BUA Cement Reports 22.1% Revenue Growth and 117.4% Profit Increase in Q1 2026

BUA Cement Plc has announced strong financial results for the first quarter of 2026, demonstrating significant improvements across key metrics. The company reported a notable 22.1% year-on-year (YoY) increase in revenue, alongside a robust 117.4% growth in net profit, reflecting the company’s continued focus on operational efficiency and cost management.

Key Highlights

Revenue: ₦354.98 billion, up 22.1% YoY from ₦290.82 billion in Q1 2025.
Gross Profit: ₦201.90 billion, representing a 45.5% increase compared to Q1 2025, which stood at ₦138.75 billion.
Operating Profit: ₦179.51 billion, a 50.8% YoY growth from ₦119.04 billion in Q1 2025.
Profit Before Tax (PBT): ₦192.68 billion, marking a 93.1% increase compared to Q1 2025, where it stood at ₦99.74 billion.
Net Profit: ₦176.38 billion, reflecting a remarkable 117.4% increase from ₦81.12 billion in Q1 2025.
Earnings Per Share (EPS): ₦5.21, up 117.1% YoY from ₦2.40 in Q1 2025.

Financial Performance Breakdown

In the first quarter of 2026, BUA Cement achieved a significant rise in revenue, driven by sustained demand and effective pricing strategies. The company’s revenue grew by 22.1%, totalling ₦354.98 billion, up from ₦290.82 billion in Q1 2025. This increase in top-line revenue reflects the company’s ability to adapt to market demands and enhance its product offerings.

Alongside this, BUA Cement also saw a strong increase in its gross profit, which grew by 45.5%, reaching ₦201.90 billion compared to ₦138.75 billion in the previous year. This performance reflects the company’s efficient management of production costs and improved operational efficiency.

The operating profit surged by 50.8% YoY, totalling ₦179.51 billion. This sharp rise in operating profit is indicative of the company’s ability to optimise its core business operations, driving profitability despite potential industry challenges.

Profit before tax (PBT) for Q1 2026 soared by 93.1%, coming in at ₦192.68 billion, up from ₦99.74 billion in Q1 2025. This stellar performance indicates the company’s sustained focus on enhancing its profitability and delivering value to its shareholders.

Finance Costs and Cash Flow

BUA Cement’s finance costs were reduced by a substantial 42.4% YoY, dropping to ₦11.12 billion from ₦19.32 billion in Q1 2025. The reduction in finance costs is a key indicator of the company’s successful debt management and improved financial efficiency.

The company also reported a healthy increase in cash and cash equivalents, rising by 41.9% to ₦404.05 billion, up from ₦280.38 billion in Q1 2025. This strong cash position enhances the company’s ability to support its operational and strategic initiatives, including expansion plans and capital expenditures.

Strong Cash Generation

In terms of cash generation, BUA Cement reported net cash from operating activities of ₦90.11 billion. This marks a significant improvement from the negative cash flow of ₦46.49 billion reported in Q1 2025. The positive cash flow highlights the company’s improved liquidity and its ability to generate cash from operations efficiently.