Dangote, BUA, others drive industrial sector assets to N9.3tn

Five major industrial goods firms listed on the Nigerian Exchange recorded a combined asset base of N9.31 trillion in the 2025 financial year, reflecting improved profitability and stronger returns across the sector.

The companies — Dangote Cement Plc, BUA Cement, Lafarge Africa Plc, Beta Glass Plc and Chemical and Allied Products Plc — saw their total assets rise from N9.1 trillion in 2024, while average return on assets nearly doubled to 20.3 per cent from 10.4 per cent.

Dangote Cement Plc maintained its dominance with N6.04 trillion in assets, accounting for about 64.7 per cent of the sector, despite a slight year-on-year decline. The company significantly improved profitability, with return on assets rising to 16.80 per cent as pre-tax profit surged by 109 per cent to N1.53 trillion, supported by increased revenue from domestic cement and clinker sales.

BUA Cement followed with N1.85 trillion in assets, recording an 18.2 per cent growth. Its return on assets climbed sharply to 19.2 per cent, driven by a 367 per cent jump in pre-tax profit to N465.2 billion and strong revenue performance largely from bagged cement sales.

In third place, Lafarge Africa Plc posted N1.20 trillion in assets, up 21.9 per cent, with return on assets rising to 22.61 per cent. The company reported pre-tax profit of N411.3 billion on revenue exceeding N1 trillion, with cement sales contributing the bulk of earnings.

Beta Glass Plc recorded N184.3 billion in assets, reflecting a 37.2 per cent increase, alongside improved profitability as pre-tax profit rose by 155 per cent to N50.65 billion, supported by strong demand for glassware products.

Meanwhile, Chemical and Allied Products Plc reported N24.7 billion in assets, up 25.5 per cent, with return on assets reaching 24.7 per cent. The company’s performance was driven by growth in its paint business, which accounted for nearly all its revenue.

Collectively, the five firms accounted for about 99.7 per cent of the Nigerian Exchange Industrial Goods Index’s total assets, highlighting their dominance and signalling sustained capital investment and efficiency gains within the sector.