By Dangote Cement Plc recorded a major leap in profitability for the first quarter ended March 31, 2025, declaring a profit after tax of N209.245 billion — an 85.7 per cent increase from N112.674 billion posted in the same period of 2024. Earnings per share also rose sharply by 84.0 per cent to N12.29, up from N6.68 last year.
The company’s unaudited Q1 results showed Group revenue grew by 21.7 per cent to N994.659 billion from N817.350 billion in 2024, driven by price adjustments across markets to match inflation trends. However, pan-African revenues fell by 15.4 per cent to N322.7 billion, largely due to lower sales volumes in the quarter.
Group earnings before interest, taxes, depreciation, and amortisation (EBITDA) surged by 49.2 per cent to N461.639 billion, with the margin strengthening to 46.4 per cent from 37.9 per cent a year earlier. Operating highlights revealed group volumes dipped by 6.7 per cent to 6.6 million tonnes, while cement and clinker exports from Nigeria rose by 21.2 per cent.
Speaking on the performance, chief executive officer Arvind Pathak said, “The Company delivered a strong and resilient performance in the first quarter of 2025, despite facing persistent macroeconomic challenges across our key markets.” He added, “Group revenue rose by 21.7 per cent to N994.7 billion, supported by strategic pricing initiatives, particularly in Nigeria where revenue grew by 53.7 per cent.”
Pathak noted that cost containment played a key role, especially in Nigeria where EBITDA margins improved from 49.7 per cent to 56.7 per cent. “Despite softer demand and inflationary pressures, we strengthened our export capabilities, growing export volumes by 21.2 per cent with eight clinker shipments to Ghana and Cameroon,” he stated.
Highlighting future priorities, Pathak said the company remains focused on driving profitability, expanding its export footprint, and pursuing sustainable growth initiatives. “These efforts are designed to fuel sustainable growth and create lasting value across our operations in Africa,” he added.
