The financial environment for Nigeria’s cement industry has dramatically changed as the three top players, Dangote Cement, BUA Cement, and Lafarge Africa—collectively recorded an amazing 229 percent profit rise in the first half of 2025.
The enhanced stability of the foreign exchange market, which has removed the terrible losses these companies once experienced as a result of currency volatility, is mostly responsible for this surge.
Together, the trio created a post-tax (PAT) of N833.2 billion for the six months ending June 30, 2025, a major increase over the N253.2 billion registered during the same period in 2024.
Reflecting a 28% increase in topline development, their total income also increased to N3.2 trillion from N2.5 trillion in first half of last year.
Dangote Cement sets the pace
Up 174 percent from N189.9 billion in the first half of 2024, Dangote Cement reported an astounding N520.5 billion PAT. Amazingly, this number already surpasses the corporation’s full-year 2024 profit. Furthermore confirming the company’s strong market position, revenue increased by 18% to N2.1 trillion.
BUA Cement Offers Turnaround Breaking Records
With a 429 percent profit jump, BUA Cement amazed experts, claiming N180 billion in PAT against N34 billion the year before. Rising from N363.9 billion in 2024 to N580.3 billion, the firm’s sales climbed 59.5%.
The most remarkable growth was its flip of a N29.9 billion foreign exchange loss in Q2 2024 to a gain of N1.6 billion in 2025, therefore driving a 510 percent rise in pretax earnings for the quarter.
Lafarge Africa Starts the Rally
With its halfyear profit reaching N132.7 billion, a 352.6 percent rise from N29.3 billion in 2024, Lafarge Africa also recorded remarkable growth. Revenue grew by 75 percent, moving from N295.6 billion to N516.9 billion over the same time.
Market Trust Surges on FX Wins
Many analysts concur that the stabilizing of the exchange rate is directly related to the comeback of the cement industry. Particularly for companies with strong import dependence, the reduction of significant foreign currency losses has brought back financial stability and investor confidence.
For instance, Dangote Cement recorded zero FX-related losses in Q2 2025, as against N138 billion lost in the same period in 2024. Similarly, BUA Cement turned a significant loss in FX into a small profit, hence helping to achieve its unprecedented profit margin.
The Cement Sector’s Outlook Remains Favorable
Market watchers and industry players, including Patrick Ajudua, President of the New Dimension Shareholders Association of Nigeria, pointed out that the robust financial performance mirrored wider macroeconomic recovery, bettering inflation, and more infrastructure spending.
Ajudua says that the constant increase in cement demand is both a reaction to the construction industry expansion and a sign of growing consumer confidence.
Should present conditions remain, Nigeria’s cement sector may be set for one of its most successful years ever, therefore affirming its function as a basis of industrial development and economic growth.
