Lagos, Nigeria – BUA Cement Plc’s shares rallied 51.3 percent in 2026 so far, climbing from 178.50 naira to 270 naira. This lifts the firm’s valuation as investors bet on growth. Nigeria, West Africa’s largest economy, hosts the Nigerian Exchange where the stock trades.
The gain follows a 92 percent rise in 2025, reversing a 4.25 percent drop in 2024. Investors now pay 25.7 times earnings per share of 10.51 naira, up from 19.17 times last year. In simple terms, the market values each naira of earnings at 26 naira now.
Okay News reports strong fundamentals fuel the rally. Revenue jumped from 257 billion naira in 2021 to 1.18 trillion naira in 2025, a 46 percent compound annual growth rate. Profit after tax hit 356 billion naira, with gross margins at 51.2 percent and EBITDA margins at 46.6 percent.
Management credits cost controls, efficiency, and supply chain gains. Dividends grew at 40 percent annually over five years. For 2025, payout per share rose to 10 naira from 2.05 naira, drawing income seekers.
A tight free float of 2.32 percent, with major holders controlling 95 percent, amplifies price moves. Recent three-month trading hit 71.4 million shares worth 13.9 billion naira. Modest volume still drives big swings.
Capacity stands at 17 million tonnes per year, supporting 2025 revenue. Projects like Ososo Line-1 and Sokoto regasification aim for 20 million tonnes soon. Exports resumed to Niger and Burkina Faso, with 500 new bulk tankers added.
These steps position BUA Cement for regional demand. Stable pricing and higher output could push revenue past 1.3 trillion naira. Margins and efficiency sustain earnings into 2026.
The rally blends solid results with market structure. Investors weigh growth against volatility. Capacity upgrades and dividends strengthen the case long-term.
