BUA Cement’s H1 2026 pre-tax profit surges 79% to N384.44bn
BUA Cement Plc reported its unaudited H1 2026 financial results, recording a profit before tax of N384.44 billion, representing a significant increase from N214.80 billion reported in the corresponding period of 2025.
Profit after tax also rose to N324.88 billion from N180.90 billion, while earnings per share increased to N9.59 from N5.34 in H1 2025.
Speaking on the company’s performance, the Managing Director/CEO, Yusuf Binji, said: “We have delivered a strong quarter despite the constraints encountered in May. Our strategic focus is firmly on new growth opportunities and cost-containing measures. I am pleased with the traction of the growth plans and the gains recorded during the quarter.”
“The strong performance was supported by growth in the “new market” business segment, continued cost containment across operations, sustained fiscal discipline in the treasury function, and a stable foreign currency environment.”
Key Highlights (H1 2026 vs. H1 2025)
Revenue: N728.93 billion (Up 25.61% YoY from N580.30 billion)
Gross profit: N427.03 billion (Up 48.70% YoY from N286.36 billion)
Operating profit: N271.31 billion (Up 10.34% YoY from N245.39 billion)
Net finance cost: N22.14 billion (Down 41.90% from N38.14 billion)
Foreign exchange loss: N16.57 billion compared with N782.82 million loss in H1 2025.
Total assets: N1.92 trillion (Up 3.41% from N1.86 trillion as of FY 2025)
Cash and short-term deposits: N307.50 billion (Up 33.64% from N230.00 billion as of FY 2025).
Total liabilities: N1.26 trillion (Up 6.35% from N1.18 trillion as of FY 2025)
Total equity: N659.13 billion (Up 5.20% from N627.90 billion as of FY 2025)
Driving the numbers
The strong performance can be attributed to a combination of revenue growth, improved operating efficiency, and lower finance costs.
