Caption: From left, Chikezie Ajaero, Executive Director/Chief Finance Officer, BUA Cement Plc; Shehu Abubakar, Non-Independent Director; Khairat Abdulrazaq-Gwadabe, Non-Independent Director, BUA Cement Plc; Yusuf Binji, MD/CEO of the company; Abdul Samad Rabiu, Chairman, Board of Directors; Hauwa Garba-Satomi, Company Secretary/Chief Legal Officer; Kabiru Rabiu, Non-Executive Director; Finn Arnoldsen, Non-Executive Director; Chimaobi Madukwe, Non-Executive Director; and Ganiat A. Siyanbola, Non-Independent Director at the company’s 10th Annual General Meeting in Abuja.
Shareholders of BUA Cement Plc, on Thursday in Abuja commended its bullish performance for the 2025 financial year, which reinforced the company’s position as one of Nigeria’s leading cement manufacturers and a major driver of industrial growth
The shareholders gave their blessings to the N10.00 dividend per share proposed by the directors
According to the financials laid before the Annual General Meeting, the 10th since the birth of BUA Cement, revenue for the year ended December 31, 2026, stood at N1.2 trillion, representing a 34.5 per cent growth from N876.5 billion in 2024. Gross profit rose to N604.1 billion (2025) from N300.2 billion in 2024, while Profit After Tax (PAT) leaped from N73.9 billion (2024) to N356 billion in 2025 (381.7% increase), translating to earning per share rise from N2.18k (2024) to N10.00 at the end of 2025.
The delighted shareholders applauded the visionary leadership of the company’s Chairman, Abdul Samad Rabiu and the executive management for their value-based strategies adopted in navigating a year characterized by volatility and transition. Furthermore, the shareholders highlighted the company’s recent employee long service award as motivational and exemplary, with its sustained impact through various philanthropic interventions in the host communities and across sectors.
Responding, the Chairman, appreciated the shareholders for their loyalty, and trust in the company’s board and management.
For him, the faith and belief by shareholders in the ability of the board and management ‘to continue adding value, is the foundation for this impressive performance we have recorded.” He stressed further that despite the necessary economic reforms with its attendant challenges, BUA Cement has emerged stronger, more valuable and will continue to deliver on its commitments to its esteemed shareholders.
Continuing, he noted that “in spite of the infrastructural developments across the country by the government, especially concrete road construction, BUA Cement is committed to its expansion programme, safe-guarding the integrity of its capital, and building on its recorded bulk cement distribution success. Also, the upcoming 2026 commissioning of BUA LNG project later this year will further reduce our operating cost, provide a more cost-effective energy alternative to our plants”.
According to Rabiu: “With the infrastructural developments across the country by the government, especially concrete road construction, BUA Cement is committed to its expansion programme, safe-guarding the integrity of its capital, and building on its recorded bulk cement distribution success. Also, the upcoming commissioning of BUA LNG project later this year will further reduce our operating cost, and provide a more cost-effective energy alternative to our plants”.
BUA Cement’s growth strategy, the company said in a statement, remains deeply aligned with Nigeria’s industrial future. Whilst extending his appreciation to customers, business partners for their loyalty, the company’s management and employees, were also commended for their dedication and hard work throughout the year to achieve such impressive results.
