Dangote Cement Profit Crosses N1trn Mark, Proposes N45 Dividend Per Share

Dangote Cement Plc has posted its financials for the period ended December 31, 2025, reporting a profit after tax exceeding N1 trillion for the first time in its history, even as its board of directors are proposing a 50 per cent dividend increase to N45 per share for shareholders of the company.
According to the financials released to the public on the Nigeira Exchange at the weekend, the Dangote Cement recorded group revenue of N4.306 trillion, a 20.3 per cent increase from 2024. Its earnings before interest, taxes, depreciation and amortisation (EBITDA) surged 43.4 per cent to N1.981 trillion, lifting the group’s margin to 46 per cent. Profit after tax more than doubled to N1.014 trillion, while earnings per share rose 101.3 per cent to N59.86.

Despite a modest 0.9 per cent decline in total volumes to 27.5 million tonnes, the company strengthened its market position through targeted exports and operational efficiencies. Nigeria’s cement and clinker exports rose 18.6 per cent to 1.4 million tonnes, with 34 shipments dispatched to Ghana and Cameroon.
Dangote Cement had commissioned a three million tonne grinding plant in Côte d’Ivoire, gradually scaling toward full capacity utilisation, further enhancing its West African footprint and strengthening its integrated supply chain to meet growing regional demand.

The chief executive of Dangote Cement, Arvind Pathak, commenting on the financials 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. Group revenue grew 20.3 per cent to N4.306 trillion, driven by proactive management initiatives and resilient demand across our markets.
“EBITDA increased by 43.4 percent to N1.981 trillion, while profit after tax crossed the N1 trillion milestone for the first time in our history, more than doubling 2024 performance. 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. A key highlight of 2025 was the successful commissioning of our 3Mta grinding plant in Côte d’Ivoire during Q3.

“We are pleased with the ramp-up progress as the plant gradually scales toward full capacity utilisation. This strategic asset strengthens our West African footprint and positions us to serve growing demand across the region while benefiting from our integrated supply chain. 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. Our export terminals at Apapa and Onne continue to prove their strategic value, and we remain firmly on track to achieve our ambitious target of 10 million tonnes of combined exports by 2030. Cost leadership remains the cornerstone of our competitive advantage.

“In 2025, we accelerated our pioneering transition to Compressed Natural Gas (CNG) 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. We are committed to converting our entire logistics fleet to CNG by 2027, a transformation that will further strengthen margins, enhance operational flexibility, and significantly reduce our carbon footprint. Looking ahead, we are confident in our growth trajectory and our ability to capitalise on Africa’s robust cement demand fundamentals. We will continue commissioning new capacity, including the transformational 6Mta Itori plant, while advancing expansion projects in Ethiopia, Cameroon, South Africa, Zambia and Senegal.

“Our focus remains on operational excellence, margin expansion through cost efficiency, and scaling our export business. With improving macroeconomic conditions across our key markets, the structural tailwinds from the African Continental Free Trade Area, and our unmatched competitive positioning, Dangote Cement is poised to deliver another year of strong performance and sustained value creation for our stakeholders.”

In Nigeria, EBITDA climbed 62.2 per cent to N1,763.5 billion, translating to a margin of 59.6 per cent. Pan-African operations recorded N294.1 billion EBITDA, reflecting strategic regional exposure despite competitive pressures. Central costs increased due to capacity expansion and logistics investment but were offset by operational gains.