Dangote Cement Profit Surpasses N1tn as Revenue Hits N4.31tn

Dangote Cement has announced its audited results for the full year ended December 31, 2025, recording a 101.7 per cent surge in profit after tax to N1.01 trillion, crossing the trillion-naira milestone for the first time in the company’s history.

According to the audited results filed with the Nigerian Exchange Limited, Africa’s largest cement producer attributed the record financial performance to operational efficiency and strategic capacity expansion. Earnings per share stood at N59.86.

Group revenue rose by 20.3 per cent to N4.31 trillion during the period under review, while Earnings Before Interest, Taxes, Depreciation, and Amortisation jumped 43.4 per cent to N1.98 trillion, representing a margin of 46.0 per cent.

In Nigeria, EBITDA surged 62.2 per cent to N1.76 trillion, with a margin of 59.6 per cent. Reflecting the strong performance, the board has proposed a 50 per cent increase in dividend to N45 per share.

Export Growth and Capacity Expansion

Group production volumes recorded a marginal decline of 0.9 per cent to 27.5 million tonnes. However, Nigerian cement and clinker exports grew by 18.6 per cent to 1.4 million tonnes, including the dispatch of 34 ships to Ghana and Cameroon.

Efficiency gains were supported by the delivery of an additional 1,600 Compressed Natural Gas trucks and a favourable energy mix, which significantly reduced Nigeria’s cash costs.

Capacity expansion also featured prominently during the year, with the inauguration of a three-million-tonne-per-annum grinding plant in Ivory Coast, contributing to the group’s total capacity of 55 million tonnes per annum.

CEO Comments

Commenting on the results, Chief Executive Officer Arvind Pathak described 2025 as a landmark year for the company.

“2025 was a landmark year for Dangote Cement as we delivered exceptional financial performance that underscores the strength of our business model and the effectiveness of our strategic initiatives,” Pathak said.

He noted that group revenue growth was driven by proactive management initiatives and resilient demand across markets, adding that the expansion in profitability was achieved despite a modest decline in volumes.

“This expansion in profitability, achieved despite a modest 0.9 per cent decline in volumes to 27.5 million tonnes, reflects our deliberate focus on margin discipline, cost efficiency, and value creation,” he stated.

Pathak highlighted the successful commissioning of the three million tonnes per annum grinding plant in Ivory Coast during the third quarter, describing it as a strategic asset that strengthens the company’s West African footprint.

On the company’s export strategy, he said, “Our export strategy delivered strong results in 2025, with cement and clinker exports increasing 18.6 per cent as we executed 34 clinker shipments to Ghana and Cameroon. This performance reinforces our vision of positioning Nigeria as a low-cost regional hub and replacing expensive intercontinental imports with competitive African production.”

He reaffirmed the company’s commitment to achieving its target of 10 million tonnes of combined exports by 2030.

CNG Transition and Future Outlook

Pathak emphasised that cost leadership remains the cornerstone of the company’s competitive advantage, noting the acceleration of its transition to Compressed Natural Gas technology.

“In 2025, we accelerated our pioneering transition to Compressed Natural Gas technology, acquiring over 3,000 full CNG trucks, the largest fleet deployment in Africa’s cement industry. These vehicles deliver over 60 per cent fuel cost savings compared to diesel, embedding permanent structural advantages into our cost base,” he said.

The company is committed to converting its entire logistics fleet to CNG by 2027, a move expected to further strengthen margins, enhance operational flexibility, and significantly reduce its carbon footprint.

Looking ahead, Pathak expressed confidence in the company’s growth trajectory, citing robust cement demand fundamentals across Africa.

“We will continue commissioning new capacity, including the transformational six million tonnes per annum Itori plant, while advancing expansion projects in Ethiopia, Cameroon, South Africa, Zambia and Senegal,” he added.

He noted that with improving macroeconomic conditions across key markets, structural tailwinds from the African Continental Free Trade Area, and the company’s competitive positioning, Dangote Cement is poised to deliver another year of strong performance and sustained value creation for stakeholders.