Dangote Cement Plc, Africa’s largest cement manufacturer, reported a pre-tax profit of N311.974 billion for the first quarter of 2025, marking an 87.48% year-on-year increase from N166.404 billion in Q1 2024.
The company’s unaudited financial results, released on April 26, 2025, also showed a profit after tax of N209.245 billion, up 85.71% from N112.674 billion in the same period last year. Revenue for the quarter reached N994.659 billion, a 21.69% rise from the previous year, driven by strong performance in the Nigerian market.
The Nigerian segment contributed N696.042 billion to group revenue, accounting for 69.98% of the total, up from 55.41% in Q1 2024. Despite a 7.41% decline in production volume to 6.547 million tons and a 6.72% drop in sales volume to 6.569 million tons, the company maintained its production capacity at 52 million metric tons.
The robust financial performance was attributed to improved pricing strategies, cost optimization, and increased demand in Nigeria’s construction sector. Arvind Pathak, CEO of Dangote Cement, credited the results to the company’s focus on operational efficiency and market expansion. Analysts view the performance as a positive signal for Nigeria’s industrial sector, though challenges such as rising energy costs and foreign exchange volatility remain.