BUA Cement Income Statement

Financials in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,328,066	1,179,445	876,470	459,999	360,989	257,327
Revenue Growth	21.52%	34.57%	90.54%	27.43%	40.28%	22.86%
Cost of Revenue	583,267	575,263	576,203	276,043	198,380	136,390
Gross Profit	744,799	604,182	300,267	183,956	162,609	120,937
Selling, General & Admin	106,419	92,093	65,305	41,564	30,189	19,426
Other Operating Expenses	-934.71	-1,488	1,765	-784.82	-209.67	-830.02
Operating Expenses	105,485	90,604	67,070	40,779	29,979	18,591
Operating Income	639,315	513,578	233,197	143,177	132,630	102,346
Interest Expense	-33,574	-45,620	-56,115	-18,088	-9,538	-1,113
Interest & Investment Income	28,976	17,011	18,191	12,882	1,941	620.6
Currency Exchange Gain (Loss)	6,096	-9,696	-92,105	-69,956	-5,501	-
Other Non Operating Income (Expenses)	-5,924	-10,012	-3,552	-1,649	-860.74	-511.61
EBT Excluding Unusual Items	634,888	465,260	99,615	66,365	118,671	101,342
Gain (Loss) on Sale of Assets	1.92	1.06	0.9	-	-	-
Asset Writedown	-	-	-	-	-139.66	-
Other Unusual Items	-	-	-	-	1,433	1,434
Pretax Income	634,911	465,276	99,630	67,228	120,154	102,873
Income Tax Expense	134,889	109,238	25,721	-2,227	19,143	12,794
Net Income	500,022	356,038	73,909	69,455	101,011	90,079
Net Income to Common	500,022	356,038	73,909	69,455	101,011	90,079
Net Income Growth	126.72%	381.72%	6.41%	-31.24%	12.14%	24.51%
Shares Outstanding (Basic)	33,864	33,864	33,864	33,864	33,864	33,864
Shares Outstanding (Diluted)	33,864	33,864	33,864	33,864	33,864	33,864
Shares Change	-	-	-	-	-	-
EPS (Basic)	14.77	10.51	2.18	2.05	2.98	2.66
EPS (Diluted)	14.77	10.51	2.18	2.05	2.98	2.66
EPS Growth	126.72%	381.72%	6.41%	-31.24%	12.14%	24.51%
Free Cash Flow	455,085	371,767	115,526	36,695	46,236	141,343
Free Cash Flow Per Share	13.44	10.98	3.41	1.08	1.36	4.17
Dividend Per Share	10.000	10.000	2.050	2.000	2.800	2.600
Dividend Growth	387.81%	387.81%	2.50%	-28.57%	7.69%	25.79%
Gross Margin	56.08%	51.23%	34.26%	39.99%	45.05%	47.00%
Operating Margin	48.14%	43.54%	26.61%	31.13%	36.74%	39.77%
Profit Margin	37.65%	30.19%	8.43%	15.10%	27.98%	35.01%
Free Cash Flow Margin	34.27%	31.52%	13.18%	7.98%	12.81%	54.93%
EBITDA	686,905	562,686	268,592	168,540	155,089	117,710
EBITDA Margin	51.72%	47.71%	30.64%	36.64%	42.96%	45.74%
D&A For EBITDA	47,590	49,108	35,395	25,364	22,459	15,365
EBIT	639,315	513,578	233,197	143,177	132,630	102,346
EBIT Margin	48.14%	43.54%	26.61%	31.13%	36.74%	39.77%
Effective Tax Rate	21.25%	23.48%	25.82%	-	15.93%	12.44%
Advertising Expenses	-	524.41	62.28	129.69	92.9	52.74