BUA Cement reported a net foreign exchange gain of N16.57 billion for the first half of 2026, a significant turnaround from the N782.8 million gain in the same period last year and the N9.70 billion loss recorded during the 2025 fiscal year. This shift follows a more stabilized currency environment after years of volatility.
Lower net finance costs of N3.41 billion, down from N31.37 billion in 2025, also bolstered performance, alongside an increase in finance income to N18.73 billion from higher cash interest. Even with large debt loads, the firm maintained robust cash flow, generating N278.45 billion from operations.
Investment in growth remains a priority, with over N60.67 billion directed toward capital expenditure. Total assets in property, plant, and equipment grew to N1.22 trillion, including N183.86 billion currently tied up in construction. The company is actively working to boost production capacity from 17 million to 20 million metric tonnes annually, notably through a new greenfield plant in Ososo, Edo State.
Managing Director Yusuf Binji stated that the business is focused on efficiency and emerging growth opportunities. Despite industry constraints, Binji expressed optimism that ongoing optimization programs will continue to drive productivity and improved cost management throughout the year.
