Dangote Cement Reports ₦2.07 Trillion Half-Year Revenue, Profit After Tax Soars 174%

Dangote Cement Plc has released its unaudited financial results for the three months and six months ended June 30, 2025, reporting record-breaking revenue and profitability.

The company delivered its strongest half-year performance in history, driven by operational efficiency, robust demand, and export growth.

For the half year, group revenue rose 17.7% to ₦2.07 trillion from ₦1.76 trillion in the corresponding period of 2024.

Profit after tax surged by 174.1% to ₦520.46 billion, compared to ₦189.90 billion a year earlier. Basic earnings per share rose significantly to ₦30.74 from ₦11.26 recorded in H1 2024.

Strong Quarterly and Half-Year Growth

In the second quarter alone, revenue climbed to ₦1.07 trillion, up from ₦942.71 billion in Q2 2024. Profit before tax in Q2 stood at ₦418.06 billion, representing more than a threefold increase from ₦126.55 billion in the same period last year. Profit after tax for the quarter reached ₦311.21 billion, compared with ₦77.23 billion in Q2 2024.

The company’s operating activities yielded ₦810.98 billion for the six months, a sharp increase from ₦551.60 billion in H1 2024. Gross profit stood at ₦1.22 trillion for the half year, up from ₦926.78 billion in the same period of 2024.

Operating Expenses and Income Performance

Administrative expenses for the half year rose to ₦124.28 billion, compared with ₦98.75 billion a year earlier, while selling and distribution costs also rose to ₦321.39 billion from ₦304.47 billion in H1 2024.

Other income for the six months reached ₦39.94 billion, higher than ₦28.96 billion in the prior year.

Finance income more than quadrupled year-on-year to ₦113.26 billion, while finance costs were contained at ₦216.16 billion, down from ₦332.52 billion in H1 2024.

Profitability Highlights

• Profit before tax: ₦730.03 billion (H1 2025) vs. ₦292.96 billion (H1 2024).

• Profit after tax: ₦520.46 billion (H1 2025) vs. ₦189.90 billion (H1 2024).

• Earnings per share: ₦30.74 (H1 2025) vs. ₦11.26 (H1 2024).

• Non-controlling interests: ₦5.56 billion in H1 2025 compared with ₦1.35 billion in H1 2024.

Market Outlook

The company attributed the exceptional performance to rising domestic demand, export growth, and improved cost management.

Export volumes from Nigeria continued to strengthen with clinker shipments boosting the company’s regional market footprint.

With ongoing capacity expansions in Côte d’Ivoire and Itori, Nigeria, Dangote Cement’s installed capacity is set to rise from 52.0Mta to 61.0Mta, positioning the company for sustained growth across Sub-Saharan Africa.

The results reaffirm Dangote Cement’s dominance as Africa’s largest cement producer and underscore its role as a major driver of Nigeria’s industrial and economic growth.