Dangote Cement’s Nine-Month Profit Jumps 166% Despite Lower Sales

Dangote Cement simulated ₦612.25 ▼0.70% reported a profit of N743.3 billion in the first nine months of the year, up from N279.09 billion in the same period of 2024.

Its group revenue rose 23.2 percent to N3.15 trillion despite a 2.1 percent drop in sales volumes to 20.2 million metric tonnes.

“The commissioning of our 3Mta Côte d’Ivoire grinding plant in October marks another major step in Dangote Cement’s growth journey, increasing our total installed capacity to 55Mta across Africa,” CEO Arvind Pathak said. “This milestone reinforces our commitment to regional self-reliance and strengthens our position as the continent’s leading cement producer.”

He said although group volumes declined marginally due to softer demand in a few markets, exports from Nigeria grew by 23.0 percent, supported by 27 successful clinker shipments to Ghana and Cameroon.

“We continue to advance our sustainability agenda with the phased delivery of 1,600 CNG-powered trucks that will cut logistics costs and carbon emissions,” he said.

Pathak said the construction of their Itori Integrated Plant “is progressing well and will soon enhance domestic capacity and open new export opportunities”.

“Looking ahead to the final quarter of the year, our focus remains on sustaining earnings momentum, deepening efficiency, and executing our long-term growth strategy,” he added.