Industrial Goods Companies Report N9.31trn Total Assets In 2025

A total of five industrial goods companies reported combined total assets of N9.31 trillion for the financial year ended December 2025, highlighting sector growth.

This represents an increase from N9.1 trillion in 2024, while the five companies’ average return on assets (ROA) rose sharply from 10.4 per cent to 20.3 per cent in 2025, reflecting stronger profitability from their asset base.

Tracked by the NGX Industrial Goods Index, the sector’s companies held total assets of N9.34 trillion in 2025, with the five largest (each holding assets above N20 billion) accounting for 99.7 per cent.

The report showed that Dangote Cement leads the list with total assets of N6.04 trillion, slightly down from N6.4 trillion in 2024, yet maintaining its dominant position in the industrial goods sector.

BUA Cement reported total assets of N1.85 trillion, reflecting its significant position among industrial goods leaders in Nigeria, while Lafarge Africa reported total assets of N1.20 trillion, reflecting its strong position among industrial goods companies in Nigeria.

Beta Glass posted total assets of N184.3 billion, reflecting its strong presence among the top industrial goods companies, while Chemical & Allied Products reported total assets of N24.7 billion. This represents a 25.5 per cent year-on-year increase from N19.6 billion in 2024.

Speaking on Dangote Cement 2025 results, the chief executive officer, Arvind Pathak, said, “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.”

Speaking on the overall performance, the managing director/CEO of BUA Cement, Yusuf Binji, said at the start of the year, the company outlined three key priorities: margin recovery, cost management, process improvement, and market penetration.

“This has been a remarkable year for us, both strategically and operationally, culminating in the strong financial performance shown. At the start of the year, we outlined three key priorities: margin recovery, cost management and process improvement, and market penetration.

“Through process reviews and targeted realignments, we explored smarter ways of operating internally. This approach included close engagement with suppliers and service providers across the value chain, and I am pleased that the results are reflected in the improved margins reported.

“During the year, we hosted our partners at the ‘Pillars of Strength’ Awards; expanded our logistics capacity, adding 500 new bulk cement tankers, and resumed exports to Niger and Burkina Faso. We also launched a 24-hour service centre to further enhance customer responsiveness.

“Key projects, including Ososo Line-1 and the Sokoto regasification plant, are progressing on schedule. On completion, our installed capacity will reach 20 mtpa, positioning us to meet growing local and regional demand,” he stated.