BUA Cement's Profit Soars 6-Fold on FX Gains in Nine Months
BUA Cement, Nigeria's second-largest cement producer, reported a significant increase in profit after tax to N289.86 billion in the nine months ending September 30, 2025, marking a nearly six-fold rise from the previous year. The surge was primarily attributed to foreign exchange gains, with a notable net exchange gain of N21.63 billion in 2025.
The company's revenue also saw a substantial increase of 47.2%, reaching N858.73 billion in 2025. Despite higher operational profits, the company faced challenges with rising net financial costs due to increased interest rates.
BUA Cement's operational strength was evident through improved core business performance and efficient working capital management.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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