BUA Cement Plc’s profit after tax rose 59.8% in the nine months to Sept. 30, as faster revenue growth than cost of sales widened margins and lower net finance costs lifted earnings.
The Nigerian producer reported unaudited profit after tax of ₦463.095 billion, up from ₦289.855 billion in the same period last year, in results filed with Nigerian Exchange (NGX). Revenue gained 26.5% to ₦1.087 trillion from ₦858.734 billion. Cost of sales rose 8.8% to ₦466.449 billion, a slower pace than sales.
Gross profit climbed to ₦620.271 billion from ₦430.163 billion. The gross margin reached 57.1%, seven percentage points above the year-earlier level. BUA Cement’s earnings before interest, taxes, depreciation and amortization (EBITDA) margin was 52.7%, up 6.3 percentage points.
Net finance costs fell to ₦8.967 billion, compared with ₦46.153 billion a year earlier. Profit before tax rose to ₦556.705 billion from ₦338.568 billion. A net foreign-exchange gain of ₦29.165 billion was above the prior year’s ₦21.627 billion.
Energy expense increased to ₦216.618 billion from ₦178.236 billion, a cost pressure amid supply constraints, the company said. It also linked part of its margin improvement to a lower charge for operations and maintenance services, which dropped to ₦104.578 billion from ₦121.116 billion. BUA Cement said savings from liquefied natural gas-powered trucks contributed too.
Bulk cement sales reached ₦67.175 billion, up from ₦1.687 billion; bagged cement revenue totaled ₦1.020 trillion, versus ₦857.046 billion. BUA Cement said it added bulk customers and changed its logistics operations.
BUA Cement said its sales volumes rose in each of the first three quarters of 2026 from the matching periods in 2025, despite heavy rainfall and poor road conditions. The company did not provide tonnage totals. Yusuf Binji, the company’s managing director and chief executive officer, said energy costs had been high in the quarter because supply was constrained but had “since normalised.”
For the fourth quarter, the company listed distributor partnerships and lower customer-serving costs among its priorities.
