Dangote Cement has reported a record-breaking financial performance for the year ended December 31, 2025, with profit after tax rising 101.7 per cent to N1.01tn.
The audited results, filed with the Nigerian Exchange Limited, show earnings per share climbed to N59.86, while the board proposed a 50 per cent increase in dividend to N45 per share.
Group revenue rose by 20.3 per cent to N4.31tn, supported by sustained demand and internal efficiency measures. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 43.4 per cent to N1.98tn, representing a margin of 46.0 per cent. In Nigeria alone, EBITDA jumped 62.2 per cent to N1.76tn, with margins reaching 59.6 per cent.
Despite a marginal 0.9 per cent decline in production volumes to 27.5 million tonnes, the company expanded its regional footprint. Cement and clinker exports from Nigeria grew by 18.6 per cent to 1.4 million tonnes, including 34 clinker shipments to Ghana and Cameroon.
Capacity expansion remained central to its 2025 strategy, highlighted by the commissioning of a three-million-tonne-per-annum grinding plant in Ivory Coast. The addition brings the Group’s total installed capacity to 55 million tonnes annually.
Chief Executive Officer Arvind Pathak described the year as transformative.
“2025 was a landmark year for Dangote Cement as we delivered exceptional financial performance that underscores the strength of our business model and the effectiveness of our strategic initiatives. Group revenue grew 20.3 per cent to N4.31tn, driven by proactive management initiatives and resilient demand across our markets. EBITDA increased by 43.4 per cent to N1.98tn, while profit after tax crossed the N1tn milestone for the first time in our history, more than doubling 2024 performance. This expansion in profitability, achieved despite a modest 0.9 per cent decline in volumes to 27.5 million tonnes, reflects our deliberate focus on margin discipline, cost efficiency, and value creation.”
He added that export growth reinforced the company’s ambition to position Nigeria as a regional production hub.
“A key highlight of 2025 was the successful commissioning of our 3 Mtpa grinding plant in the Ivory Coast during Q3… Our export strategy delivered strong results in 2025, with cement and clinker exports increasing 18.6 per cent as we executed 34 clinker shipments to Ghana and Cameroon.”
Pathak also highlighted cost savings from logistics reforms.
“Cost leadership remains the cornerstone of our competitive advantage. In 2025, we accelerated our pioneering transition to Compressed Natural Gas technology, acquiring over 3,000 full CNG trucks… We are committed to converting our entire logistics fleet to CNG by 2027.”
Looking ahead, he expressed confidence in sustained expansion across Africa, citing planned projects including the 6Mta Itori plant and additional capacity in Ethiopia, Cameroon, South Africa, Zambia and Senegal.
“Looking ahead, we are confident in our growth trajectory and our ability to capitalise on Africa’s robust cement demand fundamentals… Dangote Cement is poised to deliver another year of strong performance and sustained value creation for our stakeholders.”
