BUA Cement H1 2026 profit surge

BUA Cement Plc released its unaudited half-year financial results for the period ended June 30, 2026, showing a 25.6% increase in revenue to N728.9 billion and a 79.6% rise in profit after tax to N324.9 billion compared to the same period in 2025. The strong performance was attributed to growth in a new market segment, improved cost management, fiscal discipline, and a stable foreign exchange environment. The company reduced direct production cost per tonne by 4.4% year-on-year and improved its operating ratio to 49.1% from 57.9%. EBITDA margin rose to 54%, and earnings per share increased to N9.59 from N5.34. BUA Cement also recorded a net foreign exchange gain of N16.57 billion, reflecting a more stable exchange rate. The company continues to invest in capacity expansion, with capital expenditure exceeding N60.67 billion, and plans to increase installed capacity from 17 million to 20 million metric tonnes per annum, including a new greenfield plant in Ososo, Edo State. Managing Director Yusuf Binji expressed confidence in the company's outlook.