Dangote Cement’s half-year profit climbs 23% to ₦639 billion on sales growth

Dangote Cement, sub-Saharan Africa's largest cement producer, has announced a robust financial performance for the first half of the year, with its bottom line growing by 22.7% compared to the same period in 2025. The company's profit surged to ₦639 billion, primarily fueled by increased revenue from both cement and clinker sales.

Turnover for the period climbed to ₦2.5 trillion from ₦2.1 trillion, a growth attributed in part to a 10% rise in production volume. The company's Nigerian operations saw significant contributions from clinker exports, a key material in cement production. Furthermore, Dangote Cement benefited from reduced cost pressures, notably a more than halving of finance costs, which dropped to ₦112.1 billion.

The company is pursuing an ambitious medium-term expansion plan, aiming to increase its production capacity from 55 MTPA to 80 MTPA by 2030. This expansion is expected to capitalize on rapid infrastructure development across key African markets where Dangote Cement has a presence, including Congo, Tanzania, and Cameroon.

Analysts remain optimistic about Dangote Cement's prospects. Investment management firm Cardinal Stone projects the manufacturer to reach ₦4.8 trillion in revenue this year, surpassing its 2025 revenue of ₦4.3 trillion. The company's EBITDA margin, a measure of core profitability, stood at a healthy 47.3%, an improvement from 45.6% a year ago, driven by strong operating performance in its Nigerian unit. Pre-tax profit also saw a substantial increase, expanding by over one-third to ₦981.4 billion.