H1 2025: BUA Cement declares 435.3% increase in profit to N214.8bn
BUA Cement Plc has declared 435.3 per cent increase in its profit before tax in half year (H1) ended June 30, 2025, to N214.8 billion as against N40.13billion declared in half year (H1) ended June 30, 2024.
From the profit & loss figures, the cement maker posted N428.1 per cent growth in prrofit after tax to N180.9 billion in H1 2025 from N34.25billion posted in H1 2024.
The significant increase in profit was drien byy 59.4 per cent increase in revenue to N580.3billion in the period under review froom N363.94 billion reported in corresponding period of 2024.
Commenting on the H1 2025 unaudited results, the Managing Director/ CEO, BUA Cement, Yusuf Binji in a statement said: “BUA Cement delivered a strong performance in the H1 2025, reflecting the Company’s continued growth momentum and operational resilience. The results affirm the positive trajectory of the business and the confidence of stakeholders in its long-term value.
“When we started out at the beginning of the year, we were clear-eyed on our priorities, which were: margin recovery and its sustenance, cost focus and efficiency, and market penetration. I am delighted with how we have progressed on the first two.
“Currently, our margins have returned to and being sustained at acceptable levels, and cost improvements are also being achieved.
“In June, we held the 2024 Awards Ceremony for our esteemed distributors, themed ‘Pillars of Strength: Celebrating Partnerships.’ The event provided us the opportunity to engage with our business partners and acknowledge their loyalty and trust in our brand.
“In the coming quarters, we remain well set up to consolidate on the gains achieved, advance the rest of our objectives and maintain our cost discipline”.
Speaking on the financial performance, the Chief Financial Officer, Chikezie Ajaero said: “The performance reflects a sustained recovery in margins, building on the momentum recorded in the first quarter.
This was driven by continued topline growth, cost efficiency, and exchange rate stability. Notably, we achieved gross and EBITDA margins of 49.2per cent and 46.2per cent respectively — a significant improvement from 30per cent and 26.2 per cent recorded in the H1 2024.
“Furthermore, we attained an average return on equity and asset of 37.5per cent and 15.4per cent respectively, compared to 8.5per cent and 6.2per cent during the H1 2024”.
