BUA Cement Plc has reported a sharp increase in profitability for the first half of 2026, with profit before tax (PBT) rising by 79% to N384.44 billion, up from N214.80 billion recorded in the corresponding period of 2025.
The cement manufacturer disclosed the performance in its unaudited H1 2026 financial results, highlighting a strong earnings trajectory amid continued growth in the company’s operations.
Profit after tax also climbed to N324.88 billion during the six months, compared with N180.90 billion recorded in H1 2025, while earnings per share increased from N5.34 to N9.59.
The latest results reinforce BUA Cement’s strong profitability position in Nigeria’s cement industry, coming after the company recorded significant earnings growth in the previous financial year.
The performance also suggests improved earnings capacity for the company and could strengthen investor sentiment around its shares, particularly as the cement sector continues to benefit from sustained construction and infrastructure activity.
BUA Cement’s latest results come against the backdrop of rising operating costs and persistent challenges in Nigeria’s business environment, making the substantial growth in pre-tax and after-tax profits a notable development for the company.
The company’s Managing Director and Chief Executive Officer, Yusuf Binji, attributed the performance to factors outlined in the management commentary accompanying the financial results.
The H1 2026 figures indicate that BUA Cement has maintained its strong earnings momentum into the current financial year, with profit before tax increasing by about N169.64 billion year-on-year.
The results will likely keep the company in focus among investors tracking Nigeria’s listed cement manufacturers and the broader industrial sector.
