Dangote Cement 2025 results

Dangote Cement Plc, Africa’s largest cement producer, led by Nigerian billionaire Aliko Dangote, posted a landmark $3.16 billion revenue in 2025.

Net profit surged past N1 trillion ($745 million), doubling from 2024, driven by strong pricing, operational efficiency, and robust demand in Nigeria and Pan-African markets.

With Nigeria contributing over 68% of total revenue and exports to Ghana and Cameroon rising 18.6%, Dangote Cement continues to cement its position as Africa’s industrial leader, while its $1 billion African expansion plan targets 80 million tonnes of output by 2030.

Dangote Cement 2025 revenue hits $3.16 billion
According to its latest audit accounts, revenue increased by 20.27% to reach N4.31 trillion ($3.16 billion), driven by strong pricing, operational efficiency, and resilient demand across its Nigerian and Pan-African markets. The cement giant also saw its profit after tax cross the N1 trillion milestone for the first time in its history.

Net profit more than doubled to N1.02 trillion ($745.49 million), up 101.79% from N503 billion ($369.32 million) in 2024, while earnings per share jumped to N59.86 ($0.044) from N29.74 ($0.022). The surge came despite a modest 0.9% decline in group-wide cement and clinker volumes to 27.5 million tonnes, reflecting the company’s disciplined pricing strategy and margin focus.

Nigeria leads growth
Revenue from Nigeria, the company’s core market, surged 34.8% to N2.96 trillion ($2.17 billion), underpinned by higher ex-factory prices and efficient production across Obajana, Ibese, Gboko, and Okpella plants. The Nigerian revenue makes more than 68% of the total revenue, which rose from N3.58 trillion ($2.63 billion) to N4.31 trillion ($3.16 billion).

Nigerian operations contributed significantly to group EBITDA, which rose 62.2% to N1.76 trillion ($1.29 billion), with a margin of 59.6%. Export volumes from Nigeria also climbed 18.6% to 1.4 million tonnes, supplying markets in Ghana and Cameroon and reinforcing Nigeria’s role as a low-cost regional hub.

Pan-African operations and capacity expansion
Across its Pan-African markets, revenue dipped slightly to N1.46 trillion ($1.07 billion) due to lower sales in Ethiopia, Senegal, Ghana, Cameroon, and South Africa, though margin management helped cushion profitability.

The cement maker, two days ago, unveiled a $1 billion expansion plan across Africa, to boost African production. The development, which will be covering 12 projects in Nigeria, Ethiopia, Zambia, Zimbabwe, Tanzania, Sierra Leone, and Cameroon, aims to raise total output to 80 million tonnes annually by 2030.

A key highlight was the commissioning of a 3Mta grinding plant in Côte d’Ivoire, supporting West African market growth, while the company advanced its fleet conversion to Compressed Natural Gas (CNG) trucks, embedding structural cost savings.

Financial position and shareholder focus
Dangote Cement is Africa’s leading cement producer with 55 Mta capacity across Africa. A fully integrated quarry-to-customer producer. It has a production capacity of 35.25Mta in Nigeria, its home market. Its Obajana plant in Kogi state, Nigeria, is the largest in Africa with 16.25Mta of capacity across five lines; our Ibese plant in Ogun State has four cement lines with a combined installed capacity of 12Mta.

Total assets declined by 5.66% from N6.4 trillion ($4.69 billion) to N6.04 trillion ($4.42 billion), while net debt declined sharply to N683 billion ($500.2 million) from N2.06 trillion ($1.51 billion) a year earlier, reflecting disciplined cash generation and debt management. Dangote Cement also proposed a 50% dividend increase to N45 per share, reinforcing its commitment to shareholder returns amid regional expansion.

Looking ahead, Dangote Cement plans to commission new capacity, including the 6Mta Itori plant, and advance projects in Ethiopia, Cameroon, South Africa, Zambia, and Senegal. With cost leadership, strong export growth, and improving macroeconomic conditions, the company is well-positioned to sustain profitability and deliver value across Africa.