BUA Cement has announced a final dividend of N2.05 per ordinary share, payable to registered shareholders for the 2024 period.
The company’s press release, signed by Hauwa Satomi, was published on the Nigerian Exchange Group (NGX) on March 3, 2025.
Only shareholders listed in the company’s Register of Members by the close of business on August 8, 2025, qualify.
Payment and Registration Details
BUA Cement confirmed that the dividend would be paid electronically on August 28, 2025, to registered and eligible shareholders.
Only shareholders who completed the e-dividend registration and authorized the Registrar will receive payments directly into their designated bank accounts.
Unregistered shareholders were encouraged to download the E-Dividend Mandate Activation Form available on the Registrar’s official website for registration.
Africa Prudential Plc is the designated Registrar managing the process, ensuring all eligible shareholders receive their payments without delays.
The company announced that its Register of Shareholders would remain closed from August 11 to August 15, 2025, inclusively.
Unclaimed dividend warrants and unsubmitted share certificates must be validated, and shareholders should contact the Registrar immediately for assistance.
Financial Performance Overview
BUA Cement reported a pre-tax profit of N99.63 billion, reflecting a significant 48.20% increase compared to the previous year.
The company’s total revenue surged by 90.54% year-over-year to N876.4 billion, driven by strong demand for bagged cement.
However, the cost of sales rose significantly by 108.74%, reaching N576.2 billion, affecting overall profitability for the financial year.
Despite increased costs, operating profit climbed to N144 billion, showcasing financial stability and resilience in core operations for 2024.
Total company assets grew by 29.17%, reaching N1.57 trillion, while shareholders’ funds recorded a marginal increase of 0.86%.
As of market close on March 3, 2025, BUA Cement shares traded at N93, declining from January’s peak of N185.
