Chikezie Ajaero, Chief Financial Officer and Executive Director of BUA Cement, has acquired 350,000 shares in the company, valued at N94.46 million. The transaction, identified by code NGBUACEMENT3, occurred on March 13, 2026, with shares purchased at N269.9 each.

This follows a similar acquisition by Hauwa Satomi, the Company Secretary and Chief Legal Officer. Satomi purchased 400,000 shares worth N107.2 million at a price of N268.1 per share on the same date.

Both transactions took place in Lagos. The trading volume for BUA Cement shares spiked to 2.9 million, and the stock closed at N270 per share, marking a gain of over 9% during that trading session.

These represent the first director dealings recorded by BUA Cement in 2026. Sentiment surrounding the company's equity has remained positive this year.

During the week of these purchases, BUA Cement's share price rose by approximately 20%, achieving its strongest weekly performance of the year. This performance placed the stock third among the Nigerian Exchange (NGX) top 10 best-performing equities for the week and contributed to a 5.73% gain in the Industrial Goods Index.

Year-to-date, BUA Cement's stock has gained over 83%, with its market capitalization increasing to N10.05 trillion from N6.04 trillion at the close of 2025. The stock has already recorded a month-to-date gain of over 49% in 2026, with more than 19 million shares traded, surpassing the 41.51% rally seen in July 2025.

This strong performance follows a robust 2025 financial year. BUA Cement reported a full-year pre-tax profit of N465.28 billion, a significant increase of 367% from N99.63 billion in 2024. The company's audited financial statements for FY2025 show revenue growth to N1.179 trillion from N876.46 billion in the prior year.

Bagged cement sales contributed N1.171 trillion, accounting for 99.4% of total revenue, while bulk cement sales added N7.5 billion. Nigeria represented 98.7% of total sales, with exports making up the remainder.

Despite an increase in the cost of sales, gross profit rose to N604.1 billion, a year-on-year increase of 101.21%. Foreign exchange losses decreased sharply from N92.1 billion to N9.6 billion. Operating profit stood at N504.5 billion after accounting for distribution and administrative expenses.

Net finance costs reduced from N60.5 billion to N56.2 billion, leading to a pre-tax profit of N465.2 billion, a 367% increase. Total assets were reported at N1.85 trillion, an increase of 18.20%, with property, plant, and equipment remaining the largest asset class.

Total equity stood at N672.8 billion, up 73.18%, with retained earnings of N462.3 billion forming the majority. In light of this performance, the board approved a final dividend of N10 per ordinary share of 50 kobo, totaling N338.64 billion.

In 2025, BUA Cement delivered a return of over 91% to investors. This performance may be surpassed if the current rally in 2026 is sustained.