Improved production efficiency and optimized energy management have been identified as leading factors that drove BUA Cement PLC ₦354.98 billion gain for the first quarter ended March 31, 2026.
This revenue growth represents a 22% increase compared to the ₦290.82 billion recorded in the same period of 2025.
The company’s profitability saw even more dramatic growth, as Profit Before Tax soared by 93% to reach ₦192.68 billion.
Profit After Tax more than doubled, jumping from ₦81.12 billion in Q1 2025 to ₦176.38 billion in Q1 2026. Consequently, Earnings Per Share rose to 521 kobo, up from 240 kobo in the previous year.
Notably, despite the double-digit increase in revenue, the Cost of Sales remained nearly flat at ₦153.08 billion, indicating significantly improved production efficiency and optimized energy management.
The company also recorded a net exchange gain of ₦13.01 billion, a sharp reversal from the ₦836.8 million loss incurred in Q1 2025.
This transition suggests a more stable currency environment for the company’s foreign-denominated obligations.
A significant reduction in finance costs, which dropped to ₦11.12 billion from ₦19.32 billion, further strengthened the bottom line.