Last Update25 Jun 25
Subject: Dangote Cement Delivers Historic Financial Performance, Boosts Shareholder Returns and Expands Strategic Footprint
Dangote Cement Group has posted its most impressive financial results to date, breaking several records and underlining its dominant position in the African cement industry. For the first time since inception, the company’s EBITDA crossed the N1 trillion threshold, reaching N1,382.0 billion, a 56% increase year-on-year. This milestone reflects not just volume recovery but also the impact of robust pricing strategies and operational efficiency.
Earnings per share also rose by 12.3% to N29.74, up from N26.47 in 2023, indicating solid bottom-line growth. In a move that underscores the company’s strong cash-generating capacity and commitment to rewarding shareholders, the Board approved a dividend payout of N30 per share, amounting to a total of N502.6 billion.
Total revenue surged to N3,580.6 billion, representing a 62.2% year-on-year growth, driven largely by strong demand recovery in Nigeria and other key markets, alongside effective pricing strategies. Shareholders unanimously commended the Board and Management for the performance and dividend payout, describing the decision as being squarely in their best interest.
The company also made a marked leap in its corporate social responsibility (CSR) commitments, investing N13.2 billion—a 469.8% increase—across sectors including education, healthcare, agriculture, infrastructure, and economic empowerment. This significant boost in CSR spend reflects Dangote Cement’s broader commitment to sustainable development across its operational footprint.
In line with its strategy to be a cost, quality, and service leader in every market, Dangote Cement is further investing in capacity expansion. The company is on track to commission a 3 million tonnes per annum (MTA) grinding plant in Côte d’Ivoire, as well as a 6 MTA integrated plant in Itori, Ogun State—both expected to bolster regional supply and market dominance.
In a move to enhance operational efficiency and reduce environmental impact, the company has acquired 1,500 Compressed Natural Gas (CNG) trucks, replacing diesel-fueled vehicles. Plans are already in motion to expand the fleet to 3,000 trucks, reinforcing the company’s dual focus on cost optimization and sustainability.
Dangote Cement’s performance in the current fiscal year signals not only resilience but strategic clarity, anchored on operational excellence, environmental stewardship, and strong shareholder returns.
Dangote Cement Plc kicked off 2025 with an outstanding financial performance, reinforcing its position as a dominant force in the African cement market. The company reported a pre-tax profit of N311.97 billion for Q1 2025, representing a remarkable 87.48% year-on-year increase from N166.40 billion in Q1 2024. This bottom-line strength translated into a profit after tax of N209.25 billion, up 85.71% YoY, highlighting the resilience and efficiency of its operations despite mounting cost pressures.
Key Driver: Revenue growth was central to the quarter’s success, with Q1 2025 revenue reaching N994.66 billion, a 21.69% increase from the same period last year. This growth builds on the company’s impressive performance for the full year ended December 31, 2024, where revenue soared by 62% to N3.58 trillion, up from N2.21 trillion in 2023.
Despite notable increases in cost of sales, administrative expenses, and finance costs, Dangote Cement still delivered a 10.5% growth in profit after tax to N503.25 billion for the full year. This underscores the company’s operational efficiency, as seen in the following key metrics:
- Gross profit rose by 61% to N1.93 trillion
- Profit from operating activities grew by 57% to N1.15 trillion
- Sales volume increased to 27.71 million tonnes, up from 27.28 million tonnes in 2023
The Nigerian operations remained the cornerstone of revenue generation, contributing N2.19 trillion, while Pan-African operations added N1.48 trillion, reflecting the company's strong regional footprint.
To support its future expansion, Dangote Cement also secured a $675 million loan facility from Afreximbank, with a 24-month grace period and a 60-month maturity term, providing further momentum for its ongoing growth initiatives.
In summary, Dangote Cement’s Q1 2025 and FY 2024 results reflect robust revenue generation, strategic cost management, and a clear commitment to expanding its regional presence, setting a solid foundation for continued growth throughout the year.
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