BUA Cement Plc released its unaudited first quarter financial results for the period ended March 31, 2025, showcasing a remarkable 351.4% year on year surge in earnings per share (EPS) to N2.40.

This impressive performance was driven by an 80.5% year on year increase in revenue, a slower rise in cost of goods sold ex-depreciation, and a significant reduction in foreign exchange losses.

Also the result significantly outperformed expectations, due to strong revenue growth, impressive cost management, and a notable reduction in foreign exchange losses.

Key highlights of the financial results shows that BUA Cement’s revenue surged by 80.5% year on year, driven by higher sales volumes and an increase in cement prices, with contributions from new production lines at the Obu and Sokoto plants.

Gross margin improved significantly by 19.34 percentage points to 50.5%, as revenue growth outpaced the rise in COGS ex-depreciation.

EBITDA margin saw a strong increase, rising by 20.20 percentage points to 45.1%, benefiting from robust topline growth.

Profit after tax rose by 351.4% yea on year to N81.12 billion, after a tax expense of N18.62 billion.

With solid demand in the industry, continued cost-saving initiatives, and a stable foreign exchange environment, analysts expect BUA Cement’s momentum to persist through the remainder of 2025.