BUA Cement Plc is doubling down on capacity expansion and regional market penetration as it seeks to consolidate its position in Nigeria’s cement industry, unveiling plans for two major plant projects alongside a strong financial performance that underscores its growth trajectory.
Speaking during a virtual presentation to analysts and investors on its audited full-year 2025 results, Yusuf Binji, the company’s managing director and chief executive officer,said the company is advancing plans to develop a three million metric tonnes per annum (mmtpa) greenfield cement plant in Ososo, Edo State, as well as a brownfield expansion project of similar capacity in Sokoto State.
According to Binji, the Ososo plant is expected to commence operations by December 2027, while the Sokoto brownfield project is slated for commissioning in December 2028. The twin projects are central to BUA Cement’s long-term strategy of scaling production capacity, improving cost efficiency, and strengthening its footprint across domestic and regional markets.
The expansion drive comes on the back of what the company described as a standout financial year, driven by a combination of pricing recovery, cost discipline, and market diversification. BUA Cement reported a 34.6 per cent increase in net revenue to N1.2 trillion in 2025, up from N876.5 billion in the previous year.
Profitability metrics showed even sharper gains. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) surged by 104.7 percent to N549.9 billion, compared to N268.6 billion in 2024, with margins expanding significantly to 46.6 per cent from 30.6 per cent. Profit after tax rose by 381.7 per cent to N356 billion, while earnings per share climbed to N10.51 from N2.18, reflecting improved shareholder returns.
Binji attributed the performance to “strategic pricing recovery based on cost management” and a deliberate push to optimise margins while expanding into new markets. He noted that the company is intensifying efforts to broaden its customer base, including tapping export opportunities across West Africa.
The resumption of cement and clinker exports within the region marks a key milestone in this strategy, positioning BUA Cement to benefit from growing infrastructure demand beyond Nigeria’s borders while hedging against domestic market fluctuations.
Beyond scale and revenue growth, the company is also placing emphasis on operational sustainability. Binji disclosed that construction has already commenced on the Ososo greenfield plant, with a focus on minimising environmental and social impacts. This includes stakeholder engagement and targeted community development investments in host areas.
Industry analysts view BUA Cement’s expansion push as a calculated response to rising infrastructure demand and intensifying competition within Nigeria’s cement sector. By increasing installed capacity and strengthening regional trade links, the company is positioning itself to capture a larger share of both domestic and export markets.
However, execution risks remain, particularly around project timelines, cost pressures, and macroeconomic conditions that could influence construction activity and demand patterns. Even so, the company’s strong earnings momentum and capital investment plans indicate a clear strategic intent to transition from a domestic leader into a regional cement powerhouse.
