Prime Business Africa
In the first nine months of 2025, BUA Cement recorded N858.73 billion in revenue, surpassing the N583.40 billion generated in the same period in 2024, indicating an increase of 47.19 percent.
According to the company’s unaudited financial statements for the period ended September 30, 2025, the cost of production grew by 6.67 percent year-on-year, from N402.59 billion to N429.47 billion.
Join our WhatsApp ChannelAlso, gross profit increased by 137.40 percent to N429.25 billion between January and September 2025, from the previous year’s N180.81 billion.
During the period under review, BUA Cement said other income also increased threefold or 479.50 percent to N1.25 billion, from the N217.30 billion recorded between the first quarter (Q1) and third quarter (Q3)
The company also reported that selling and distribution costs gulped N47.47 billion, compared to last year’s N26.69 billion, indicating a 77.87 percent year-on-year increase, while administrative expenses climbed 5.47 percent, from N16.51 billion to N17.41 billion.
In the same vein, operating profit grew by 165.27 percent to N365.62 billion between January and September 2025, surpassing the N137.82 billion recorded in 2024.
However, finance income dropped by 32.14 percent year-on-year, from N14.65 billion to N9.94 billion, and finance costs grew by 75.12 percent, from N32.02 billion to N56.08 billion.
The report also showed that net finance cost was N46.14 billion between Q1 and Q3, surpassing last year’s N17.37 billion, representing a 165.60 percent increase.
BUA Cement’s bottom line was boosted by a N21.62 billion net exchange gain during the period under review, compared to the net exchange loss of N57.43 billion recorded in 2024.
Also, the company reported that profit before tax (PBT) grew by 448.24 percent year-on-year, from N61.75 billion to N338.56 billion, while income tax increased by 281.02 percent, from N12.78 billion to N48.71 billion.
This led to a profit after tax (PAT) of N289.85 billion in the first nine months of 2025, compared to the N48.97 billion PAT reported in 2024, indicating a 491.90 percent growth.
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Prime Business Africa is a business, economy and policy news platform founded in 2021 by veteran journalist and media scholar, Dr Marcel Mbamalu, after he left The Guardian as Editor.
Dr Mbamalu, who serves as Founder and Publisher, set up Prime Business Africa to deliver sharp, data-driven reporting on Nigeria’s markets, trade, investment, and governance trends for decision-makers, entrepreneurs, and policy leaders.
He also writes The Bottom Line, a backpage column for Punch Newspaper every Thursday.
Under his leadership, Prime Business Africa combines deep newsroom experience with a focus on accountability journalism, aiming to bridge information gaps between Africa’s private sector and the global economy.
