In its unaudited results for the 1Q25, Dangote Cement posted a 21.7 per cent YoY increase in revenue to NGN994.7bn (US$617.9m) from NGN817.4bn in the 1Q24. The company attributes the growth to strategic pricing initiatives, particularly in Nigeria, where revenue advanced by 53.7 per cent YoY.
However, group volumes were down 6.7 per cent YoY to 6.6Mt in the 1Q25. Softer demand and higher inflation across key markets impacted on sales volumes. However, export volumes grew 21.2 per cent, bolstered by eight clinker shipments to Ghana and Cameroon.
Gross profit increased 40.1 per cent YoY to NGN587.4bn from NGN419.2bn in the 1Q24 while EBITDA were up by 49.2 per cent YoY to NGN461.6bn from NGN309.4bn. The company’s EBITDA margin improved to 56.7 per cent from 49.7 per cent, as costs were contained.
Dangote Cement also posted a profit after tax of NGN209.2bn in the 1Q25, up 85.7 per cent YoY from NGN112.7bn in the 1Q24.
Commenting on the results, the Dangote Cement’s CEO, Arvind Pathak, said, “Dangote Cement delivered a strong and resilient performance in the first quarter of 2025, despite facing persistent macroeconomic challenges across our key markets.
“Group revenue rose by 21.7 per cent to NGN994.7bn, supported by strategic pricing initiatives, particularly in Nigeria, where revenue grew by 53.7 per cent. We also achieved a notable improvement in profitability. Group EBITDA grew by 49.2 per cent to NGN461.6bn, with the EBITDA margin strengthening to 46.4 per cent.”
He added, “We made measurable progress on our sustainability journey during the quarter, with increased use of alternative fuels, expansion of waste heat recovery infrastructure, and firm steps towards our medium-term decarbonisation roadmap.
"As we look to the future, our focus remains unwavering on driving sustained profitability, expanding our export presence, and executing strategic long-term investments. These efforts are designed to fuel sustainable growth and create lasting value across our operations in Africa.”
