Dangote Cement Records 165% Surge in EPS, Strengthens Market Dominance Across Africa

Dangote Cement Records 165% Surge in EPS, Strengthens Market Dominance Across Africa

Lagos, Nigeria — Dangote Cement Plc has reported an impressive financial performance for the nine months ended September 30, 2025, posting a 164.8% rise in Earnings Per Share (EPS) from ₦16.55 in 2024 to ₦43.80, underscoring its strong operational efficiency and strategic expansion across Africa.

According to the company’s unaudited results, Group revenue grew by 23.2% to ₦3,154.8 billion, up from ₦2,560.6 billion recorded in the corresponding period of 2024. Group EBITDA also rose by 57.7%, from ₦908.7 billion to ₦1,428.2 billion, while Profit After Tax (PAT) jumped by a remarkable 166.3% to ₦743.3 billion, compared to ₦279.1 billion in the same period last year.

The strong results were attributed to enhanced efficiency, resilient market demand, and the successful commissioning of a new 3Mta grinding plant in Côte d’Ivoire, which expanded Dangote Cement’s total installed capacity to 55 million tonnes per annum (Mta) across Africa.

Commenting on the company’s performance, Arvind Pathak, Chief Executive Officer of Dangote Cement Plc, said the new Côte d’Ivoire facility marked a key milestone in the company’s growth trajectory.

“The commissioning of our 3Mta Côte d’Ivoire grinding plant marks a significant milestone in our growth journey. It strengthens our position as Africa’s leading cement producer and underscores our commitment to regional self-reliance,” Pathak stated.

He explained that the company’s strong revenue growth was driven by proactive management strategies, disciplined cost control, and a favourable energy mix in Nigeria, which reduced production and logistics costs. Exports from Nigeria also rose by 23%, supported by 27 clinker shipments to Ghana and Cameroon.

Pathak also highlighted the company’s sustainability initiatives, noting the ongoing deployment of 1,600 CNG-powered trucks to cut logistics costs and carbon emissions. Additionally, work on the Itori Integrated Plant in Ogun State is progressing, with the project expected to enhance domestic capacity and unlock new export opportunities.

“Our focus remains on sustaining earnings momentum, enhancing operational efficiency, and executing our long-term growth strategy. With a clear direction and a strong balance sheet, Dangote Cement is well-positioned to continue delivering superior value to stakeholders,” he added.

The company’s performance builds on its record-breaking half-year results earlier in 2025, when it reported a 17.7% increase in revenue to ₦2,071.6 billion, 41.8% growth in EBITDA to ₦944.9 billion, and a 174.1% jump in PAT to ₦520.5 billion — the highest in its history.

With 35.25Mta of production capacity in Nigeria alone, Dangote Cement operates an integrated quarry-to-customer model through plants in Obajana (Kogi State) – 16.25Mta across five lines; Ibese (Ogun State) – 12Mta across four lines; Gboko (Benue State) – 4Mta; and Okpella (Edo State) – 3Mta.

Beyond Nigeria, Dangote Cement maintains a strong footprint in Cameroon, Congo, Ghana, Ethiopia, Senegal, Sierra Leone, South Africa, Tanzania, Zambia, and Côte d’Ivoire, reinforcing its leadership as Africa’s largest cement producer and a major driver of regional industrialization.

Through sustained investments and innovation, the company has not only eliminated Nigeria’s dependence on cement imports but has also transformed the country into a net exporter of cement and clinker, solidifying its role as a catalyst for economic growth across the continent.