Abdul Samad Rabiu's Bua Cement Posts 62 Million Profit In Q1 2025

BUA Cements Q1 2025 pre-tax profit soared to 62 million, up from 13.2 million in Q1 2024, driven by strong cement sales.

Revenue surged 80 YoY in Q1 2025, reaching 180.7 million, thanks to price increases implemented in the second half of 2024.

BUA Cements EPS rose to 0.00148 in Q1 2025, prompting analysts to predict growing investor interest as the Nigerian stock market recovers.

BUA Cement Plc, a leading cement manufacturer led by Nigerias third-richest man Abdul Samad Rabiu, has started 2025 on a positive note, following a strong financial performance at the close of its 2024 fiscal year. The companys pre-tax profit for the first quarter of 2025 surged to 62 million, marking a significant increase from the same period last year.

In its recently released unaudited financial statements, BUA Cement reported a pre-tax profit of N99.74 billion 62.1 million for the three months ending March 31, 2025, up from N21.28 billion 13.2 million in Q1 2024. This growth comes despite rising energy costs and operating expenses during the period.

The first-quarter profit of 2025 even exceeded the N99.63 billion 61.9 million reported for the entire 2024 fiscal year . This impressive performance is largely attributed to strong cement sales, which were driven by a price increase in the second half of 2024 that carried into the new year. As a result, revenue surged from N161.13 billion 100.1 million in Q1 2024 to N290.82 billion 180.7 million in the first quarter of 2025.

BUA Cement, Nigerias second-largest cement producer, operates as a key subsidiary of BUA Group, the conglomerate founded by Abdul Samad Rabiu, the countrys third-richest man. The company has an annual production capacity of 11 million tonnes, reinforcing its dominant market position and strategic role in West Africas construction industry.

Under Rabiu, who holds a 97.66 percent stake in the company, BUA Cements retained earnings grew significantly, rising from N175.7 billion 109.2 million on December 31, 2024, to N256.82 billion 159.6 million by March 31, 2025. The companys total assets also saw modest growth, moving from N1.57 trillion 975.4 million to N1.58 trillion 982 million, while total equity increased from N388.55 billion 241.4 million to N469.67 billion 292 million.