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Dangote Cement Plc posted a blockbuster 2025, reporting that pre-tax profit more than doubled to N1.53 trillion as the company cut finance costs sharply and lifted revenue, a turnaround that allowed Africa’s largest cement maker to propose a higher cash dividend for shareholders.
The company said pre tax profit rose 109% from N732.54 billion in 2024, while profit after tax climbed to N1.01 trillion from N503.25 billion. Earnings per share more than doubled to N59.86 from N29.74, according to audited full year results filed with the Nigerian Exchange.
Directors proposed a dividend of N45 per share for 2025, up from N30 a year earlier, a 50% increase that signals confidence in cash generation despite a tough operating environment for Nigerian manufacturers.
Revenue rose 20% to N4.31 trillion from N3.58 trillion. Cost of sales edged down to N1.63 trillion from N1.64 trillion, helping gross profit expand 38% to N2.67 trillion. Operating profit jumped 53% to N1.77 trillion.
Management pointed to a steep fall in finance costs as the key accelerant. The company said finance costs dropped to N351.50 billion from N700.30 billion in 2024, easing pressure on earnings and boosting profitability even as sales volumes dipped slightly.
Chief executive Arvind Pathak called 2025 a landmark year, saying revenue climbed to N4.31 trillion and EBITDA rose 43% to N1.98 trillion. He said profit after tax crossed N1 trillion for the first time in the company’s history, achieved in part through tighter margins discipline and cost efficiency.
Nigeria remained the main growth driver. Domestic revenue rose to N2.96 trillion from N2.19 trillion, a 35% increase that accounted for most of the group’s topline lift. Outside Nigeria, pan African operations generated about N1.35 trillion, compared with about N1.39 trillion in 2024, pointing to broadly stable performance but less momentum than the home market.
The company said group volumes slipped 0.9% to 27.5 million tonnes. It highlighted new capacity and exports, including commissioning a 3 million tonnes per annum grinding plant in Côte d’Ivoire and an 18.6% increase in cement and clinker exports, with 34 clinker shipments to Ghana and Cameroon.
Dangote Cement also pushed its logistics transition, saying it has deployed more than 3,000 compressed natural gas trucks and aims to convert its entire fleet by 2027.
On the balance sheet, property, plant and equipment stood at N3.9 trillion. Total liabilities fell to N3.42 trillion from N4.23 trillion, a decline that reinforced the profit surge and supported the bigger dividend proposal.
