BUA Cement executives acquire shares worth over N201 million

BUA Cement Plc has announced significant share acquisitions by two of its top executives, signalling strong confidence in the company’s performance. On March 13, 2026, Chikezie Ajaero, Chief Financial Officer and Executive Director, purchased 350,000 shares valued at N94.46 million at N269.9 per share.

The transaction, coded NGBUACEMENT3, was executed in Lagos, according to company disclosures.

On the same day, Hauwa Satomi, Company Secretary and Chief Legal Officer, also acquired 400,000 shares worth N107.2 million at N268.1 per share. Together, these transactions total over N201 million in investments by BUA Cement executives, reflecting a vote of confidence in the company’s outlook.

Trading data from the Nigerian Exchange (NGX) showed a spike in volume during these purchases, with 2.9 million shares exchanged and the stock closing at N270 per share, marking a gain of more than 9% for the session.

These purchases represent the first recorded director dealings for BUA Cement in 2026, amid continued positive sentiment for the equity.

Strong performance underpins executive confidence

BUA Cement has delivered a remarkable performance in recent months, supporting the bullish market response. During the week the purchases were made, the share price rose about 20%, placing the stock third among the NGX’s top 10 best-performing equities for the week.

This performance also bolstered the Industrial Goods Index, which gained 5.73%. Month-to-date, the stock has recorded gains exceeding 49%, with over 19 million shares traded, outperforming last year’s July rally of 41.51%. Year-to-date performance stands at more than 83%, pushing market capitalization to N10.05 trillion from N6.04 trillion at the close of 2025.

The strong market performance follows an exceptional 2025 financial year. BUA Cement’s audited statements show full-year pre-tax profit of N465.28 billion, a 367% increase from N99.63 billion in 2024.

Revenue grew to N1.179 trillion from N876.46 billion the previous year, largely driven by bagged cement sales, which accounted for 99.4% of revenue. Bulk cement contributed the remaining N7.5 billion. Nigeria accounted for 98.7% of total sales, with exports making up the balance.

Cost of sales increased, resulting in a gross profit of N604.1 billion, up 101.21% year-on-year. Foreign exchange losses declined sharply from N92.1 billion to N9.6 billion, and after accounting for distribution and administrative expenses, operating profit stood at N504.5 billion. Net finance costs fell from N60.5 billion to N56.2 billion, leaving pre-tax profit at N465.2 billion.

BUA Cement also reported total assets of N1.85 trillion, up 18.20%, with property, plant, and equipment representing the largest asset class. Total equity rose 73.18% to N672.8 billion, largely driven by retained earnings of N462.3 billion.

Following the strong financial performance, the board approved a final dividend of N10 per ordinary share of 50 kobo, valued at N338.64 billion.

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Analysts note that the directors’ purchases align with the company’s strong fundamentals and sustained investor returns, including a 91% return delivered in 2025. If current momentum continues, BUA Cement may maintain or surpass this level of shareholder value in 2026.

The transactions highlight not only executive confidence but also the company’s ability to continue generating strong earnings amid an evolving market landscape, positioning BUA Cement as a key player in Nigeria’s industrial goods sector.