Nigeria: Dangote Cement's Half-Year Profit Climbs 23 Percent to ₦639 Billion On Sales Growth
Turnover climbed to ₦2.5 trillion as production volume rose 10 percent and finance costs fell more than half, boosting core profitability.
- Dangote Cement posted 22.7 per cent profit growth for the first half of 2026, with turnover reaching ₦2.5 trillion from ₦2.1 trillion. Profit after tax surged to ₦638.5 billion from ₦520.5 billion, aided by a 10 per cent rise in production volume.
- The EBITDA margin reached 47.3 per cent, driven by robust operating profit performance in the Nigerian unit. Finance costs dropped more than half to ₦112.1 billion, providing significant tailwind for the manufacturer's bottom-line growth during the period.
- Total assets advanced 9.6 per cent to ₦6.6 trillion, boosted by sharply higher cash and cash equivalents. The company plans to expand capacity from 55 MTPA to 80 MTPA by 2030, with clinker contributing significantly to Nigerian operation exports.
- Lagos-Based investment management firm Cardinal Stone projects the manufacturer will hit ₦4.8 trillion in annual revenue this year. The forecast anchors optimism on rapid infrastructure development in Congo, Tanzania and Cameroon, where the company maintains operations.
- The six-month revenue average of ₦2.4 trillion indicates Dangote Cement's performance is already outpacing analysts' projections. This trajectory suggests strong momentum as the corporation pursues its medium-term expansion strategy through 2030.
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Dangote Cement H1 2026 Profit Climbs 34% Amid Strong Demand
Dangote Cement has posted a robust 34% profit increase for the first half of 2026, driven largely by its dominant performance in the Nigerian market and disciplined financial management. The post Dangote Cement’s H1 2026 Surge: The Strategy Behind the 34% Profit Jump appeared first on Business Elites Africa.
Dangote Cement's H1 2026 profit jumps 34% as Nigeria carries Group
Dangote Cement closed out the first half of 2026 with one of its strongest quarterly profit growths in years, with Nigeria doing the heavy lifting, costs stayed under control, and a shrinking debt profile. The post Dangote Cement’s H1 2026 profit jumps 34% as Nigeria carries Group appeared first on Nairametrics.
Dangote Cement Grows H1 Profit By 23% As Revenue Tops N2.5 Trillion
Dangote Cement Plc delivered a strong financial performance in the first half (H1) of 2026, reporting double-digit growth in revenue, profit and sales volumes as improved operational efficiency, stronger export activity and higher demand across key markets boosted earnings. According to the company’s unaudited results for the six months ended June 30, 2026, group revenue […] The post Dangote Cement Grows H1 Profit by 23% as Revenue Tops N2.5 Tri…
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