Dangote Cement’s Non-Executive Director Alake Purchases 2m Shares Of Firm

The vice president of Dangote Industries Limited and non-executive director of Dangote Cement Plc, Olakunle Alake, has purchased two million shares of Dangote Cement.

With Dangote Cement’s market capitalisation standing at approximately N8.914 trillion as of July 31, 2025, this transaction highlights the company’s strong market presence.

A filing with the Nigerian Exchange Limited stated that “Alake bought two million units of the company’s shares at N511 apiece on July 31, 2025, amounting to N1.022 billion.”

Dangote Cement’s half-year results for the period ending June 30, 2025, posted a 17.7 per cent growth in group revenue to N2.072 trillion. Group EBITDA was up 41.8 per cent to N944.9 billion, profit after tax was up 174.1 per cent to N520.5 billion, and earnings per share rose by 173.0 per cent to N30.74.

The chief executive officer of Dangote Cement, Arvind Pathak, said, “We are pleased to report a solid performance in the first half of 2025, underscoring the strength, resilience, and adaptability of our business amidst improvements in key macroeconomic indicators. Group revenue grew by 17.7 per cent to N2,071.6 billion, compared to N1,760.1 billion in H1 2024, reflecting strategic pricing actions and continued demand for our products across markets.

“Our focus on operational efficiency and cost containment is delivering tangible results. Group EBITDA rose by an impressive 41.8 per cent to N944.9 billion, while Group profit surged by 174.1 per cent to N520.5 billion, surpassing our full-year 2024 profit in just six months. This remarkable performance is a testament to our disciplined execution, strong cost management, and our strategic investments over the years.”

Pathak added that “while Group volumes declined by 4.1 per cent to 13.4Mt, due to softer demand in key markets, we remain encouraged by the growth in our export business. Export volumes from Nigeria increased by 18.2 per cent, with 18 successful clinker shipments to Ghana and Cameroon. This demonstrates the growing importance of our pan-African footprint and our ongoing commitment to regional trade and self-sufficiency.”

He disclosed that “we have made significant progress in further strengthening our cost architecture. We began the phased delivery of 1,600 additional CNG-powered trucks during the period, which will significantly reduce our logistics costs and enhance environmental efficiency.

“As we move into the second half of the year, we remain focused on driving innovation, strengthening our pan-African operations, and delivering sustainable returns to our investors.”

Dangote Cement is Africa’s largest producer of building cement, with operations in nine countries and a capacity of 52 million tonnes per annum.