BUA Cement Reports Stellar Q1 2025 Performance with 368.58% Profit Surge
BUA Cement Plc has announced its unaudited financial results for the first quarter of 2025, showcasing remarkable growth across key metrics. The company reported a staggering 368.58% year-on-year (YoY) increase in pre-tax profit, reaching N99.741 billion, while net income surged by 351.45% YoY to N81.124 billion.
Key Financial Highlights (Q1 2025 vs. Q1 2024)
- Revenue: N290.821 billion (+80.49% YoY)
- Cost of Sales: N152.369 billion (+31.25% YoY)
- Gross Profit: N138.452 billion (+207.41% YoY)
- Selling & Distribution Expenses: N14.411 billion (+106.46% YoY)
- Operating Profit: N119.033 billion (+255.57% YoY)
- Net Finance Cost: N17.790 billion (+878.69% YoY)
- Basic EPS: N2.39 (+346.41% YoY)
- Cash & Equivalents: N138.972 billion (+63.98%)
- Total Assets: N1.583 trillion (+0.81%)
Growth Drivers Behind BUA Cement’s Performance
The exceptional financial results were driven by multiple factors:
Revenue Growth & Cost Efficiency: Revenue grew by 80.49% YoY, while cost of sales increased by only 31.35%, leading to a gross profit margin expansion to 47.61%.
Foreign Exchange Gains: FX losses reduced dramatically from N10.055 billion in Q1 2024 to just N837 million in Q1 2025, significantly boosting profitability.
Operational Leverage: Despite rising operating expenses, the company maintained strong operating profit growth with margins improving by 97% YoY to 40.44%.
Balance Sheet & Market Position
BUA Cement’s total assets grew slightly to N1.58 trillion (+0.58%), while debt surged by 382% to N447.62 billion. However, shareholders’ equity strengthened to N469.67 billion, improving the leverage ratio to 3.37.
The company remains Nigeria’s 7th most valuable listed firm with a market capitalization of N2.83 trillion, despite a 10% year-to-date share price decline to N83.70 as of April 24, 2025.