KEY POINTS
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Dangote Cement profit climbed to $508 million in nine months.
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Higher cement prices drove revenue despite lower volumes.
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Nigeria remains the company’s main profit engine.
Dangote Cement Plc, Africa’s largest cement producer controlled by Nigerian billionaire Aliko Dangote, reported a near threefold rise in profit for the nine months ended Sept. 30, 2025. The company’s profit surged to $508 million (N741.6 billion), marking a milestone in Nigeria’s corporate landscape and underscoring its dominance in the regional cement market.
Profit for the period rose sharply from N279.1 billion ($191.1 million) recorded in the same period last year, showing a strong rebound in margins and operational efficiency. By comparison, Dangote Cement earned N503 billion ($344.7 million) for the entire 2024 financial year, with total revenue then standing at N3.58 trillion ($2.45 billion).
Strong gains in Dangote Cement profit
Revenue climbed to N3.15 trillion ($2.16 billion) during the nine-month period, up from N2.56 trillion ($1.75 billion) a year earlier. The rise was driven largely by higher cement prices, which helped offset a slight dip in sales volume. Cement sales slipped from 20.67 million tonnes to 20.24 million tonnes, but improved pricing supported overall revenue growth.
Nigeria remained the company’s strongest market. Domestic revenue increased from N1.53 trillion ($1.05 billion) in the first nine months of 2024 to N2.18 trillion ($1.49 billion) in 2025. Pan-African operations, which include sales to markets such as Ghana, Cameroon, and Congo, saw a mild decline, with revenue easing to N1.056 trillion ($724.1 million) from N1.093 trillion ($749 million).
Dangote Cement profit drives regional expansion
With a combined production and bagging capacity of 52 million tonnes per year, Dangote Cement continues to play a pivotal role in regional trade, supplying neighbouring African countries while reducing Nigeria’s reliance on cement imports. The company has become central to West Africa’s industrial value chain, exporting from its Nigerian base and strengthening cross-border trade links.
The cement maker’s focus on cost management, cash flow discipline, and strategic expansion has sustained its market leadership. Its balance sheet also showed solid growth, with total assets rising to N5.74 trillion ($3.94 billion) as of Sept. 30, 2025, up from N4.34 trillion ($2.97 billion) a year earlier, according to Billionaire Africa. Retained earnings, however, fell to N1.27 trillion ($870 million) from N2.22 trillion ($1.52 billion), reflecting dividend payouts and reinvestments.
Dangote Cement’s robust financial performance highlights its ability to navigate inflationary pressures and currency volatility, further solidifying its role as one of Africa’s most profitable industrial enterprises.
