BUA Cement Plc has reported a stellar performance for the half-year ended June 30, 2025, with revenue soaring by 59% year-on-year to N580.3 billion, up from N363.9 billion in the same period in 2024. The company also recorded a massive 428% jump in profit after tax to N180.9 billion, compared to N34.3 billion posted a year earlier, according to its unaudited financial statements submitted to the Nigerian Exchange Limited.

In the second quarter alone (April–June 2025), revenue rose by 43% to N289.5 billion, while profit after tax surged by 512% to N99.8 billion. Gross profit for the six-month period more than doubled, rising by 161.4% to N285.8 billion, despite a 15.6% increase in cost of sales. Operating profit also tripled to N245.4 billion, driven by stronger sales and improved operational efficiency. However, finance costs jumped 249.5% to N38.1 billion due to higher interest rates and new borrowings, although this was partially offset by a rise in finance income to N6.8 billion.

The company’s balance sheet remained strong, with total assets rising to N1.61 trillion and cash reserves growing by 83% to N163.4 billion, enhancing its liquidity position. Shareholders’ funds increased by 30.7% to N771.2 billion, reflecting strong retained earnings. Notably, BUA Cement recorded a foreign exchange gain of N782.8 million—an improvement from a N40 billion loss in H1 2024—highlighting more favorable FX dynamics. Despite the strong results, no interim dividend was declared for the period.