Dangote cement posts N2.07 trn half-year revenue

Dangote Cement Plc has released its unaudited financial results for the three months and six months ended June 30, 2025, with the company delivering its strongest half-year performance in history, driven by operational efficiency, robust demand, and export growth. For the half year, group revenue rose by 17.7% to N2.07 trillion from N1.76 trillion in […]

Dangote Cement Plc has released its unaudited financial results for the three months and six months ended June 30, 2025, with the company delivering its strongest half-year performance in history, driven by operational efficiency, robust demand, and export growth.

For the half year, group revenue rose by 17.7% to N2.07 trillion from N1.76 trillion in the corresponding period of 2024.

Profit after tax surged by 174.1% to N520.46 billion, compared to N189.90 billion a year earlier. Basic earnings per share rose significantly to N30.74 from N11.26 recorded in H1 2024.

In the second quarter alone, revenue climbed to N1.07 trillion, up from N942.71 billion in Q2 2024. Profit before tax in Q2 stood at N418.06 billion, representing more than a threefold increase from N126.55 billion in the same period last year. Profit after tax for the quarter reached N311.21 billion, compared with N77.23 billion in Q2 2024.

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The company’s operating activities yielded N810.98 billion for the six months, a sharp increase from N551.60 billion in H1 2024. Gross profit stood at N1.22 trillion for the half year, up from N926.78 billion in the same period of 2024.

Also, administrative expenses for the half year rose to N124.28 billion, compared with N98.75 billion a year earlier, while selling and distribution costs also rose to N321.39 billion from N304.47 billion in H1 2024.

Other income for the six months reached N39.94 billion, higher than N28.96 billion in the prior year.

Finance income more than quadrupled year-on-year to N113.26 billion, while finance costs were contained at N216.16 billion, down from N332.52 billion in H1 2024.

Arvind Pathak, Chief Executive Officer, said: “We are pleased to report a solid performance in the first half of 2025, underscoring the strength, resilience, and adaptability of our business amidst improvements in key macroeconomic indicators.

“Our focus on operational efficiency and cost containment is delivering tangible results. Group EBITDA rose by an impressive 41.8% to N944.9 billion, while Group profit surged by 174.1% to N520.5 billion – surpassing our full-year 2024 profit in just six months.

“This remarkable performance is a testament to our disciplined execution, strong cost leadership, and the strategic investments we have made over the years. While Group volumes declined by 4.1% to 13.4Mt, due to softer demand in key markets, we remain encouraged by the growth in our export business. Export volumes from Nigeria increased by 18.2%, with 18 successful clinker shipments made to Ghana and Cameroon.

“This demonstrates the growing importance of our pan-African footprint and our ongoing commitment to regional trade and self-sufficiency.”