By Chukwuma Umeorah
Dangote Cement Plc has reported a profit after tax (PAT) of N311.2 billion for the second quarter ended June 30, 2025, representing a 303 per cent jump compared to N77.2 billion recorded in the corresponding period of 2024.
The performance, contained in the company’s unaudited financial results, coincides with the announcement that Aliko Dangote has stepped down as Chairman of the company’s board.
In the quarter under review, revenue rose to N1.08 trillion from N942.7 billion in Q2 2024, while gross profit stood at N630.6 billion, up from N507.6 billion. Profit before tax (PBT) climbed significantly to N418.06 billion, from N126.55 billion, even as earnings per share more than quadrupled to N18.44 from N4.57 year-on-year (YoY).
For the half-year period, group revenue rose by 17.7 per cent to N2.07 trillion, up from N1.76 trillion in the same period of 2024. Profit after tax for the six months surged to N520.5 billion, compared to N189.9 billion in H1 2024. The group’s EBITDA grew by 41.8 per cent to N944.9 billion, with the Nigerian operations contributing N845.4 billion, reflecting an 82.4 per cent increase. Profit before tax for the half-year stood at N730 billion, while total comprehensive income attributable to owners of the company was N533.1 billion.
The performance was supported by increased cement sales volumes across Nigeria and pan-African operations, improved energy efficiency, and expanded clinker exports to Ghana and Cameroon. Dangote Cement exported 18 clinker shipments during the period, demonstrating its deepening involvement in regional trade.
Alongside the financial results, the company announced that its founder and long-serving Chairman, Aliko Dangote, has retired from the board to focus on his ‘other critical projects’, including the Dangote Petroleum Refinery, petrochemicals, and fertiliser businesses. He is succeeded by Emmanuel Ikazoboh, an independent non-executive director and former Chairman of Deloitte West and Central Africa. Commenting on his exit, Dangote stated, “This decision aligns with our long-term succession strategy and will allow me to devote more time to supporting the Group’s broader strategic interests.” The board also confirmed the appointment of Hajiya Mariya Aliko Dangote as a non-executive director, while Prof. Dorothy Ufot has retired from the board.
Accepting the role of Chairman, Ikazoboh said, “It is an honour to chair a company that has become Africa’s largest cement manufacturer. I will continue to build on the foundation laid, focusing on innovation, sustainability, and creating value for all stakeholders.”
The company maintains a total installed capacity of 52 million tonnes per annum (Mta) across the continent, including 35.25 Mta in Nigeria. With the completion of ongoing projects in Itori (6 Mta) and Côte d’Ivoire (3 Mta) expected later in the year, the Group’s capacity is projected to reach 61 Mta by year-end.
Despite macroeconomic headwinds, including inflation and exchange rate pressures, the company remained profitable, with shareholders’ equity rising to N2.22 trillion and cash and cash equivalents closing the half-year at N301 billion.
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