Dangote Cement revenue hits N2tn on strong local demand

Dangote Cement Plc, Africa’s largest cement manufacturer and the most capitalised industrial firm on the Nigerian Exchange Limited, has reported a group revenue of N2.514tn for the half-year ended 30 June 2026.

According to unaudited financial statements submitted to the NGX on Wednesday, the figure represents a 21.35 per cent increase compared to the N2.072tn recorded in the corresponding period of 2025, driven largely by sustained local demand and strong operational efficiency across key African markets.

The company’s growth momentum was firmly anchored by its domestic operations, where revenue expanded by 25.17 per cent to reach N1.805tn during the six months, up from N1.442tn in the first half of 2025.

Domestic demand accounted for 9.70m metric tonnes of the total 14.94m metric tons sold across the group, delivering N1.086tn in earnings before interest, taxes, depreciation, and amortisation.

Meanwhile, Pan-African operations maintained steady top-line growth, generating N775.35bn in revenue, a 13.67 per cent year-on-year rise, and contributing N136.57bn to group EBITDA.

Strong top-line expansion translated into double-digit profitability gains across all performance metrics. Gross profit rose 30.51 per cent to N1.590tn from N1.218tn in H1 2025, while operating profit gained 30.66 per cent to close at N1.060tn.

Driven by a significant reduction in net finance costs, which fell to N112.11bn from N216.16bn as foreign exchange losses and interest charges eased, profit before tax surged 34.43 per cent to N981.39bn. Consequently, net income for the period settled 22.69 per cent higher at N638.53bn, raising basic earnings per share by 24.33 per cent to N38.22.

The industrial giant sustained its growth momentum into the second quarter of the year, generating N1.316tn in revenue between April and June 2026, marking a 22.19 per cent increase over the N1.077tn posted in the second quarter of 2025. Second-quarter profit before tax jumped 34.01 per cent to N560.22bn, while net profit for the quarter closed at N317.44bn compared to N311.21bn recorded in the same three-month window last year.

Despite ongoing operational and macroeconomic pressures, cost increases remained contained below revenue growth. Total production cost of sales edged up 8.29 per cent to N924.31bn, primarily driven by fuel and power consumption of N384.49bn and raw material costs of N225.41bn.

Selling and administrative expenses saw haulage costs increase to N318.60bn due to energy and logistics pressures. Over the period, the group expanded its overall balance sheet, increasing total assets 9.62 per cent to N6.622tn and boosting net assets 21.00 per cent to N3.170tn, positioning the firm to maintain positive investor sentiment on the exchange.