BUA Cement Shareholders Applaud Record 2025 Performance, Approve N10 Dividend Payout
Rashidat Olushola Okunlade Writes
Shareholders of BUA Cement Plc have commended the company’s impressive 2025 financial performance following the approval of a dividend payout of N10.00 per ordinary share at its 10th Annual General Meeting (AGM) held in Abuja on Thursday.
The company posted strong growth across major financial indicators, reinforcing its position as one of Nigeria’s leading cement manufacturers and a key player in the country’s industrial development drive.
According to the company’s audited results presented at the AGM, revenue rose significantly to N1.2 trillion in the 2025 financial year, representing a 34.5 per cent increase from N876.5 billion recorded in 2024.
Gross profit also climbed to N604.1 billion from N300.2 billion in the previous year, while Profit After Tax (PAT) surged remarkably from N73.9 billion in 2024 to N356 billion in 2025, reflecting a 381.7 per cent increase.
Earnings per share equally improved from N2.18 in 2024 to N10.00 in 2025, culminating in the shareholders’ approval of the N10 dividend payout.
Speaking during the AGM, shareholders praised the leadership of the company’s Chairman, Abdul Samad Rabiu, as well as the management team, for steering the company through a challenging economic environment marked by reforms, market volatility and rising operational costs.
The shareholders also commended the company’s commitment to employee welfare, particularly its recent long-service awards initiative, alongside its sustained corporate social responsibility interventions across host communities and critical sectors of the economy.
Responding, Rabiu expressed appreciation to shareholders for their continued confidence in the board and management.
“Your trust and belief in us remain the foundation of the remarkable performance we have achieved,” he said.
He noted that despite prevailing economic challenges and ongoing reforms, the company had remained resilient and strategically positioned for sustained growth.
Rabiu reaffirmed the company’s commitment to its expansion agenda, particularly in support of Nigeria’s growing infrastructure drive, including the increasing adoption of concrete road construction across the country.
He further disclosed that the planned commissioning of the BUA LNG project later in 2026 is expected to significantly reduce energy costs and improve operational efficiency across the company’s cement plants.
According to him, the LNG project will provide a more cost-effective and sustainable energy alternative capable of enhancing productivity while safeguarding the company’s long-term capital integrity.
He also appreciated customers, business partners, management and staff for their dedication and contributions to the company’s outstanding performance during the financial year.
BUA Cement stated that its long-term growth strategy remains closely aligned with Nigeria’s industrialisation and infrastructure development objectives.
