Nigeria’s cement manufacturers, Dangote Cement, BUA Cement and Lafarge Africa, have achieved a combined profit after tax (PAT) of N1.63 trillion in their 2025 operations.

The figure represents a 141 per cent increase over N676.25 billion posted in the same period of 2024.

The combined profit before tax (PBT) also soared by 144.6 per cent to N2.406 trillion, up from N983.54 billion achieved in 2024.

A breakdown of the company’s audited results for the 2025 full year showed that Dangote Cement led the chart, with pre-tax profit rising from N732.54 billion in 2024 to N1.53 trillion, a 109.22 per cent increase, while its PBT almost doubled to N1.01 trillion from N503.25 billion.

The company linked the growth to a sharp reduction in finance cost, which fell to N351.5 billion from N700.3 billion, significantly easing pressure on earnings.

Based on the improved performance, the board proposed a dividend of N45 per share, representing a 50 per cent rise from N30 per share in 2024.

Data from the Nigerian Exchange Limited (NGX) indicated that BUA Cement also posted remarkable gains, with PAT rising from N73 billion in 2024 to N356.04 billion, a 381.73 per cent increase and pre-tax profit, which also rose from N99 billion to N465 billion.

The company’s improved performance was supported by a reduction in foreign exchange losses to N9.6 billion from N92 billion and a decline in finance costs by over N4 billion.

For Lafarge Africa Plc, the firm also recorded a strong performance, with PAT rising to N273 billion from N100 billion and pre-tax profit increasing from N152 billion to N411 billion.

Earnings per share (EPS) jumped from N6.22 to N17, reflecting the success of the company’s four-point strategy and continued focus on operational excellence, innovation and shareholder value creation.

Analysts attributed the strong results across the three firms to disciplined cost management, improved plant stability, efficient distribution, volume growth and effective financial oversight, which collectively minimised costs, finance charges and foreign exchange losses.

A look at the share price performance of these firms as of last Friday showed that Dangote Cement, with a market capitalisation of NGN 13.1 trillion, began the year with a share price of N609 and has since gained 27.9 per cent on that price valuation, making it 59th on the NGX in terms of year-to-date performance.

Shareholders are optimistic about the company, knowing that the stock has accrued 23 per cent over the past four weeks.

Also, Lafarge Africa began the year with a share price of N134.5 and has since gained 48.7 per cent to close last week at N200. Lafarge Africa is currently the 10th most valuable stock on the NGX with a market capitalisation of NGN 3.22 trillion, which is about 2.6 per cent of the exchange equity market.

BUA Cement is currently the fifth most valuable stock on the NGX with a market capitalisation of N7.42 trillion, which makes up about 5.99 per cent of the NGX equity market.

BUA Cement closed last week at N219. BUA Cement began the year with a share price of N178.5 and has since gained 22.7.per cent on that price valuation.

President of the Independent Shareholders Association of Nigeria, Moses Igbrude, commended the outstanding 2025 performance of Dangote Cement, BUA Cement and Lafarge Africa, describing the combined N1.63 trillion PAT recorded by the firms as a clear demonstration of resilience and sound management within the sector.