• Dangote Cement recorded a 166.3% surge in net profit for the first nine months of 2025, reaching 743.3 billion naira (approx. $511 million).
• The improved performance stemmed primarily from a 25.85% increase in the average selling price and strong operational efficiency, offsetting a 2% volume drop.
• The Nigerian market remained dominant, driving a 42.4% revenue increase in the region, largely due to a 41.9% rise in local average selling prices.

Dangote Cement, the pan-African cement group owned by Nigerian billionaire Aliko Dangote, announced on Monday, October 27, 2025, that its net profit surged 166.3% during the first nine months of 2025, reaching 743.3 billion naira (approximately $511 million), despite a slight drop in sales volumes. This nine-month profit significantly exceeds the $344.7 million recorded for the entire 2024 fiscal year.

Between January 1 and September 30 of the current year, the group’s revenue reached 3,154 billion naira ($2.17 billion), an increase of 23.2% from the 2,560 billion naira reported during the corresponding period last year. This revenue hike occurred despite a 2% decrease in total sales volume for the review period, which stood at 20.2 million tonnes.

The strong financial performance of Dangote Cement stemmed primarily from a 25.85% increase in the average selling price, which reached 155,875 naira per tonne over the first nine months of 2025. Improved operational efficiency and foreign exchange gains also contributed significantly, according to analysts at the Nigerian brokerage firm CSL Stockbrokers Research.

Unaudited financial statements from Dangote Cement as of September 30, 2025, reveal that the Nigerian market still concentrates the majority of the group’s activities. Revenue from Nigerian operations increased by 42.4% over the first nine months of 2025 compared to the corresponding 2024 period, reaching 2,181 billion naira. A 41.9% increase in the average selling price in Nigeria primarily accounted for this solid performance. Furthermore, sales volume in the Nigerian market increased slightly by 0.4% to 13.21 million tonnes.

Meanwhile, the group's non-Nigerian African operations generated revenue of 1,056 billion naira over the first nine months of the current year, marking a 3.4% decrease compared to the same period last year. A 5% year-on-year drop in sales volume to 7.9 million tonnes largely caused this contraction.

Beyond Nigeria, where the company operates four major cement plants, Dangote Cement maintains operations in ten other African countries: Cameroon, Ghana, South Africa, Republic of Congo, Senegal, Tanzania, Ethiopia, Sierra Leone, Zambia, and Côte d’Ivoire.

This article was initially published in French by Walid Kéfi

Adapted in English by Ange Jason Quenum