BUA Cement and Lafarge recorded over 100% profit growth in the first half of 2025

Key Takeaways

  • Dangote Cement reported the highest H1 2025 profit at ₦436.6 billion, up 50% from ₦291.7 billion in H1 2024.
  • BUA Cement’s profit more than doubled to ₦149.1 billion, a 164% rise from ₦56.5 billion in the same period last year.
  • BUA Cement had the fastest profit growth rate among the three major players, despite starting from a lower base.
  • Combined, the three firms posted over ₦720 billion in half-year profit, with Dangote alone accounting for over 60% of the total.
  • The sharp profit rises may reflect improved pricing, cost management, or benefits from forex gains after naira devaluation.

Nigeria’s listed cement companies saw strong profit performances in the first half of 2025. BUA Cement and Lafarge Africa posted the highest growth rates at 164% and 148% respectively, with their profits nearly tripling year-on-year. Dangote Cement, while already dominant in absolute earnings, also recorded a notable 50% rise, bringing its half-year profit to ₦436.6 billion.

The surge across the board suggests an improved operating environment for cement manufacturers, likely supported by favourable pricing, volume recovery, or exchange rate-related gains.

Source:

Financial report of individual companies

Period:

H1 2025
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