Onome Amuge
Dangote Cement Plc has posted a robust financial result for the nine months ended September 30, 2025, as the Nigerian industrial giant leverages regional expansion and operational efficiency to strengthen its dominance across Africa’s cement market.
The company reported a 164.8 per cent rise in earnings per share (EPS), from N16.55 to N43.80, showcasing healthy profitability and enhanced shareholder returns. Group revenue increased by 23.2 per cent to N3,154.8 billion, up from N2,560.6 billion in the same period last year. EBITDA jumped 57.7 per cent to N1,428.2 billion, while profit after tax (PAT) rose 166.3 per cent to N743.3 billion.
Analysts attribute the growth to a combination of strategic capacity expansion, cost management, and resilient market demand. A key driver was the commissioning of a 3 million tonnes per annum (Mta) grinding plant in Côte d’Ivoire, which has raised Dangote Cement’s total installed capacity across Africa to 55Mta. The move strengthens the company’s pan-African footprint and underscores its commitment to reducing the continent’s reliance on imported cement.
“The commissioning of our Côte d’Ivoire grinding plant marks a major milestone in our growth journey. It reinforces our position as Africa’s leading cement producer and supports regional self-reliance,” said Arvind Pathak, chief executive officer.
In Nigeria, the company achieved significant cost efficiencies. A more favourable energy mix helped lower cash costs, while disciplined operational management boosted productivity across its domestic plants. Exports rose 23 per cent, driven by 27 clinker shipments to Ghana and Cameroon, highlighting Dangote Cement’s role as a net exporter of cement and clinker in West Africa.
The company is also pursuing sustainability initiatives, including the phased deployment of 1,600 compressed natural gas (CNG)-powered trucks, aimed at reducing logistics costs and carbon emissions. Meanwhile, work on the Itori Integrated Plant is underway, expected to enhance domestic capacity and open new export opportunities.
Dangote Cement’s fully integrated model (from quarry to customer) remains a competitive advantage. Its Nigerian facilities include Obajana (Kogi State, 16.25Mta across five lines), Ibese (Ogun State, 12Mta across four lines), Gboko (Benue State, 4Mta) and Okpella (Edo State, 3Mta). The company also operates across Cameroon, Congo, Ghana, Ethiopia, Senegal, Sierra Leone, South Africa, Tanzania, Zambia, and Côte d’Ivoire.
The company’s performance builds on strong first-half results, when revenue reached N2,071.6 billion, EBITDA increased 41.8 per cent to N944.9 billion, and PAT rose 174.1 per cent to N520.5 billion. Analysts view these figures as evidence of Dangote Cement’s resilience amid volatile commodity prices and regional infrastructure demand.
Industry observers note that the company’s regional expansion strategy aligns with Africa’s growing urbanisation and infrastructure development, positioning it to benefit from rising construction activity. By combining scale, operational efficiency, and export-oriented growth, Dangote Cement has established a near-unassailable position in the continent’s cement market.
Looking ahead, Pathak emphasised the company’s commitment to sustaining earnings momentum, enhancing operational efficiency, and executing its long-term growth strategy. “With a clear strategic direction and a strong balance sheet, Dangote Cement is well-positioned to continue delivering superior value to stakeholders,” he said.
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