BUA Cement has declared a final dividend of N2.05 per ordinary share of 50 Kobo each for the financial year ending 31st December 2024, offering a rewarding return to its investors.
The announcement, made on 3rd March 2025, was issued in a press release signed by Hauwa Satomi, the company’s Secretary, and published on the Nigerian Exchange Group (NGX).
The dividend will be distributed exclusively to shareholders listed in the company’s Register of Members by the close of business on 8th August 2025. Shareholders can expect to receive their dividends electronically on 28th August 2025.
To facilitate smooth payment, the company encourages shareholders who have not yet registered for e-dividends to complete the process by downloading the E-Dividend Mandate Activation Form from the Registrar’s website.
The company’s profit performance for the year was impressive, with a 48.2% year-on-year (YoY) surge in profit before tax, reaching N99.63 billion.
Revenue soared by 90.54% YoY, totaling N876.4 billion, driven largely by robust domestic sales in its cement segment.
Despite a significant 108.74% rise in the cost of sales, the company’s operating profit increased to N144 billion, underscoring its resilience and strong operational foundation.
BUA Cement’s total assets grew by 29.17% to N1.57 trillion, although shareholders’ funds saw a modest increase of 0.86%. However, the company’s share price has faced challenges, with its value declining to N93 as of 3rd March 2025, from a peak of N185 in January 2024.
The Register of Shareholders will be closed from 11th August to 15th August 2025 (inclusive), so shareholders are advised to ensure their information is up to date before the closure. Any unclaimed dividend warrants or share certificates should be presented for payment or returned for validation as soon as possible.
Africa Prudential Plc, the appointed Registrar, will oversee the smooth processing of the dividend payments. Shareholders are urged to complete the e-dividend registration for a seamless transaction process and avoid any delays.
In summary, BUA Cement’s announcement reflects its commitment to rewarding investors while navigating the challenges of the market, offering solid returns through its continued operational strength and strategic growth initiatives.
