Lagos, Nigeria – July 29, 2025 – Dangote Cement Plc, Africa’s largest cement producer, is enjoying a record-breaking financial year, with net profits in the first half of 2025 surpassing its full-year 2024 earnings. This performance is being driven by stable foreign exchange rates, strong pricing power, disciplined cost management, and expanded Pan-African exports.
Although full Q2 2025 results are yet to be officially released, verified Q1 and H1 data provide clear evidence of the company’s explosive momentum.
Q1 2025 Key Figures
- PAT rose to ₦209.2 billion, up 85.7% from ₦112.7 billion in Q1 2024.
- Revenue surged to ₦994.66 billion (+21.7%), primarily on the back of a 53.7% rise in Nigerian operations.
- Sales volumes dropped by 6.7% YoY (~6.6 million tonnes), indicating strong price realization.
- EBITDA improved by 49%, reaching ₦461.6 billion with margin expansion from 49.7% to 56.7%.
Strategic Growth Drivers
1. Currency Stability Fueling Profitability
The Nigerian naira stabilized within the ₦1,550–₦1,600/USD range during H1 2025, significantly easing the FX-related pressures that caused ₦201 billion in losses during H1 2024. This helped improve net monetary gains and supported margin recovery.
2. Pricing Power Amid Volume Dip
Despite a slight dip in volume (-1.4% estimated for Q2), average selling prices rose sharply. Cement demand remained robust, driven by major infrastructure projects such as:
- The Lagos–Calabar coastal highway
- Rural roads under the FG’s Renewed Hope Infrastructure Scheme
3. Operational Efficiencies & Sustainability
Dangote Cement has deepened its investment in alternative fuels, waste heat recovery systems, and energy-efficient kilns. These measures have helped curb costs while supporting the group’s long-term decarbonization targets.
4. Pan-African Export Growth
The company expanded clinker exports to Ghana and Cameroon, with 18 export shipments completed in H1 2025. Regional trade diversification continues to buffer domestic market volatility.
Major Expansion: Itori Cement Plant
In March 2025, Dangote Cement resumed construction of its $800 million Itori cement plant in Ogun State. The new facility will add 6 million tonnes per annum (Mtpa) to the company’s Nigerian output when completed in November 2026, raising total Pan-African capacity to 61 Mtpa.
Q2 2025 Outlook (Based on Estimates)
Though full Q2 2025 audited figures are pending, the company’s pre-tax profit of ₦418 billion for the quarter suggests Q2 net profit could exceed ₦300 billion, a massive leap from ₦76.6 billion in Q2 2024.
Anticipated Trends:
- Continued margin growth driven by stable FX
- Enhanced regional exports
- Further rollout of energy-saving infrastructure
- Rising domestic demand tied to public and private construction
Analyst Takeaway
With H1 2025 net profit already exceeding the full-year 2024 profit of ₦503.2 billion, Dangote Cement is outperforming expectations on nearly every metric. The combination of FX stability, pricing strength, operational discipline, and export expansion cements its position as Africa’s dominant cement manufacturer.
CEO Arvind Pathak emphasized the group’s strategy to deepen trade across at least ten African markets while ramping up capacity and sustainability goals.
Editor’s Note – Interface Africa
Once Dangote Cement releases its full Q2 2025 results, Interface Africa Magazine will publish an in-depth analysis and visual report. This will include comparisons across quarters, investment projections, and regional market breakdowns.
Stay tuned.
