BUA Cement Reports 22.1% Revenue Growth in Q1 2026

BUA Cement released its unaudited financial statement for Q1 2026, ending March 31, 2026, reporting a revenue of N355 billion, which represents a 22.1% increase from N290.8 billion in Q1 2025. The profit before tax for Q1 2026 was N192.7 billion, reflecting a significant increase of 93.2% compared to N99.7 billion in Q1 2025.

The company's growth was attributed to cost efficiency measures and a strong interest income, alongside foreign exchange gains. Direct costs per ton declined for the second consecutive year by 2.1%, underscoring effective cost control.

Total costs, including selling, distribution, and administrative expenses, rose marginally by 1.9% to N175.8 billion, remaining below the average inflation rate for the period. The gross profit and EBITDA margins improved to 56.9%, up from 53.9%.

Mr. Yusuf Binji, the Managing Director of BUA Cement, expressed optimism about the company's transformation and operational strategies, which are expected to yield further benefits in the fiscal year.

The company's stock price increased to N335.00 per share as of April 24, 2026.