BUA Cement Chairman Rabiu to Receive N189.74 Billion Dividend After 2025 Results
By Aboki Forex —
Abdul Samad Rabiu, billionaire and Chairman of BUA Cement Plc, is set to pocket N189.74 billion in dividends. The payout follows shareholder approval of a N10.00 per share dividend for the 2025 financial year.
Rabiu holds a 56.03% stake in BUA Cement, representing 18.974 billion shares out of the company’s 33.864 billion outstanding shares. This majority ownership makes him the single largest beneficiary of the dividend.
The N189.74 billion payout reflects BUA Cement’s strong 2025 performance. Revenue rose 34.5% to N1.2 trillion, up from N876.5 billion in 2024. Gross profit jumped to N604.1 billion from N300.2 billion. Profit after tax surged 381.7% to N356 billion, compared to N73.9 billion the previous year. Earnings per share also climbed to N10.00 from N2.18.
Shareholders at the company’s 10th Annual General Meeting in Abuja praised the management for delivering robust returns despite macroeconomic challenges and ongoing economic reforms. The company also highlighted employee long service awards and continued investments in community development projects.
In his remarks, Rabiu thanked shareholders for their trust and support. He said their confidence remains central to the company’s success. He noted that despite economic headwinds and policy reforms, BUA Cement has remained resilient and committed to expansion, capital discipline, and value creation. He added that the company’s bulk cement distribution strategy and planned energy investments will strengthen profitability.
Rabiu stated: “Your faith and belief in us to continue adding value is the foundation for this impressive performance we have recorded.” He stressed that despite the necessary economic reforms with their attendant challenges, BUA Cement has emerged stronger and more valuable.
The dividend news comes as cement prices in Nigeria have surged. A 50kg bag now sells between N10,500 and N15,000, up from an average of N5,000 to N8,500 previously. The increase is driven by strong demand, persistent inflation, high fuel costs, and rising transportation expenses.