BUA Cement Profit Jumps 80% To ₦324.9 Billion - Business

BUA Cement Profit Jumps 80% To ₦324.9 Billion - Business - Nairaland

Nairaland Forum › Nairaland General › Business › BUA Cement Profit Jumps 80% To ₦324.9 Billion (3198 Views)

BUA Cement Profit Jumps 80% To ₦324.9 Billion by Graciousnaija(op): 10:47pm On Jul 23

BUA CEMENT PROFIT JUMPS 80% TO N324.9BN ON COST DISCIPLINE, NEW MARKETS ENTRY

BUA Cement recorded a net foreign exchange gain of N16.57 billion during the first half of 2026 compared with only N782.8 million in the same period last year and a N9.70 billion foreign exchange loss for the full 2025 financial year.

This marked reversal reflects the relatively more stable exchange rate environment that has followed the sharp currency adjustments experienced over the previous two years.

The improvement helped reduce overall net finance costs to just N3.41 billion, compared with N31.37 billion in the corresponding period of 2025, despite the company continuing to carry substantial borrowings. Finance income also increased sharply to N18.73 billion, supported by higher interest earned on cash balances.

BUA Cement continued to generate significant operating cash flows despite paying substantial dividends and investing heavily in capacity expansion.

Net cash generated from operating activities stood at N278.45 billion, demonstrating the business’ strong cash conversion capability. Capital expenditure reached over N60.67 billion, largely invested in property, plant and equipment as the company continues expanding production capacity.

Property, plant and equipment increased to N1.22 trillion from N1.18 trillion at the end of 2025, reflecting continued investment in production assets and projects under construction. Construction work-in-progress alone rose to about N183.86 billion, highlighting ongoing expansion activities.

The earning note stated that BUA Cement is progressing with plans to expand installed production capacity from 17 million metric tonnes per annum to 20 million metric tons, including the construction of a greenfield cement plant in Ososo, Edo State.

Commenting on the results, Yusuf Binji, managing director and chief executive officer, said the company remained focused on capturing new growth opportunities while maintaining cost discipline.

“We have delivered a strong quarter despite the constraints encountered,” Binji said.

He noted that the company’s growth initiatives and cost optimisation programmes were gaining traction and expressed confidence that ongoing process improvements would deliver higher productivity and better cost management in the coming quarters.

“I am very encouraged by our outlook and performance over the next quarters,” he added.

https://politicsnigeria.com/2026/07/24/bua-cement-profit-jumps-80-to-n324-9bn-on-costs-discipline-new-markets-entry/

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Re: BUA Cement Profit Jumps 80% To ₦324.9 Billion by adeoba2008(m): 6:38am On Jul 24

We shall get there. I can't wait for the refinery to come in board as soon as possible. This will definitely create more jobs.

5 Likes 1 Share

Re: BUA Cement Profit Jumps 80% To ₦324.9 Billion by Britishcoins(m): 6:39am On Jul 24

thank God I bought enough share last month.....profit na water

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Re: BUA Cement Profit Jumps 80% To ₦324.9 Billion by ViceGovernor: 6:39am On Jul 24

They make all these gains as a result of unfair/unethical business practices and discriminatory pricing models.

There should be a price floor (minimum amount cement can be sold) and price ceiling (maximum amount cement can be sold).

That is an area where communism and socialism beats democracy, all business are fair and regulated by the state.

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Re: BUA Cement Profit Jumps 80% To ₦324.9 Billion by Kalaskala: 6:40am On Jul 24

For the last 3+ months I noticed people now use BUA cement more compared to Dangote, I didn't bothered to ask why, maybe their products are cheaper

Re: BUA Cement Profit Jumps 80% To ₦324.9 Billion by ViceGovernor: 6:42am On Jul 24

It's not for our own good, those men are here to line their pockets with our sweats and the ef gee will look the other way as usual.

There's no reason we should be buying fuel ⛽ for more than 200 naira, they have created extreme artificial conditions to increase price and steal from us.

adeoba2008:
We shall get there. I can't wait for the refinery to come in board as soon as possible. This will definitely create more jobs.

8 Likes

Re: BUA Cement Profit Jumps 80% To ₦324.9 Billion by Emeskhalifa(m): 6:44am On Jul 24

Bua and the rest should Create more refineries to rival Dangote. Break that monopoly jinx

Re: BUA Cement Profit Jumps 80% To ₦324.9 Billion by adecares(f): 6:45am On Jul 24

I dont know if it's the system that's wicked or humans are just selfish.

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Re: BUA Cement Profit Jumps 80% To ₦324.9 Billion by U09ce: 6:45am On Jul 24

I wholeheartedly support local industries like BUA and Dangote but there has to be a honest conversation around fair prices. In a country with deep housing deficits, affordable cement price is a key catalyst to expansion of the real estate segment of the economy.

What must have slipped the attention of many is that there is no proportional expansion of cement production lines compared to the increased utilisation of cement especially for roads. Most FG roads are now been built on rigid(concrete) pavement thus spiking cement demand. And when you have such increase in demand without commensurate adjustment in the supply side, there is a potential for price increase or manipulation. It's the job of the government to determine whether such supply gaps truly exist and how wide they are, and allow some controlled imports to balance the markets.

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Re: BUA Cement Profit Jumps 80% To ₦324.9 Billion by 2special(m): 6:49am On Jul 24

Britishcoins:
thank God I bought enough share last month.....profit na water

Some are complaining while some are smiling to the bank.

Re: BUA Cement Profit Jumps 80% To ₦324.9 Billion by Mandem05: 6:51am On Jul 24

ViceGovernor:
It's not for our own good, those men are here to line their pockets with our sweats and the ef gee will look the other way as usual.

There's no reason we should be buying fuel ⛽ for more than 200 naira, they have created extreme artificial conditions to increase price and steal from us.

Do you prefer we regress back to the days of fuel scarcity?

Re: BUA Cement Profit Jumps 80% To ₦324.9 Billion by Lanretoye(m): 6:53am On Jul 24

Can you imagine in a country where there is grave housing deficit…capitalism do well for our country

Re: BUA Cement Profit Jumps 80% To ₦324.9 Billion by LabStores: 6:53am On Jul 24

Nigeria is sitting on one of Africa's largest limestone reserves, yet Nigerians buy some of the most expensive cement on the continent.

How?

Year after year, the richest cement company owners become even richer, their fortunes soaring while millions of Nigerians struggle to build a simple home. The gap keeps widening, and ordinary citizens are the ones paying the price.

The government has also failed Nigerians by not doing enough to ensure real competition and protect consumers from persistently high prices.

The same pattern is now being debated in other key sectors, including fuel, where many Nigerians question whether enough is being done to keep prices affordable and markets competitive.

A country blessed with abundant natural resources should not make cement a luxury. Nigerians deserve fair prices, effective regulation, and an economy that works for everyone, not just a powerful few.

Compare the price of cements in Nigeria with other neighbouring countries and you'll be shocked.
GREED IS THE MAJOR PROBLEM OF NIGERIA.

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Re: BUA Cement Profit Jumps 80% To ₦324.9 Billion by Godfullsam(m): 6:56am On Jul 24

adeoba2008:
We shall get there. I can't wait for the refinery to come in board as soon as possible. This will definitely create more jobs.

You shall get where?

These criminals will not let you get to anywhere.

They conived with the clueless government to sell cement to Nigerians at ridiculously high price and come back to an announce crazy profits.

90% of the raw materials for cement production are gotten here in Nigeria.

These guys will still be in profit if they sell cement to Nigerians for 5k - 6k. But greedy won't allow them because there is nobody to check mate their activities.

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Re: BUA Cement Profit Jumps 80% To ₦324.9 Billion by Helinuss: 6:57am On Jul 24

Profit or ripping nigerians of their sweat

This is not right. Bring down the prices of these products

Do we have governemnt at all?

It is these elite agaisnt the masses. Government not balancing things at all cause of kick backs

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Re: BUA Cement Profit Jumps 80% To ₦324.9 Billion by Klington: 7:00am On Jul 24

They are making mad profits from struggling Nigerians. That's tinubu's way of governance.

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Re: BUA Cement Profit Jumps 80% To ₦324.9 Billion by Dogalmighty17: 7:01am On Jul 24

80% increase in profits! In less than a year! Tell me which other country on earth permits this kind of broad daylight robbery?
A 50kg bag of cement sells for 4500 naira in China, 5000 naira in Egypt and 7000 naira in South Africa.

There is nothing that justifies the prices these thieving local companies selling cement for in Nigeria. A serious government should fling open import licences for cement so that cheaper cement sources can be accessed.

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Re: BUA Cement Profit Jumps 80% To ₦324.9 Billion by nwakibie3(m): 7:05am On Jul 24

More private jet for oga grin

Chai, Nigerians sweat 💦

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Re: BUA Cement Profit Jumps 80% To ₦324.9 Billion by ViceGovernor: 7:13am On Jul 24

There has never been fuel scarcity in Nigeria.....sir what you saw was artificial hoarding of fuel to increase price and make unethical profits off of Nigerians especially during festive period.

Nigeria is abundantly blessed with oil even as we speak there are two gigantic pipelines being built all the way from southern Nigeria straight to Europe, later some pelican mouthed spokesman will come on MTA and tell there is gas shortage in the country whereas those phools are sending our gas to Europe without giving a dogs bollocks about domestic consumption.

Mandem05:
Do you prefer we regress back to the days of fuel scarcity?

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Re: BUA Cement Profit Jumps 80% To ₦324.9 Billion by Gotocourt: 7:24am On Jul 24

Dogalmighty17:
80% increase in profits! In less than a year! Tell me which other country on earth permits this kind of broad daylight robbery?
A 50kg bag of cement sells for 4500 naira in China, 5000 naira in Egypt and 7000 naira in South Africa.

There is nothing that justifies the prices these thieving local companies selling cement for in Nigeria. A serious government should fling open import licences for cement so that cheaper cement sources can be accessed.

FG takes over 50% on cement tax.

Re: BUA Cement Profit Jumps 80% To ₦324.9 Billion by Basicend: 7:24am On Jul 24

ViceGovernor:
They make all these gains as a result of unfair/unethical business practices and discriminatory pricing models.

There should be a price floor (minimum amount cement can be sold) and price ceiling (maximum amount cement can be sold).

That is an area where communism and socialism beats democracy, all business are fair and regulated by the state.

Very true words. It's a sad case really.

2 Likes

Re: BUA Cement Profit Jumps 80% To ₦324.9 Billion by Gotocourt: 7:28am On Jul 24

Manufacturing is the bomb, go into it if you have the money 💰.
Look for what's not manufactured in the country or region cool

and provide it wink

Re: BUA Cement Profit Jumps 80% To ₦324.9 Billion by maasoap(m): 7:34am On Jul 24

Hahahaha! I can bet that his cement company is responsible for greater part of this astronomical jump in profit. That's what happens when a product that is not supposed to be sold above N5,000 per bag is being sold at N12,000. The same thing goes for Dangote cement and others. The other time, Dangote was asked in an interview why his cement price is far higher at home than at neighbouring countries, he started making excuses about taxes and all other nonsense.
These people, all the cement manufacturers in Nigeria instead of competing among themselves to bring the price of cement down to a reasonable price and profit, they effectively colluded to raise the price of cement unfairly. This was done in 2023 when they first created false cement scarcity and since then, all of them started declaring insane annual profits!

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Re: BUA Cement Profit Jumps 80% To ₦324.9 Billion by ViceGovernor: 7:46am On Jul 24

The whole country is rigged because the only people who can change the system are those benefiting from the system the most, so there's no hope in sight until a man who has the masses at heart gets to power.

Unfortunately such men are always taken early by God.

Basicend:
Very true words. It's a sad case really.

2 Likes

Re: BUA Cement Profit Jumps 80% To ₦324.9 Billion by Queenserah1(f): 7:57am On Jul 24

I should have bought their shares back in January, chai.

2 Likes 1 Share

Re: BUA Cement Profit Jumps 80% To ₦324.9 Billion by favor914: 8:14am On Jul 24

ViceGovernor:
It's not for our own good, those men are here to line their pockets with our sweats and the ef gee will look the other way as usual.

There's no reason we should be buying fuel ⛽ for more than 200 naira, they have created extreme artificial conditions to increase price and steal from us.

If it was your sweat, u wouldn’t have been here whining huh

.

Go & create a scheme to prosper your life, nobody owes u anything, nobody will do anything for u to help prosper your existence.

No prosperity for lazy person.

Re: BUA Cement Profit Jumps 80% To ₦324.9 Billion by LordLicifer(m): 8:18am On Jul 24

ViceGovernor:
It's not for our own good, those men are here to line their pockets with our sweats and the ef gee will look the other way as usual.

There's no reason we should be buying fuel ⛽ for more than 200 naira, they have created extreme artificial conditions to increase price and steal from us.

Yep! Absolutely! these billions in profit doesn't benefit the masses rather it is money that had been extorted from the masses by hiking price of goods. There are no control of prices of goods in nigeria, today they charge what want, tomorrow the charge more, next week they charge even more, even though it is the same batch of goods. It is eye wateringly sad.

1 Like

Re: BUA Cement Profit Jumps 80% To ₦324.9 Billion by DeOTR: 8:22am On Jul 24

ViceGovernor:
They make all these gains as a result of unfair/unethical business practices and discriminatory pricing models.

There should be a price floor (minimum amount cement can be sold) and price ceiling (maximum amount cement can be sold).

That is an area where communism and socialism beats democracy, all business are fair and regulated by the state.

I believe you're doing business and giving it out to your customers without intent to make profit.

1 Like

Re: BUA Cement Profit Jumps 80% To ₦324.9 Billion by kgr8mike(m): 8:24am On Jul 24*

Cement inflation is out of this world :

20 bags of cement is 250,000. That's outrageous.

Please you guys should have mercy on fellow citizens.

The profits you are making is for what actually?

During Jonathan 20 bags is N20,000 @ 200/$
Which means N20, 000 = $100

So at N1500/$ , 20 bags is supposed to be around N150,000. While sell N250,000.? This is wickedness.

Bags. GEJ@200/$. @1500/$. Price

20 N20,000. N150000 N250,000

80. N80000. N600,000. N1M

360. N360,000. N2.7M N4.5M
Etc

The outrageous inflation on cement is unexplainable.

If you are buying 360 bags you spend N4.5M to buy it instead of N2.7 at N1500/$ compared to Jonathan time and taking dollar inflation into consideration.

Honestly all these blood you are squeezing out of Nigerians in the name of profit will not do any one any good.

3 Likes

Re: BUA Cement Profit Jumps 80% To ₦324.9 Billion by LordLicifer(m): 8:27am On Jul 24

favor914:
If it was your sweat, u wouldn’t have been here whining .

Go & create a scheme to prosper your life, nobody owes u anything, nobody will do anything for u to help prosper your existence.

No prosperity for lazy person.

These crooks do not sweat while making these billions, you think the owner of BUA cement sweats? What a ridiculous thinking. grin

You can't create any scheme that would ever match BUA cement with billions of naira in profit otherwise YOU would have created one yourself. What another ridiculous thinking. grin

these crooks are in cohort with the corrupt govament to extort the masses through price hikes. No price control for the same batch of goods today they charge high price, tomorrow they charge higher, next week they charge even more higher. They have monopoly.

I suspect you have never ever bought a bag of cement before

3 Likes

Re: BUA Cement Profit Jumps 80% To ₦324.9 Billion by Dricker: 8:28am On Jul 24

adecares:
I dont know if it's the system that's wicked or humans are just selfish.

selfish humans created the wicked system

2 Likes

1 2 Reply

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