Dangote Cement Plc (DANGCEM-NL), Africa’s largest cement producer, reported a 166.3% year-on-year increase in profit after tax, reaching a record of ₦743.3 billion in the nine months ended September 30, 2025.
This exceeds the company’s full-year 2024 pre-tax profit of ₦732.5 billion by over 47%.
The performance is said to be attributed to strong pricing power, operational efficiencies, and a favourable energy mix in Nigeria.
Although there was a slight decline of 2.1% in group cement and clinker volumes, which fell to 20.24 million tonnes from 20.67 million tonnes, revenue rose by 23.2% to ₦3.15 trillion. This increase reflects a 25.9% rise in the average selling price to ₦155,875 per tonne (up from ₦123,855 per tonne in 9M 2024).
Key Financial Highlights
Group Revenue: Up 23.2% to ₦3,154.8 billion from ₦2,560.6 billion in 9M 2024.
EBITDA: Rose 57.2% to ₦1,428.2 billion, with margins expanding to 45.3% (from 35.5%).
Nigeria EBITDA: Jumped 85.2% to ₦1,291.4 billion at a 59.2% margin, fueled by favorable energy mix and reduced cash costs.
Profit After Tax: ₦743.3 billion, up 166.3%.
Earnings Per Share: ₦43.82, a 164.8% increase.
Group volumes dipped by 2.1% to 20.2 million tonnes (Mt) due to softer demand in select Pan-Africa markets, but Nigerian operations saw a 0.4% volume uptick to 13.2 Mt.
Exports from Nigeria grew 23% to 1.1 Mt, supported by 27 clinker shipments to Ghana and Cameroon.
Arvind Pathak, Chief Executive Officer, stated:
“The commissioning of our 3Mta Côte d’Ivoire grinding plant in October marks another major step in Dangote Cement’s growth journey, increasing our total installed capacity to 55Mta across Africa. This milestone reinforces our commitment to regional self-reliance and strengthens our position as the continent’s leading cement producer.
Our results reflect proactive management, resilient demand, and efficiency gains—particularly in Nigeria, where a better energy mix slashed costs. Despite a slight volume decline to 20.3 Mt, exports rose 23%, and we advanced sustainability with 1,600 CNG trucks to cut logistics costs and emissions.
The Itori Integrated Plant is on track to boost domestic capacity and exports.”
Nigeria: Revenue soared 42.4% to ₦2,181.1 billion; clinker exports to Cameroon and Ghana up 18% to 761.9 Kt.
Manufacturing costs rose just 4% to ₦1,286.1 billion despite inflation, aided by energy efficiencies. Net debt halved to ₦957.8 billion from ₦2,062 billion at year-end 2024, with ₦461.8 billion in capex (₦363.8 billion in Nigeria).
Analysts anticipate continued margin expansion in Q4 as the rainy season concludes, infrastructure spending resumes across Sub-Saharan Africa, and CNG adoption grows.
Administrator and Writer
