measures aimed at reducing cement prices and supporting distributors nationwide as part of broader efforts to stabilise supply and strengthen customer relationships.
Analysts See Positive Signal For Investors
Market analysts say the record dividend declaration and sharp profit growth could strengthen investor sentiment toward Nigeria’s industrial and manufacturing sector despite lingering macroeconomic uncertainties.
They argue that companies capable of scaling production, managing energy costs, and sustaining operational efficiency may continue to outperform competitors in the current business environment.
The latest earnings also reinforce BUA Cement’s growing position as one of Nigeria’s most influential manufacturing companies.
BUA Cement’s ₦338.64 billion dividend approval and record-breaking financial performance underscore the resilience of Nigeria’s industrial sector despite persistent economic headwinds.
As the company pushes forward with expansion plans, infrastructure partnerships, and energy-cost reduction initiatives, analysts believe its future performance could significantly influence investment confidence across Nigeria’s manufacturing landscape.
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