Dangote Cement (DANGCEM) Q4 2025 earnings summary

Executive summary

• Achieved record profit after tax (PAT) of N1,014.9B, more than double FY 2024, with revenue up 20% to N4,306.7B and EBITDA up 43% to N1,981.1B, despite softer group volumes and challenging macroeconomic conditions.

• Commissioned a 3Mta Côte d'Ivoire grinding plant, expanded export capacity, and delivered 3,000 CNG trucks to drive cost savings and sustainability.

• Declared a 50% higher dividend at N45.00/share, with cumulative dividends over N3.3 trillion in 14 years.

Financial highlights

• Group revenue rose 20% year-over-year to N4,306.7B; EBITDA increased 43% to N1,981.1B, with margin expanding to 46%.

• PAT surged 102% to N1,014.9B; EPS up 101% to N59.86.

• Gross margin improved to 62% from 54% year-over-year.

• Nigeria revenue up 35% to N2,956.5B; EBITDA up 62% to N1,763.5B at a 60% margin.

• Pan-Africa revenue down 2% to N1,456.0B; EBITDA down 15% to N294.1B at a 20% margin.

Outlook and guidance

• Targeting installed capacity of 80Mta by 2030 through greenfield and brownfield projects.

• Plans to reach 10Mt of cement and clinker exports by 2030; $400M investment to double Ethiopia plant.

• Expecting high single-digit volume growth in Nigeria and Pan-Africa, leveraging strategic investments.