Dangote Cement Plc has reported an impressive financial performance for the first half of 2026, posting a revenue of ₦2.514 trillion, reflecting strong demand for its products and improved business operations across Nigeria and other African countries.
According to the company’s unaudited financial results filed with the Nigerian Exchange (NGX), revenue increased by 21.35 percent compared to the ₦2.072 trillion recorded during the same period in 2025.
The company’s biggest source of growth came from its Nigerian business, where sales continued to rise despite economic challenges. Revenue from its domestic operations climbed by more than 25 percent to ₦1.805 trillion, up from ₦1.442 trillion in the first half of last year.
During the six-month period, Dangote Cement sold 14.94 million metric tonnes of cement across its operations. Of this total, 9.70 million metric tonnes were sold in Nigeria, showing that the local market remained the company’s strongest revenue driver. The Nigerian business also generated over ₦1.086 trillion in earnings before interest, tax, depreciation, and amortisation (EBITDA).
The company’s Pan-African operations also delivered positive results. Businesses outside Nigeria generated ₦775.35 billion in revenue, representing a 13.67 percent increase from the previous year. These operations contributed ₦136.57 billion to the group’s EBITDA, highlighting steady demand across several African markets.
Higher sales translated into stronger profits. Dangote Cement’s gross profit rose by 30.51 percent to ₦1.590 trillion, while operating profit increased by 30.66 percent to ₦1.060 trillion.
Another major factor behind the company’s improved performance was the sharp decline in finance costs. Net finance expenses dropped to ₦112.11 billion, down from ₦216.16 billion in the same period last year. Lower foreign exchange losses and reduced interest expenses helped improve profitability.
As a result, profit before tax jumped by 34.43 percent to ₦981.39 billion, while profit after tax reached ₦638.53 billion, representing a 22.69 percent increase over the corresponding period of 2025. Earnings per share also rose by more than 24 percent to ₦38.22, providing stronger returns for shareholders.
The momentum continued during the second quarter of the year. Between April and June 2026, the company generated ₦1.316 trillion in revenue, an increase of 22.19 percent from the same period in 2025. Profit before tax for the quarter climbed to ₦560.22 billion, while net profit stood at ₦317.44 billion.
Although operating costs increased due to higher fuel, electricity and logistics expenses, the growth in revenue outpaced the rise in costs. Production expenses increased moderately to ₦924.31 billion, with fuel and power accounting for the largest share at ₦384.49 billion, followed by raw material costs of ₦225.41 billion.
Transportation and administrative costs also rose as rising energy prices pushed haulage expenses to ₦318.60 billion.
Despite these challenges, Dangote Cement strengthened its financial position. Total assets increased by 9.62 percent to ₦6.622 trillion, while net assets grew by 21 percent to ₦3.170 trillion.
The strong half-year performance reinforces Dangote Cement’s position as Africa’s leading cement producer and suggests the company remains well positioned for continued growth. Investors are expected to view the results positively as the company continues to benefit from solid demand, improved efficiency, and a stronger balance sheet.
