BUA Cement Plc has stunned investors with a staggering 510.6 per cent surge in pre-tax profit for the second quarter of 2025, driven by booming cement sales and a significant windfall from foreign‑exchange gains. For the period, the company recorded ₦289 billion in revenue from cement alone, reflecting strong domestic demand and effective price management.
The dramatic turnaround was underpinned by a sharp decline in net foreign‑exchange losses compared to the previous year, which helped lift overall profitability. In the corresponding quarter of 2024, the company incurred a multi‑billion naira FX loss; this year, that figure dropped sharply, translating into an FX gain that bolstered margins substantially (Q1 results showed a net exchange loss plunging from **₦10.1 billion **in Q1 2024 to ₦836.8 million in Q1 2025) .
This strong top‑line performance also benefitted from better cost containment: while the cost of sales rose moderately, gross margins expanded owing to higher dispatch volumes and prudent pricing policies across BUA’s regional distribution networks .
In its first quarter of 2025, BUA Cement posted revenue of ₦290.8 billion, up 80.5% year‑on‑year, while operating profit surged to ₦119 billion —a 255.6% increase—and profit before tax rose to ₦99.74 billion, far surpassing the entire full‑year pre‑tax profit of 2024 within just one quarter .
Company leadership emphasises that this explosive growth stems from a combination of strong cement sales, strategic pricing, operational efficiency, and a much-improved FX environment following macroeconomic reforms in Nigeria’s foreign‑exchange regime. Analysts now see the company on track to achieve record earnings if the trend holds through the year .
This results release reaffirms BUA Cement’s resilience amid Nigeria’s volatile macro economy and rising input costs. By swiftly managing exchange‑rate risks and deepening domestic market penetration, the company continues to solidify its position as a key player in the Nigerian cement industry.