Dangote Cement Plc has posted a remarkable profit after tax of N209.2bn for the first quarter ended 31 March 2025, marking an 85.7 per cent increase from the N112.7bn recorded during the same period in 2024.
The group’s unaudited financial results, which were recently filed with the Nigerian Exchange Limited, show a 21.7 per cent growth in revenue, reaching N994.7bn, up from N817.4bn in the first quarter of the previous year. The growth is largely attributed to strategic pricing initiatives, particularly in Nigeria, where revenue grew by 53.7 per cent.
Dangote Cement also saw significant improvements in profitability. Gross profit rose to N587.4bn, compared to N419.2bn in 2024, while profit before tax increased by 87 per cent to N312bn, up from N166.4bn the previous year. The group’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) surged by 49.2 per cent to N461.6bn, with the EBITDA margin strengthening to 46.4 per cent, up from 40.7 per cent in Q1 2024.
In Nigeria alone, the EBITDA margin improved significantly, rising from 49.7 per cent to 56.7 per cent, driven by effective cost-containment strategies. However, group volumes declined by 6.7 per cent to 6.6 million tonnes, reflecting softer demand and inflationary pressures across key markets. Despite this, export volumes grew by 21.2 per cent, supported by shipments of clinker to Ghana and Cameroon.
Arvind Pathak, the Chief Executive Officer of Dangote Cement, commented on the results, emphasizing the company’s strong performance despite facing persistent macroeconomic challenges. He highlighted the success of strategic pricing initiatives in Nigeria, which played a key role in driving revenue growth.
The company also made significant progress in its sustainability efforts, including increased use of alternative fuels, expansion of waste heat recovery infrastructure, and steps towards its decarbonisation roadmap.
In terms of its financial position, Dangote Cement’s total assets stood at N6.45tn as of 31 March 2025, a slight increase from N6.4tn in December 2024. Total liabilities amounted to N4.07tn, a decrease from N4.23tn at the end of 2024, while net assets stood at N2.58tn at the end of the quarter.
Earnings per share saw a notable increase to N12.29 from N6.68 a year earlier, reflecting an 84 per cent increase.
Despite foreign currency exchange losses under other comprehensive income, the group reported a total comprehensive income of N197.4bn for the quarter, down from N523bn recorded in Q1 2024.
