Q1 2025: How BUA Cement Grew Revenue By 80.5% To 290.9bn

BUA Cement Plc (“the Company”) has released its first quarter 2025 Unaudited Financial Statements. The results show a reported net revenue increase of 80.5% to N290.9 billion from N161.1 billion in the first quarter of 2024. Furthermore, profit before tax increased by 368.6% to N99.7 billion fromN21.3 billion, while profit after tax increased by 351% to N81.1 billion from N18 billion in 2024.

Speaking on the overall performance, the Managing Director/ CEO, Engr Yusuf Binji said: “I am extremely delighted about our first quarter performance which has seen us sustain our continued growth in earnings. This is evidence of trust, consistent quality and product delivery, aided by our commitment to excellence. In addition, we achieved further cost improvements through enhanced production efficiency.

Looking ahead to the next quarter, we expect a similar impressive performance, supported by the costreduction initiatives being implemented”.

On the financial Performance, the Chief Financial Officer, Chikezie Ajaero said: “The quarter was not just a strong one, but a recovery from our performance in the first quarter of 2024. Our margins are recovering to acceptable levels, supported by exchange rate stability despite a high-cost operating environment. We remain confident that the measures we have implemented will continue to yield positive outcomes for the Company”.

I.            Financial Highlights 

    
N’mQ1’2025Q1’2024%∆
Revenue 290,821161,13180.5
Cost of sales  (152,369)(116,094)31.2
Operating profit 119,03333,477255.6
Profit before tax99,74121,286368.6
Profit after tax 81,12417,970351.4
Earnings per share (kobo)239.653.6346.5
    

    II.     Operational Highlights 

  • Construction of a 700TPD regasification plant at the Sokoto Plant.
  • Project works for the 3mmtpa greenfield line at Ososo, Edo State progressing as planned.
  • Introduction of solid fuel at the Obu Plant – energy/cost optimization.

Leave a Reply

Your email address will not be published. Required fields are marked *

3 + 2 =
Powered by MathCaptcha

You May Also Like

MTN Nigeria Unveils Digitised Retail Store

This milestone underscores MTN’s commitment to enhancing customer service experience

When Leaders THRIVE: Yetunde B. Oni’s Candid Counsel To The Lateef Jakande Leadership Academy

Out of 25,000 applicants, only 30 earned a place. That single figure tells you how rare the room was when Yetunde B. Oni, Managing Director and Chief Executive Officer of Union Bank of Nigeria, recently sat down with a cohort of the Lateef Jakande Leadership Academy.

Unity Bank Partners RIFAN On Mega Rice Pyramid Display

The event, which coincided with the flag-off of the dry season farming, was used to showcase the gains

ASR Africa To Revamp Gwarimpa General Hospital Neonatal Unit As Facility Gets Donation Of Ambulance, Multimillion Naira Equipment

ASR Africa To Revamp Gwarimpa General Hospital Neonatal Unit As Facility Gets…