Aliko Dangote’s cement company profit nearly triples to $508 million

Africa’s largest cement producer, Dangote Cement Plc, led by Nigerian billionaire Aliko Dangote, reported a near threefold rise in profit for the nine months ended Sept. 30, 2025. With its nine-month profit now above $500 million, this is a milestone in Nigeria’s corporate history.

Profit for the period surged from N279.1 billion ($191.1 million) in the same period of 2024, reflecting impressive earnings growth during the period under review and improved operational efficiency. By comparison, the company had posted N503 billion ($344.7 million) in profit for the full year 2024 on revenue of N3.58 trillion ($2.45 billion).

Nigeria leads revenue growth surge

Revenue climbed to N3.15 trillion ($2.16 billion) in the nine months ended Sept. 30, 2025, from N2.56 trillion ($1.75 billion) a year earlier, supported by higher cement prices. While total cement sales fell slightly from 20.67 million tonnes to 20.24 million tonnes, the increase in pricing more than offset the dip in volume.

The company’s Nigerian operations continued to lead with revenue rising from N1.53 trillion ($1.05 billion) in 9M 2024 to N2.18 trillion ($1.49 billion) in 9M 2025. Meanwhile revenue from its pan-African operations, covering markets outside Nigeria, declined marginally to N1.056 trillion ($724.1 million) from N1.093 trillion ($749 million).

Dangote Cement boosts regional trade

With a production and bagging capacity of 52 million tonnes per year, Dangote Cement remains a central player in regional trade, exporting cement to countries such as Cameroon, Ghana and Congo. The company has been instrumental in reducing Nigeria’s dependence on imported cement and positioning the country as a key exporter in Sub-Saharan Africa.

With a focus on cost management, cash generation and expansion across the continent, the cement behemoth continues to reinforce its market leadership while delivering value to shareholders. Thanks to its impressive financial performance, total assets rose to N5.74 trillion ($3.94 billion) as of Sept. 30, 2025, from N4.34 trillion ($2.97 billion) a year earlier, while retained earnings declined to N1.27 trillion ($870 million) from N2.22 trillion ($1.52 billion).
(Billionaires Africa)