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.
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