BUA Cement posts N728.9bn revenue, N324.9bn profit in H1 2026

BUA Cement Plc has recorded a 25.6 per cent increase in revenue to N728.9 billion for the half-year ended June 2026.

BUA Cement disclosed this in its unaudited financial results released on Thursday, July 23, 2026.

The company said its revenue rose from N580.3 billion recorded during the corresponding period in 2025.

The company reported profit before tax of N384.4 billion, representing a 79 per cent increase from N214.8 billion recorded in 2025.

BUA Cement added that profit after tax grew by 79.6 per cent to N324.9 billion, compared with N180.9 billion in the corresponding period of 2025.

BUA Cement attributed the performance to growth in its new market segment, improved cost management, fiscal discipline and a stable foreign exchange environment.

It said the new market segment contributed more to revenue both year-on-year and compared with the preceding quarter.

The company said cost containment measures reduced direct cost per tonne by 4.4 per cent year-on-year and 0.6 per cent between the first two quarters of 2026.

BUA Cement added that its operating ratio declined to 49.1 per cent in the first half of 2026 from 57.9 per cent in the corresponding period of 2025.

According to the company, return on assets improved to 21.4 per cent from 15.4 per cent, while return on equity rose to 52.4 per cent from 37.8 per cent.

BUA Cement said earnings before interest, taxes, depreciation, and amortisation increased to 54 per cent from 46.3 per cent during the review period.

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The company also reported earnings per share of N9.59, compared with N5.34 recorded in the first half of 2025.

The Managing Director and Chief Executive Officer of BUA Cement, Yusuf Binji, expressed satisfaction with the company’s performance despite prevailing operational challenges.

Binji said: “We have delivered a strong quarter despite the constraints encountered.

“As outlined in my April commentary, our strategic focus is firmly on new growth opportunities and cost containing measures.

“I am pleased with the traction of the growth plans and the gains recorded.”

He said the company would continue to prioritise measures aimed at improving operational efficiency.

Binji added: “Therefore, I expect current process optimisation activities will result in higher productivity and improved cost management, especially with the decisions taken during the quarter.

“I am very encouraged by our outlook and performance over the next quarters.”