BUA Cement Reports 22.1% Revenue Growth in Q1 2026

BUA Cement Plc delivered a strong financial performance for the first quarter ending March 31, 2026, with revenue rising to N354.979 billion, a 22.1% increase from N290.820 billion in the same period of 2025. This growth is attributed to price adjustments and sustained demand in Nigeria's construction sector, with bulk cement sales contributing N14.40 billion to the total.

Operating profit increased by 50.8% to N179.509 billion compared to N119.035 billion the previous year, while gross margin rose to approximately 56.9%. The company recorded a net exchange gain of N13.01 billion, reversing a loss of N836.8 million in Q1 2025.

Profit before tax rose 93.2% to N192.684 billion, and total assets increased to N1.99 trillion as of March 2026. Yusuf Binji, Managing Director of BUA Cement, noted the encouraging performance and emphasized the company's ongoing transformation to meet cement demand and enhance operational efficiency.