BUA Cement Declares ₦2.05 Final Dividend

BUA Cement Plc has announced a final dividend of ₦2.05 per ordinary share of 50 kobo for the financial year ended December 31, 2024, with payments scheduled for August 28, 2025.

In a recent statement published on the Nigerian Exchange Group (NGX) and signed by Company Secretary, Hauwa Satomi, BUA Cement confirmed that only shareholders listed in the company’s Register of Members as of August 8, 2025, will be eligible for the dividend. The distribution will be processed electronically by the company’s registrar, Africa Prudential Plc, for shareholders who have completed their e-dividend registration.

The company urged investors yet to register for e-dividends to download the mandate activation form from the registrar’s website. Shareholders with unclaimed dividend warrants and outstanding share certificates were also advised to complete the e-dividend process or contact the registrar for assistance. The Register of Shareholders will be closed from August 11 to August 15, 2025.

BUA Cement’s dividend declaration follows a strong financial performance in 2024, with profit before tax surging by 48.2 percent year-on-year to ₦99.63 billion. Full-year revenue climbed 90.54 percent to ₦876.4 billion, driven by strong domestic demand for bagged cement. However, the cost of sales also rose significantly by 108.74 percent to ₦576.2 billion.

Despite rising costs, the company’s operating profit reached ₦144 billion, reflecting resilience in its core operations. Total assets expanded by 29.17 percent to ₦1.57 trillion, though shareholders’ funds recorded a marginal increase of 0.86 percent.

As of March 3, 2025, BUA Cement’s shares traded at ₦93, marking a decline from a peak of ₦185 in January 2024.