Dangote Cement Plc (NGX: DANGCEM) has reported a ₦520.45bn profit after tax for the half year period ended 30 June, 2025.
An analysis of the unaudited interim financial statements of the cement manufacturer for the six months period showed that profit after tax rose by 174.06% year-on-year. From ₦189.90 billion profit for the same period in 2024, the company’s profit rose to ₦520.45bn, on the back of an improved revenue.
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At the end of H1, Dangote Cement Plc has already exceeded the ₦503.24bn profit after tax it posted for the full year period ended 31 December, 2024.
Statements of Profit and Loss
Dangote Cement Plc reported a modest 17.70% growth in revenue, rising from ₦1.76trn reported in H1 2024 to ₦2.07trn in H1 2025. All the revenue came from sales of cement and clinker.
Nigeria, the home nation of the Company accounted for ₦1.44trn of the revenue, while its subsidiaries in other African countries collectively brought in ₦682.12bn.
In the 6 months in review, Dangote Cement Plc produced 12,981,000 tonnes of cement and sold 13,365,000 tonnes. In contrast, it produced 13,792,000 tonnes in the same period in 2024, and sold 13,934,000 tonnes.
Production cost of sales increased marginally, rising by 2.43% from ₦833.27bn in H1 2024 to ₦853.55bn in H1 2025, with the highest production cost item being fuel & power consumed; ₦387.18bn (H1 2024: ₦374.82bn).
There was a modest increase in other expenses, as administrative expenses increased from ₦98.75bn to ₦124.28bn, while selling and distribution expenses went up from ₦304.47bn to ₦321.39bn.
The Company’s finance cost was down in the period under review, and it spent ₦216.16bn on interest payment and other finance costs, down 34.99% from the ₦332.52bn spent in the same period in 2024.
Profit Before Tax for H1 2025 stood at ₦730.03bn, 149.20% higher than the ₦292.95bn reported in H1 2024. The company paid tax amounting to ₦209.57bn (H1 2024: ₦103.05bn).
At the end of the period, Dangote Cement Plc posted a profit after tax of ₦520.45bn, 174.06% higher than the ₦189.90bn reported in H1 2024.
Earnings per share also rose by similar percentage to ₦30.74 (H1 2024: ₦11.26).
Statements of financial position
Total assets as at 30 June, 2025, was ₦6.61trn (31 Dec. 2025: ₦6.40trn). Of this, ₦4.63trn was non-current assets while ₦1.98trn was current assets.
Total liabilities as at 30 June, 2025, was ₦4.39trn (31 Dec. 2025: ₦4.22trn). Of this value, ₦1.71trn was non-current liabilities, while ₦2.68trn was current liabilities.
Shareholders equity stood at ₦2.22trn (31 Dec. 2025: ₦2.17trn). The companies retained earnings grew marginally from the ₦1.02trn on the books as at 31 Dec. 2024, to ₦1.04trn.
Statements of cash flow
Dangote Cement Plc generated a net cash of ₦874.20bn in the 6 months period, over 100% more than the ₦411.81bn it generated from the same activity.
A net cash of ₦97.32bn was used in investing activities in the period under review, while a net cash of ₦611.29bn was used in financing activities.
Cash and cash equivalent at the end of the period was ₦300.98bn (H1 2024: ₦371.66bn).
About the Company
Dangote Cement Plc was incorporated in Nigeria as a public limited liability company on 4 November 1992 and commenced operations in January 2007 under the name Obajana Cement Plc.
The name was changed on 14 July 2010 to Dangote Cement Plc.
Its parent company is Dangote Industries Limited. Its ultimate controlling party is Alhaji Aliko Dangote.
The registered address of the Company is located at 1 Alfred Rewane Road, Ikoyi, Lagos, Nigeria.
The principal activity of the Company and its subsidiaries is to operate plants for the preparation, manufacture, and distribution of cement and related products.
The Company’s production activities are currently undertaken at Obajana town in Kogi State, Gboko in Benue State and Ibese in Ogun State; all in Nigeria, and several subsidiaries across Africa.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
