Table of Contents
Key Points
- Revenue rose 17.7% to $1.35 billion, driven by improved pricing and Nigeria’s strong cement market despite lower sales volume.
- Net profit surged 174.1% to $340.27 million, with earnings per share rising from N11.26 to N30.74 in the first half of 2025.
- Cement exports to Ghana, Cameroon, and Congo helped reinforce Nigeria’s transition from importer to regional cement exporter.
Dangote Cement Plc, Africa’s largest cement producer, controlled by Nigerian billionaire industrialist Aliko Dangote, reported a robust 17.7 percent revenue increase to nearly $1.4 billion in the first half of 2025, building on strong momentum from the first quarter.
The growth was driven by higher cement and clinker sales volumes across its Nigerian and key African markets, driven by ongoing investments in housing, commercial developments, and cross-border infrastructure upgrades that have supported the construction materials sector.
Dangote Cement profit soars as revenue hits $1.35 billion
The company’s recently released financial report shows that Africa’s largest cement maker posted a 17.7 percent revenue increase to N2.07 trillion ($1.35 billion) in the first half of 2025, up from N1.76 trillion ($1.15 billion) a year earlier.
Net income surged 174.1 percent to N520.46 billion ($340.27 million), underscoring the company’s dominance in Nigeria’s industrial sector. Also, earnings per share rose to N30.74 ($0.0201) from N11.26 ($0.0074). The jump in profitability came despite a slight dip in total sales volumes, reflecting the company’s successful pricing strategy and operational discipline.
Nigerian market drives performance
Revenue from Nigeria, the cement maker’s largest market, jumped 45.5 percent to N1.44 trillion ($942.99 million) as ex-factory prices rose and production volumes climbed to 6.59 million tonnes from 6.15 million tonnes. Domestic sales volumes edged down to 8.95 million tonnes from 8.99 million tonnes.
Across its Pan-African operations, the company sold 4.41 million tonnes of cement and clinker, down from 4.94 million tonnes a year earlier. However, revenue held firm, supported by pricing actions and efficiency gains.
Volumes, capacity, and exports
Group-wide, cement and clinker volumes slipped to 13.37 million tonnes from 13.93 million tonnes in H1 2024, while total production fell to 12.98 million tonnes from 13.79 million tonnes. The company maintained a total installed capacity of 52 million tonnes per annum, with 29.25 million tonnes allocated to Nigeria.
Cement exports to countries including Cameroon, Ghana, and Congo reinforced Dangote Cement’s role as a regional supplier, helping transform Nigeria into a net exporter of cement within Sub-Saharan Africa.
Dangote Cement’s asset growth amid shareholder focus
Dangote Cement, which is 87.45 percent owned by Aliko Dangote, Africa’s richest man, continues to play a key role in regional trade, exporting cement to markets such as Cameroon, Ghana, and Congo. The leading cement producer remains a key player in transforming Nigeria from a cement importer into an exporter within Sub-Saharan Africa.
Total assets grew 3.34 percent to N6.62 trillion ($4.33 billion) as of June 30, 2025, from N6.4 trillion at year-end 2024. Retained earnings rose 1.46 percent to N1.042 trillion ($681.31 million). The cement firm continues to consolidate its position through disciplined pricing, strong cash generation, and expansion across 10 African countries. The company reaffirmed its focus on cost optimization, shareholder value, and regional diversification.
