BUA Cement Reports N1.1 Trillion Revenue Growth in 2026

BUA Cement Plc released its unaudited financial results for the nine months ending September 30, 2026, showing a revenue growth of 26.5% to N1.1 trillion, up from N858.7 billion in the same period of 2025. Profit before tax surged by 64.4% to N556.7 billion from N338.6 billion, while profit after tax increased by 59.8% to N463.1 billion from N289.6 billion.

Earnings per share also rose by 59.8% to N1,367.50 from N855.90. The company attributed its performance to three consecutive quarters of volume growth, driven by increased bulk cement sales, despite challenges such as heavy rainfall and poor road conditions.

Cost of sales rose by 8.8% to N466.4 billion due to energy mix issues and elevated prices linked to geopolitical tensions. Managing director/CEO Yusuf Binji expressed satisfaction with the results, emphasizing resilience and operational improvements, including the introduction of LNG-powered trucks to enhance efficiency and reduce carbon footprint.