Dangote Cement Boosts Nigerian Exports by 18.2%, Reports N520.5 Billion in Net Profit for H1 2025

Dangote Cement Plc has disclosed a net profit of N520.5 billion for the first half of 2025, marking a significant leap in its financial performance.

The company also recorded an 18.2% rise in export activities from Nigeria, underlining its role in strengthening the nation’s non-oil revenue generation and foreign exchange inflows.

According to the unaudited half-year 2025 financial statements filed with the Nigerian Exchange, Dangote Cement’s group revenue increased by 17.7%, reaching N2.072 trillion, up from N1.760 trillion recorded during the same period in 2024.

The company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) at the group level soared by 41.8%, amounting to N944.9 billion, compared to N666.22 billion in H1 2024. Meanwhile, the EBITDA specifically from Nigerian operations saw a substantial increase of 82.4% year-on-year, standing at N845.4 billion.

Profit after tax jumped by an astounding 174.1%, rising to N520.455 billion, compared to N189.904 billion in the previous year. Additionally, the earnings per share (EPS) increased by 173%, moving from N11.26 in H1 2024 to N30.74 in the current period.

Despite these strong financials, the company noted a 4.1% dip in total group volumes, falling to 13.4 million metric tonnes (Mt). However, export volumes from Nigeria remained a bright spot, with 18 clinker shipments delivered to Ghana and Cameroon. Cement and clinker exports rose by 18.2%, totaling 671.1 thousand tonnes (Kt).

Leadership Speaks on H1 Performance

Arvind Pathak, CEO of Dangote Cement, stated, “We are pleased to report solid outcomes for the first half of 2025, which underscore our company’s resilience and adaptability in response to positive shifts in macroeconomic fundamentals.”

He further noted that the revenue growth was driven by both strategic pricing initiatives and sustained market demand. The emphasis on operational efficiency and cost control has begun to yield clear benefits, as seen in the strong EBITDA and profit margins.

“Our group EBITDA surged by 41.8%, while net profit skyrocketed by 174.1%, exceeding the total profit for the entire year of 2024 within just six months,” Pathak added. “This milestone showcases the impact of our disciplined strategy, robust cost leadership, and long-term investments.”

While acknowledging the decline in overall group volume, Pathak emphasized the positive momentum in exports. “We remain encouraged by the consistent rise in our export business. Nigeria’s export volume grew by 18.2%, with 18 successful clinker shipments dispatched to Ghana and Cameroon,” he said.

This underscores Dangote Cement’s growing importance across the African continent and its commitment to enhancing regional trade and economic self-sufficiency.

Advancing Sustainability and Operational Efficiency

Pathak also highlighted efforts to strengthen the company’s cost structure. As part of this initiative, the company began deploying 1,600 new Compressed Natural Gas (CNG)-powered trucks, a move aimed at reducing logistics expenses and improving environmental sustainability.

Additionally, he expressed confidence in the leadership team, especially with the recent appointment of Emmanuel Ikazoboh as chairman, emphasizing the company’s readiness to explore new avenues for sustainable growth and long-term profitability.

“As we step into the second half of 2025, our focus remains on innovative expansion, deepening our pan-African operations, and generating sustainable returns for our shareholders,” Pathak concluded.