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Dangote Cement posts record profit of over $700m, targets expansion in South Africa, Ethiopia, and other markets

Simon Osuji by Simon Osuji
March 2, 2026
in Business
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Dangote Cement posts record profit of over $700m, targets expansion in South Africa, Ethiopia, and other markets
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This result, released in its audited financials for the year ended 31 December 2025, marks the first time the company has crossed the trillion naira profit milestone, underscoring strong operational performance amid ongoing capacity expansions.

Group revenue climbed more than 20 per cent to ₦4.31 trillion (roughly $3.17 billion), driven by resilient demand across key markets and proactive cost management. Earnings before interest, tax, depreciation, and amortisation expanded by more than 40 per cent to ₦1.98 trillion, about $1.45 billion, lifting the company’s EBITDA margin to 46 per cent.

In its home market of Nigeria, EBITDA jumped over 60 per cent to about 1.76 trillion naira, or $1.29 billion, with a margin close to 60 per cent.

The board has proposed a 50 per cent increase in the dividend to ₦45 per share, a move that reflects both confidence in the company’s cash generation and returns to investors. Dangote Cement’s performance comes even as total production volumes edged down marginally to 27.5 million tonnes.

Export volumes, however, rose significantly with Nigerian cement and clinker shipments up nearly 19 per cent to 1.4 million tonnes, including 34 sea shipments to destinations such as Ghana and Cameroon.

Chief Executive Officer Arvind Pathak described 2025 as a “landmark year” for the business, highlighting the strength of the company’s strategic model in the face of modest volume declines.

“Profit after tax crossed the ₦1tn milestone for the first time in our history, more than doubling 2024 performance,” he said, noting that disciplined margin focus and operational efficiency were key drivers.

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Regional Expansion Accelerates with Ivory Coast Plant

A Dangote Cement Plc logo stands on a barrier at the under-construction Dangote Industries Ltd. [Tom Saater/Bloomberg via Getty Images]

This facility will boost production capabilities in West Africa and position the group to better meet regional demand through an integrated supply chain.

The company’s export terminals at Apapa and Onne in Nigeria have emerged as strategic assets, underpinning its ambition to reach a combined export target of 10 million tonnes by 2030.

Pathak said progress on logistics efficiency, particularly the adoption of compressed natural gas technology in the company’s transport fleet, is enhancing cost leadership.

The addition of more than 3,000 CNG trucks has reduced fuel costs by more than 60 per cent compared with diesel, embedding structural advantages into the cost base and supporting margin expansion.

Dangote Cement Targets More African Markets

Billionaire Aliko Dangote, chief executive officer of Dangote Group, gestures after signing a factory construction contract with Sinoma International Engineering Co. Ltd. [Tom Saater/Bloomberg via Getty Images]

Looking ahead, Dangote Cement plans further capacity roll‑outs and geographical expansion. The company is advancing the 6 million tonnes per annum Itori plant while progressing projects in Ethiopia, Cameroon, South Africa, Zambia, and Senegal.

Pathak described a confident growth trajectory, buoyed by stable macroeconomic conditions, structural reforms, and the operational benefits of the African Continental Free Trade Area.

He said the focus on excellence, margin improvement, and export scaling will sustain performance and value creation for stakeholders.

This strong set of results comes at a time when Nigeria’s broader economic indicators show signs of stabilisation, including easing inflation and relatively steady foreign exchange markets, themes that executives say support the cement maker’s long‑term growth outlook.

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