Shareholders of BUA Cement Plc have approved a final dividend of N10 per ordinary share for the 2025 financial year, amounting to a total payout of N338.64 billion to eligible investors.
The approval was given during the company’s 10th Annual General Meeting held in Abuja, where the management also announced plans to increase production capacity to 23 million metric tonnes annually by the end of 2027.
Chairman of the Board, Abdul Samad Rabiu, said the company recorded strong financial growth despite economic challenges and increased competition within the cement industry.
According to him, the 2025 financial year witnessed economic adjustments, currency stability, changing regulatory policies and rising competition in the sector. He stated that the company maintained focus on operational efficiency, governance reforms and disciplined financial management throughout the year.
Rabiu disclosed that the company generated N1.2 trillion in revenue in 2025, an increase from N876.5 billion recorded in 2024.
He further revealed that profit before tax rose by 367 per cent to N465.3 billion from N99.6 billion in the previous year, while profit after tax increased by 381.7 per cent to N356 billion, compared to N73.9 billion in 2024.
He attributed the performance to the commitment of the company’s management and staff, as well as effective cost management and operational improvements.
Rabiu also noted that the relative stability of the naira in the latter part of 2025 helped reduce pressure on finance costs and improved planning for the company.
On expansion plans, the company announced that a new three million metric tonnes per annum cement plant under construction in Ososo, Edo State, is nearing completion.
Managing Director and Chief Executive Officer of BUA Cement Plc, Yusuf Binji, said another production line would also be built in Sokoto State as part of efforts to expand operations.
According to him, the additional projects in Edo and Sokoto states will add about six million metric tonnes annually to the company’s capacity, raising total output to 23 million metric tonnes by next year.
Binji stated that the company’s 2025 performance demonstrated resilience and strategic planning despite macroeconomic challenges such as insecurity, high interest rates, volatile energy prices and fluctuating import costs.
He explained that the company managed these pressures through market diversification, efficient funding structures, improved cash flow management and local substitution strategies.
Some shareholders at the meeting described the expansion projects as a positive development that could strengthen competition in Nigeria’s cement industry and support infrastructure and housing development nationwide.
They also noted that the approved dividend reinforces the company’s position as one of the top dividend-paying manufacturing firms listed on the Nigerian Exchange.
The expansion projects are also expected to create employment opportunities and increase industrial activities in host communities, particularly in Edo and Sokoto states.
With the planned production increase, BUA Cement Plc is positioning itself to capture a larger share of Nigeria’s construction and infrastructure market amid growing demand for building materials.
