Dangote Cement revenue hits N4.31trn as profit tops N1trn
Dangote Cement Reports 20.3% Revenue Growth in 2025
Dangote Cement Plc announced a revenue increase of 20.3%, reaching N4.31 trillion for the year ending December 31, 2025, up from N3.58 trillion in 2024. The details were shared in a corporate announcement filed with the Nigerian Exchange Ltd. on Saturday.
The company attributed N2.96 trillion of its revenue to its operations in Nigeria, a significant rise from N2.19 trillion the previous year. In contrast, pan-African operations brought in N1.46 trillion, a slight decline from N1.48 trillion in 2024.
Management reported that Nigerian revenues surged 34.8% year-on-year, climbing to N2,956.5 billion from N2,192.7 billion. Meanwhile, revenues from pan-African operations fell by 1.7%, influenced by decreased sales in crucial markets.
Overall group revenue grew to N4,306.7 trillion from N3,580.6 trillion in the prior year, primarily due to selective price increases in various regions. Total cement sales decreased marginally to 27.47 million tonnes from 27.71 million tonnes in 2024.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased to N1.98 trillion from N1.38 trillion, resulting in an EBITDA margin rise to 46.0% from 38.6%. Operating profit also grew, reaching N1.77 trillion, compared to N1.15 trillion in 2024.
Profit before tax climbed to N1.53 trillion, up from N732.54 billion the previous year. After accounting for a tax charge of N517.74 billion, net profit amounted to N1.01 trillion, more than double the N503.25 billion recorded in 2024. Earnings per share rose to N59.86 from N29.74 in the corresponding period.
At year-end, total assets were reported at N6.04 trillion, down from N6.40 trillion in 2024. However, net debt saw a substantial reduction to N682.92 billion, down from N2.06 trillion, indicating improved financial leverage and a stronger balance sheet.
Chief Executive Officer Arvind Pathak labeled 2025 a landmark year for the company, noting the exceptional financial performance. He highlighted the 20.3% revenue growth as a result of proactive management and strong demand across markets.
Pathak pointed out the 43.4% increase in EBITDA and emphasized that profit after tax surpassed the N1 trillion mark for the first time, despite a slight decline in volumes. He also mentioned the successful commissioning of a 3 million tonnes per annum grinding plant in Côte d’Ivoire, further solidifying the company’s presence in West Africa.
Additionally, a rise of 18.6% in cement and clinker exports was recorded, with 34 shipments made to Ghana and Cameroon, reinforcing Nigeria’s status as a regional export hub. The company’s export terminals at Apapa and Onne were noted as strategic components in their operations, with a goal of achieving 10 million tonnes of combined exports by 2030.
