Shareholders of BUA Cement Plc have approved a total dividend payout of N338.64 billion, amounting to N10.00 per share for the 2025 financial year.
The approval was made at the company’s 10th Annual General Meeting (AGM) held in Abuja, where shareholders also commended management for delivering strong revenue and profit growth despite prevailing economic challenges.
They expressed confidence in the leadership team, describing the year under review as one marked by resilience, expansion, and value creation.
The company recorded one of its strongest performances in recent years, posting a revenue of N1.2 trillion, compared to N876.5 billion in 2024, representing a 34.5 per cent increase.
Gross profit rose significantly to N604.1 billion, up from N300.2 billion in the previous year, reflecting improved operational efficiency and higher sales volumes.
Profit after tax also surged to N356 billion, a major jump from N73.9 billion in 2024, representing a 381.7 per cent growth.
Earnings per share improved to N10.00 from N2.18 in the previous year, highlighting stronger earnings capacity despite a challenging macroeconomic environment.
Chairman of the company, Abdul Samad Rabiu, attributed the performance to disciplined execution and long-term strategic planning, saying shareholder confidence remains central to the company’s growth strategy.
He noted that despite economic reforms and operational pressures, the company had maintained stability while strengthening its position in the cement industry.
“Your faith and belief in us to continue adding value is the foundation for this impressive performance we have recorded,” he told shareholders.
Rabiu also pointed to ongoing infrastructure expansion, especially the growing adoption of concrete road construction, as a key driver of demand for cement products.
He reaffirmed the company’s expansion plans, adding that BUA Cement is focused on strengthening capital base while scaling its bulk cement distribution network.
He further disclosed that the planned commissioning of the BUA LNG project later in the year is expected to reduce energy costs, improve production efficiency, and enhance long-term competitiveness.
