BUA Cement Reports 64.43% Profit Increase in 2026

BUA Cement Plc announced a pre-tax profit of N556.70 billion for the nine months ended September 30, 2026, marking a 64.43% increase from N338.57 billion in the same period of 2025. The company's revenue surged by 26.55% to N1.09 trillion, while profit after tax rose by 59.77% to N463.10 billion.

This growth was attributed to enhanced operating margins, lower finance costs, and increased finance income, despite facing operational challenges and elevated energy costs. Managing Director/CEO Yusuf Binji noted that the company's logistics transformation and the use of LNG trucks would improve market penetration and reduce environmental impact.

Energy costs, which had been high due to supply constraints, normalized. The cost of sales increased by 8.84% to N466.45 billion, resulting in a gross profit of N620.27 billion and a gross profit margin improvement to 57.08%.

BUA Cement's total assets rose by 10.84% to N2.06 trillion as of September 2026.