Shareholders of BUA Cement Plc have approved a total dividend payout of 338.64 billion naira, equivalent to 10 naira per share for the 2025 financial year, after the company delivered one of the strongest performances in its history, with profit after tax surging nearly fourfold to 356 billion naira.

The approval came at the company’s tenth Annual General Meeting in Abuja, where shareholders commended management for delivering standout results in a challenging macroeconomic environment. Revenue reached 1.2 trillion naira, up 34.5 percent from 876.5 billion naira in 2024. Gross profit more than doubled to 604.1 billion naira from 300.2 billion naira the previous year. Profit after tax climbed 381.7 percent from 73.9 billion naira in 2024. Earnings per share rose to 10 naira from 2.18 naira the prior year.

Chairman Abdul Samad Rabiu attributed the results to disciplined execution and long-term planning, telling shareholders that their trust and confidence in management remained the foundation for the company’s performance. He said the company had not only maintained stability amid economic reform pressures and operational headwinds but had strengthened its competitive position within the cement industry.

Rabiu said continued infrastructure expansion, particularly the growing push for concrete road construction, was opening new demand channels for cement producers and that BUA Cement was positioned to capture that opportunity. He reaffirmed the company’s expansion program and said management was focused on protecting capital strength while scaling its bulk cement distribution network.

He disclosed that the planned commissioning of the BUA LNG project later in the year would significantly reduce the company’s energy costs, improving production efficiency and long-term competitiveness.