BUA Cement approves ₦338.6bn dividend, targets 23 million tonnes production capacity

Shareholders of BUA Cement Plc have approved a final dividend of ₦10 per ordinary share for the 2025 financial year, amounting to a total payout of ₦338.64 billion.

The approval was granted at the company’s 10th Annual General Meeting held in Abuja, where it also unveiled plans to expand production capacity to 23 million metric tonnes annually by the end of 2027.

Chairman Abdul Samad Rabiu said the company delivered strong financial results despite economic pressures, recording revenue of ₦1.2 trillion in 2025, up from ₦876.5 billion in 2024.

Profit before tax rose by 367 per cent to ₦465.3 billion, while profit after tax climbed 381.7 per cent to ₦356 billion, reflecting what Rabiu described as improved operational efficiency, cost optimisation and stronger financial management.

On expansion, the company said construction of a new three-million-metric-tonne cement plant in Ososo is nearing completion.

Managing Director and CEO Yusuf Binji added that another production line is planned in Sokoto State, which will increase total capacity by six million metric tonnes per annum.

The company said the expansion projects are expected to strengthen domestic cement supply, create jobs and support infrastructure development across Nigeria.