BUA Cement reported a 117.2% year-on-year increase in after-tax profit for the first quarter of 2026. This growth exceeded the performance of Lafarge Africa and Dangote Cement, which grew by 98% and 53% respectively. The company's share price rose 112% year-to-date as of June 4, 2026.
Nigeria’s cement industry benefits from resilient demand and an improving macroeconomic environment. Analysts forecast continued earnings growth for the sector throughout 2026. This outlook is supported by stronger demand drivers and measured capacity expansion. BUA Cement is currently developing a new 3-million metric tons per year production line.