Dangote Cement Plc, Africa’s largest cement producer, has announced an impressive profit of N743.3 billion for the nine-month period ending September 2025, representing one of its strongest financial performances in recent years. The company’s sustained revenue growth, operational efficiency, and strategic expansion across key African markets have positioned it as a dominant force in the continent’s construction and building materials sector.
According to the firm’s unaudited financial statements released on the Nigerian Exchange (NGX), Dangote Cement’s profit after tax rose significantly compared to N553.4 billion recorded in the corresponding period of 2024, showing a 34% year-on-year growth. This remarkable improvement was driven by strong domestic and pan-African sales volumes, improved pricing strategies, and a favorable operating environment, particularly in Nigeria and other West African markets.
The company’s revenue surged by 28% to N3.18 trillion, up from N2.49 trillion in the same period last year. Dangote Cement attributed the performance to higher cement demand driven by infrastructure projects, housing development, and increased private sector construction activities. The company’s Nigerian operations contributed the largest share of the revenue, supported by stable pricing and steady sales volumes despite inflationary pressures and energy cost challenges.
Group Managing Director of Dangote Cement, Arvind Pathak, said the results reflect the company’s resilience, innovation, and strategic focus on market expansion. “We have continued to deliver strong results despite a challenging macroeconomic environment. Our focus on operational excellence, sustainability, and customer satisfaction has allowed us to achieve significant growth across all our markets,” he stated.
Pathak noted that the company’s investments in alternative fuel sources and energy efficiency programs have reduced costs and improved production efficiency. “By leveraging locally sourced materials and energy alternatives, we have been able to mitigate the impact of rising fuel prices and currency fluctuations, ensuring that we deliver consistent value to shareholders and customers,” he added.
Dangote Cement’s total assets stood at N5.96 trillion at the end of the reporting period, reflecting a 19% growth from N5.01 trillion in 2024. The company’s shareholders’ equity also increased by 24% to N2.87 trillion, underscoring its strong balance sheet and financial stability. Its earnings per share climbed to N43.56, compared to N32.49 in the same period last year.
The company’s pan-African operations also recorded a strong performance, contributing about 40% of group revenue. Sales volume outside Nigeria increased significantly, supported by improved plant utilization rates and growing market share in countries such as Ethiopia, Tanzania, and Senegal. Dangote Cement currently operates in ten African countries and has continued to strengthen its export network through efficient logistics and cross-border supply chains.
Industry analysts have described the company’s performance as a reflection of its strategic leadership and market adaptability. A financial analyst with Meristem Securities, Mr. Olufemi Olatunji, noted that Dangote Cement’s continued investment in plant upgrades and operational expansion has positioned it for sustainable growth. “The company’s ability to maintain strong profitability amid high inflation and energy costs demonstrates its operational strength and strategic foresight,” he said.
In addition to its strong financial performance, Dangote Cement has intensified efforts to expand its production capacity. The company recently announced plans to raise its total installed capacity beyond 60 million metric tonnes per annum, following the commencement of a 1.4 million barrels per day expansion project at the Dangote Refinery complex, which will further support energy supply for cement operations.
The company also reiterated its commitment to environmental sustainability and corporate social responsibility. Through its alternative fuel initiatives, including the use of biomass and waste-derived fuels, Dangote Cement aims to reduce its carbon footprint and align with global sustainability goals. “We are deeply committed to operating responsibly and supporting the communities where we operate through empowerment, education, and environmental programs,” Pathak said.
Despite macroeconomic challenges such as foreign exchange volatility, rising production costs, and logistics constraints, the company has maintained a strong profit margin and continues to invest in infrastructure to enhance supply efficiency. The group’s cost management initiatives have resulted in a reduction of administrative expenses relative to revenue, further supporting profitability.
Investors have responded positively to the company’s strong performance, with Dangote Cement’s share price appreciating on the Nigerian Exchange as the market anticipates improved dividend payouts. The company remains one of the largest contributors to Nigeria’s market capitalization and a key driver of industrial growth.
Looking ahead, the management expressed optimism about sustaining growth momentum into 2026, backed by expanding construction demand, government-led infrastructure projects, and increased regional exports. “We are confident that our strategic investments in capacity expansion, energy efficiency, and digital transformation will continue to drive growth and enhance shareholder value,” Pathak concluded.
With its robust earnings, expanding operations, and commitment to innovation, Dangote Cement remains a cornerstone of Africa’s industrial development. The company’s strong performance not only reinforces its leadership in the cement sector but also contributes significantly to Nigeria’s economic stability and regional industrial advancement.
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