BUA Cement Profits Soar 513% to ₦99.77 Billion in Q2 2025

BUA Cement Plc has reported a 513% year-on-year increase in post-tax profit to ₦99.77 billion in Q2 2025, up from ₦16.28 billion in the same period last year.

The company’s H1 2025 net profit surged 428% YoY to ₦180.9 billion, amid macroeconomic pressures.

Revenue rose 42.7% YoY in Q2 to ₦289.5 billion, while H1 sales jumped 59% to ₦580.3 billion, reflecting strong cement demand across Nigeria’s construction and infrastructure markets.

Gross profit climbed 129.4% to ₦147.3 billion, lifting gross margin to 51%, despite a 15.6% rise in H1 cost of sales to ₦294.5 billion.

For Q2 alone, cost of sales edged up just 2.6% YoY to ₦142.18 billion, with major inputs being raw materials, energy, and manufacturing overheads.

While selling and distribution, and administrative expenses increased significantly compared to Q2 2024, operating profit still surged 161% YoY to ₦126.4 billion, supported by topline growth and a 224.1% spike in other income to ₦310.66 million. The company’s H1 other income also rose 671.9% YoY.

Finance costs more than doubled to ₦18.8 billion, driven by higher interest rates. However, a ₦1.6 billion net exchange gain (versus a ₦29.9 billion loss in Q2 2024) cushioned this impact, pushing profit before tax up 511% to ₦115 billion.

Earnings per share soared 512% to 294.62 kobo, compared to 48.09 kobo in the same quarter last year.

As of June 30, 2025, total assets stood at ₦1.61 trillion, with retained earnings up 103% YoY to ₦356.6 billion.

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