Dangote Cement Plc has announced robust financial results for the nine months ended September 30, 2025, showcasing a remarkable 164.8 per cent increase in earnings per share (EPS), which rose from ₦16.55 to ₦43.80.
This significant growth reflects the company’s strong operational performance and strategic expansion efforts.

Group revenue climbed by 23.2 per cent, reaching ₦3,154.8 billion compared to ₦2,560.6 billion in the same period of 2024. The company also recorded a 57.7 per cent rise in Group EBITDA, which grew from ₦908.7 billion to ₦1,428.2 billion. Profit after tax (PAT) surged by 166.3 per cent, from ₦279.1 billion to ₦743.3 billion.

EPS, a key indicator of profitability and shareholder value, continues to be a central metric in Dangote Cement’s financial reporting, reflecting the company’s commitment to delivering returns to investors.

A major contributor to this performance was the commissioning of a new 3Mta grinding plant in Côte d’Ivoire, which expanded Dangote Cement’s total installed capacity to 55Mta across Africa. This strategic move reinforces the company’s leadership in the continent’s cement industry and supports regional self-reliance.

Commenting on the results, Arvind Pathak, Chief Executive Officer of Dangote Cement, stated:

“The commissioning of our 3Mta Côte d’Ivoire grinding plant marks a significant milestone in our growth journey. It strengthens our position as Africa’s leading cement producer and underscores our commitment to regional self-reliance.”

Pathak attributed the revenue growth to proactive management strategies and resilient market demand. He highlighted the success of efficiency programs and disciplined cost management, particularly in Nigeria, where a more favorable energy mix helped reduce cash costs. Exports from Nigeria increased by 23 per cent, driven by 27 clinker shipments to Ghana and Cameroon.

He also emphasized the company’s sustainability initiatives, including the phased deployment of 1,600 CNG-powered trucks aimed at reducing logistics costs and carbon emissions. Progress on the Itori Integrated Plant is also underway, expected to boost domestic capacity and open new export opportunities.

Looking ahead, Pathak added: “Our focus remains on sustaining earnings momentum, enhancing operational efficiency, and executing our long-term growth strategy. With a clear strategic direction and a strong balance sheet, Dangote Cement is well-positioned to continue delivering superior value to stakeholders.”

Earlier in the year, for the six months ended June 30, 2025, Dangote Cement reported a 17.7 per cent increase in revenue to ₦2,071.6 billion—the highest in its history. Group EBITDA rose by 41.8 per cent to ₦944.9 billion, while Nigeria operations saw an 82.4 per cent increase to ₦845.4 billion. Profits before tax jumped by 149 per cent to ₦730 billion, and PAT soared by 174.1 per cent to ₦520.5 billion.

Dangote Cement remains Africa’s largest cement producer, with a fully integrated quarry-to-customer model and a production capacity of 35.25Mta in Nigeria alone. Its facilities include: Obajana Plant (Kogi State): 16.25Mta across five lines; Ibese Plant (Ogun State); 12Mta across four lines; Gboko Plant (Benue State): 4Mta; Okpella Plant (Edo State): 3Mta

Through strategic investments, the company has eliminated Nigeria’s reliance on imported cement and transformed the country into a net exporter of cement and clinker.

Dangote Cement also operates across several African countries, including: Cameroon, Congo, Ghana, Ethiopia, Senegal, Sierra Leone, South Africa, Tanzania, Zambia and Côte d’Ivoire.

The Presidential Fiscal Policy and Tax Reforms Committee has announced the unveiling of the Excellence in Tax Reform Reporting Award to honour journalists and digital influencers who demonstrate accuracy, balance, and impact in covering Nigeria’s ongoing tax reforms.

The announcement was made via X on Tuesday by the chairman of the committee, Mr. Taiwo Oyedele.

Oyedele said that the initiative aims to promote constructive public discourse, counter misinformation, and support journalism that helps citizens better understand and trust fiscal reforms.

According to him, the award is open to Nigerian journalists across print, broadcast, and online platforms, as well as digital influencers, bloggers, and podcasters.

‘The award seeks to strengthen constructive public discourse, counter misinformation, and elevate journalism that explains reforms in ways citizens can trust and understand’, Oyedele added.

He explained that entries must consist of published works between 1 July and 31 December, 2025, in English, Pidgin, Hausa, Igbo, or Yoruba.

On the award structure, Oyedele said prizes include ₦10 million for the overall winner, ₦5 million for the second-place winner, ₦3 million for the third-place winner, and consolation prizes for the top 20 finalists.

He added that entries will be judged based on accuracy, balance, clarity, public engagement, and creativity.

‘T𝐨 𝐀𝐩𝐩𝐥𝐲, applications will open via the official portal http://fiscalreforms.ng by 31 December 2025′, the statement stated.

The initiative aligns with the committee’s broader efforts to harmonise multiple taxes and levies into a simplified, broad-based system.

Africa’s largest refinery, the Dangote Petroleum Refinery, is set for a historic expansion that will increase its production capacity from 650,000 barrels per day (BPD) to 1.4 million BPD within the next three years.

When completed, the expansion will make the refinery the largest in the world, marking a major leap toward energy independence for Nigeria and Africa.

The President and Chief Executive of Dangote Industries Ltd., Alhaji Aliko Dangote, announced the plan on Sunday in Lagos.

According to him, the step reflects faith in Nigeria’s potential.

“This expansion reflects our confidence in Nigeria’s future, our belief in Africa’s potential, and our commitment to building energy independence for our continent and the world.

“It is about confidence in Nigeria, in Africa, and in our capacity to shape our own energy future,” Dangote noted.

Dangote explained that the project aligns with President Bola Tinubu’s vision of making Nigeria a global supplier of petroleum products.

He commended the President for supportive initiatives such as the Nigeria First Policy, Naira-for-Crude Policy, and the creation of a one-stop shop for investors, which have spurred industrial growth and strengthened investor confidence.

Dangote said the expansion would meet rising regional demand, cut dependence on fuel imports, save billions in foreign exchange, and boost Nigeria’s energy security.

He revealed that the construction of the new facilities would employ over 65,000 workers, creating opportunities across local industries and building Africa’s technical capacity for large-scale infrastructure.

The business mogul also disclosed plans to increase polypropylene production from 900,000 metric tonnes to 2.4 million metric tonnes per annum, boosting local supply of industrial inputs such as linear alkylbenzene, for detergent production, and base oils.

“With this expansion, the refinery will transition from producing Euro V to Euro VI fuel standards, meeting the highest global environmental benchmarks.

“It will also expand our power generation capacity, ensuring full operational self-sufficiency.”

He said more than 85 per cent of the refinery’s workforce are Nigerians, with ongoing investments in skills development, safety, sustainability, and technology transfer.

“We remain committed to safety, sustainability, and local participation at every stage of this expansion.

“Our goal has never been just to refine oil, but to refine opportunities for our people,” he added.

Dangote also announced plans to list the Dangote Refinery and Petrochemical Complex on the Nigerian Exchange Ltd. within the next year, a move aimed at promoting broad ownership and transparency.

“Our long-term goal is to build Africa’s leading integrated energy and petrochemical hub, the first of its kind on the continent,” he said.

Dangote also assured Nigerians of steady fuel supply during the festive period, in spite of of the recent global oil price increases.

“As we approach the end of the year, Nigerians often face fuel shortages and price hikes.

“I want to assure everyone that the Dangote Refinery is fully committed to maintaining uninterrupted supply throughout the festive season.

“For the first time in many years, Nigerians can look forward to a festive season free of fuel anxiety.” he explained.

He expressed gratitude to President Tinubu, the Federal and Lagos State Governments, the refinery’s host community in Lekki, financial partners, and the company’s dedicated workforce for their support.

“This expansion is not just about increasing capacity, it’s about confidence in our people, our country, and our continent.

“Together, we are building a stronger Nigeria and redefining what is possible for Africa,” he said.

Dangote also urged other refinery license holders to collaborate in achieving the government’s goal of making Nigeria Africa’s refining hub.

“When Africa builds its own capacity, it builds its own destiny,” he said. (NAN)