BUA Cement Approves N338bn Dividend Payout
Shareholders of BUA Cement have approved a N338.64 billion dividend payout for the 2025 financial year. The company also announced major expansion projects in Edo and Sokoto states aimed at raising production capacity and strengthening its position in Nigeria’s cement industry.
Shareholders of BUA Cement Plc have approved a final dividend of N10 per ordinary share for the 2025 financial year, bringing the company’s total payout to N338.64 billion.
The approval was granted during the company’s 10th Annual General Meeting held in Abuja on Thursday. Alongside the dividend announcement, the company also revealed plans to increase its production capacity to 23 million metric tonnes annually by the end of next year.
Chairman of the Board, Abdul Samad Rabiu, said the company achieved strong results despite difficult economic conditions and growing competition within the cement industry. He explained that the 2025 financial year was shaped by currency stabilisation, regulatory adjustments and wider economic changes.
According to Rabiu, BUA Cement dividend growth was supported by stronger financial management, cost optimisation and improved liquidity. He added that the relative stability of the naira later in 2025 helped reduce uncertainty around finance costs and improved business planning.
The company posted revenue of N1.2 trillion in 2025, compared to N876.5 billion in 2024. Profit before tax rose sharply to N465.3 billion from N99.6 billion, while profit after tax increased to N356 billion from N73.9 billion recorded the previous year.
Rabiu praised the management and staff for maintaining operational efficiency and delivering strong performance during a challenging economic period.
On expansion, BUA Cement Plc confirmed it is nearing completion of a new three million metric tonnes cement plant in Ososo, Edo State. Managing Director Yusuf Binji also disclosed plans for another production line in Sokoto State.
The additional projects are expected to add six million metric tonnes yearly to the company’s output, raising total capacity to 23 million metric tonnes per annum.
Shareholders believe the expansion strategy could strengthen competition in Nigeria’s cement market while improving infrastructure and housing development nationwide. The approved BUA Cement dividend also reinforces the company’s reputation as one of the top dividend-paying firms on the Nigerian Exchange.
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