BUA Cement Plc, Nigeria’s second-largest cement producer, delivered a nearly six-fold profit increase in nine months.
Specifically, after-tax profit climbed to ₦289.86 billion, rising sharply from ₦48.97 billion in the same period last year.
The company achieved this turnaround mainly through foreign exchange gains, which swung from a ₦57.44 billion loss to a ₦21.63 billion gain.
BUA Cement Revenue And Efficiency
Meanwhile, revenue surged 47.2% to ₦858.73 billion, driven by strong cement demand and strategic price adjustments.
At the same time, costs rose only 6.6%, allowing gross profit to reach ₦429.26 billion and operating profit to hit ₦365.62 billion.
However, higher interest rates increased finance costs by 165.6%, pushing them to ₦46.15 billion and slightly offsetting gains.
Despite this, operating profit before working capital changes doubled, proving the core business remains strong.
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Cash And Market Strength
The company actively reduced payables and contract liabilities, using cash to settle suppliers and fulfil customer prepayments.
As a result, cash balance rose to ₦154 billion, reflecting robust operational performance and FX-driven gains.
Furthermore, total assets reached ₦1.63 trillion, liabilities stood at ₦1.02 trillion, and equity expanded 66% to ₦608 billion.
Consequently, market capitalisation climbed to ₦6.9 trillion, while the share price surged 93% year-to-date, signalling investor confidence.
Overall, BUA Cement demonstrates how strategic pricing, operational leverage, and currency management can drive record-breaking results.
