Shareholders of BUA Cement Plc have approved a final dividend payment of N10 for every ordinary share for the 2025 financial year. The decision means the company will distribute a total of N338.64 billion to qualified investors.
The approval was given during the company’s 10th Annual General Meeting held at the Transcorp Hilton Abuja on Thursday. During the meeting, the company also revealed plans to expand its production capacity to 23 million metric tonnes per year by the end of 2027.
Chairman of the company, Abdul Samad Rabiu, said the company achieved strong financial growth despite difficult economic conditions and intense competition in the cement industry.
According to him, the 2025 business year came with several challenges, including changing government regulations, currency adjustments and rising competition among cement producers. However, he explained that the company focused on improving operational efficiency, strengthening corporate governance and managing its finances carefully.
Rabiu stated that BUA Cement’s financial position improved through better cost control, improved production processes and stronger treasury management. He added that the relative stability of the naira towards the end of 2025 helped the company reduce financial uncertainties and manage expenses more effectively.
The company reported revenue of N1.2 trillion for the 2025 financial year, a major increase compared to the N876.5 billion generated in 2024.
Profit before tax also rose sharply to N465.3 billion from N99.6 billion recorded in the previous year. In addition, profit after tax increased significantly from N73.9 billion in 2024 to N356 billion in 2025.
Rabiu praised the management team and workers for their commitment and dedication, saying their efforts contributed greatly to the company’s strong performance. He also thanked shareholders for their continued trust and support.
As part of its growth strategy, BUA Cement announced that it is close to completing a new three-million-metric-tonne cement plant in Ososo, Edo State. The new factory is expected to increase cement supply and strengthen the company’s presence in Nigeria’s building materials market.
Managing Director and Chief Executive Officer, Yusuf Binji, said the company is also developing another production line in Sokoto State.
According to him, the combined expansion projects in Edo and Sokoto states will add about six million metric tonnes to the company’s total yearly production capacity.
Binji explained that the company remained stable despite economic pressures such as insecurity, high borrowing costs, rising energy prices and fluctuating import expenses. He said BUA Cement managed these challenges by improving cash flow management, diversifying markets and adopting cost-saving strategies.
Some shareholders who attended the meeting expressed confidence that the company’s expansion projects would improve competition in Nigeria’s cement sector while supporting housing and infrastructure development across the country.
They also noted that the large dividend payout further strengthens BUA Cement’s reputation as one of the leading dividend-paying manufacturing companies listed on the Nigerian Exchange.
Industry observers believe the new production lines in Edo and Sokoto states could create more employment opportunities, boost industrial activities in host communities and increase the supply of cement for ongoing construction projects nationwide.
With plans to raise production capacity to 23 million metric tonnes annually, BUA Cement is positioning itself for greater influence in Nigeria’s growing construction and infrastructure market.
