BUA Cement Plc reported a pre-tax profit of N192.88 billion for the first quarter of 2026, up from N99.7 billion recorded in the same period last year.
Revenue climbed 23.37 per cent to N355 billion, driven mainly by bagged cement sales which accounted for over 95 per cent of total revenue.
Cost of sales remained nearly flat, rising just 0.67 per cent to N153 billion, helping to lift gross profit by 45.63 per cent to N201.9 billion.
Finance income surged 636 per cent to N11.28 billion, while finance costs dropped 99.59 per cent, swinging the net finance position from a cost of N17.8 billion in Q1 2025 to a net income of N161.7 million.
ALSO READ
Profit after tax jumped to N176 billion from N81 billion, with earnings per share rising to N5.21 from N2.40.
Managing Director Yusuf Binji said revenue growth remained strong as the company continued to meet cement demand, including in the bulk segment.
He noted that the business transformation programme progressed during the quarter, including the realignment of the transport department for greater effectiveness.
Total assets stood at N1.987 trillion, driven by plant and equipment as well as cash and short-term deposits, while retained earnings rose 38 per cent to N638.7 billion.
The stock traded flat at N317 per share on April 23 but remains up 77.6 per cent year-to-date on the Nigerian Exchange.
