Daily Post· 1h ago· 1 min read
BUA Cement recorded a net foreign exchange gain of N 16.57 billion during the first half of 2026 compared with only N 782.8 million in the same period last year and a N 9.70 billion foreign exchange loss for the full 2025 financial year.
This marked reversal reflects the relatively more stable exchange rate environment that has followed the sharp currency adjustments experienced over the previous two years.
The improvement helped reduce overall net finance costs to just N 3.41 billion, compared with N 31.37 billion in the corresponding period of 2025, despite the company continuing to carry substantial borrowings. Finance income also increased sharply to N 18.73 billion, supported by higher interest earned on cash balances.
BUA Cement continued to generate significant operating cash flows despite paying substantial dividends and investing heavily in capacity expansion.
Net cash…
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