Dangote Cement revenue growth reaches ₦2.5tn in H1 2026 as strong Nigerian demand, efficiency gains and lower finance costs lift profits

Dangote Cement Plc has reported a significant rise in revenue for the first half of 2026, driven by strong domestic demand, improved operational performance and steady growth across its African markets.

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The company recorded group revenue of ₦2.514 trillion for the six months ended June 30, 2026, representing a 21.35 per cent increase from the ₦2.072 trillion reported during the same period in 2025, according to unaudited financial statements submitted to the Nigerian Exchange Limited (NGX).

Nigeria remained the largest contributor to the company’s performance, with domestic revenue rising by 25.17 per cent to ₦1.805 trillion, compared with ₦1.442 trillion in the first half of the previous year.

The company said local operations benefited from sustained cement demand, with domestic sales accounting for 9.70 million metric tonnes of the group’s total 14.94 million metric tonnes sold during the period.

Dangote Cement’s Nigerian operations generated ₦1.086 trillion in earnings before interest, taxes, depreciation and amortisation (EBITDA), highlighting the importance of the domestic market to the company’s overall performance.

Its Pan-African operations also recorded growth, generating ₦775.35 billion in revenue, a 13.67 per cent year-on-year increase, while contributing ₦136.57 billion to group EBITDA.

The strong revenue performance translated into higher profitability across key indicators. Gross profit increased by 30.51 per cent to ₦1.590 trillion, while operating profit rose by 30.66 per cent to ₦1.060 trillion.

Profit before tax climbed by 34.43 per cent to ₦981.39 billion, supported by a reduction in net finance costs, which fell to ₦112.11 billion from ₦216.16 billion a year earlier.

Net profit for the period stood at ₦638.53 billion, representing a 22.69 per cent increase, while basic earnings per share improved by 24.33 per cent to ₦38.22.

The company maintained its momentum in the second quarter of 2026, recording revenue of ₦1.316 trillion between April and June, up 22.19 per cent from ₦1.077 trillion in the same period of 2025.

Second-quarter profit before tax increased by 34.01 per cent to ₦560.22 billion, while quarterly net profit reached ₦317.44 billion.

Despite wider economic pressures affecting production and logistics costs, Dangote Cement said cost increases remained below revenue growth. Production cost of sales rose by 8.29 per cent to ₦924.31 billion, with fuel and power expenses accounting for ₦384.49 billion and raw materials contributing ₦225.41 billion.

Selling and administrative expenses were affected by higher logistics costs, with haulage expenses rising to ₦318.60 billion amid continued energy and transportation pressures.

The company also strengthened its balance sheet during the period, with total assets increasing by 9.62 per cent to ₦6.622 trillion and net assets rising by 21 per cent to ₦3.170 trillion.

The latest results reinforce Dangote Cement’s position as one of Africa’s largest industrial companies and Nigeria’s most valuable manufacturing firms by market capitalisation.

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The company’s performance comes amid continued efforts by manufacturers to manage inflationary pressures while meeting rising demand across key African markets.