BUA Cement Grows Profit by 79% to N384.4bn in H1 2026

BUA Cement Plc has announced a robust financial performance for the first half of 2026, with profit before tax soaring by 79% to N324.4 billion. This marks a significant increase from the N214.8 billion reported in the corresponding period of 2025.

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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.

The company's revenue also saw substantial growth, climbing 25.6% to N728.9 billion in H1 2026, up from N580.3 billion in H1 2025. This strong performance is attributed to expansion in its "new market" business segment, effective cost control measures across operations, disciplined treasury management, and a stable foreign currency environment.

BUA Cement highlighted a 4.4% year-on-year decline in direct cost per ton, alongside a 0.6% reduction between the first two quarters of 2026. The Operating Ratio improved significantly, dropping to 49.1% in H1 2026 from 57.9% in H1 2025. Consequently, Return on Asset (ROA) increased to 21.4% and Return on Equity (ROE) rose to 52.4%.

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I am pleased with the traction of the growth plans and the gains recorded. We will continue to prioritise measures aimed at driving operational efficiencies.

Earnings per Share (EPS) also saw a considerable jump, reaching N9.59 in H1 2026, compared to N5.34 in H1 2025. Yusuf Binji, Managing Director/CEO of BUA Cement, expressed satisfaction with the results, emphasizing the company's strategic focus on growth opportunities and cost efficiency. He anticipates continued productivity gains and improved cost management in the coming quarters.

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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.