Dangote Cement Posts ₦638.5bn Profit, Revenue Hits ₦2.51tn in H1 2026

Dangote Cement Plc has reported a strong financial performance for the first half of 2026, recording a 22.7 per cent increase in profit after tax (PAT) to **₦638.5 billion**, driven by higher sales volumes, improved operational efficiency and stronger profit margins.

According to the company's unaudited results for the six months ended June 30, 2026, group revenue rose by 21.4 per cent to **₦2.51 trillion**, compared with the corresponding period in 2025. Earnings before interest, taxes, depreciation and amortisation (EBITDA) also increased by 25.8 per cent to **₦1.19 trillion**, reflecting sustained business growth across its operations.

Group cement sales volumes climbed by 11.8 per cent to **14.9 million tonnes**, supported by stronger demand across key African markets. The company maintained a healthy EBITDA margin of 47.3 per cent, while its Nigerian operations delivered EBITDA of **₦1.09 trillion**, representing a 28.4 per cent year-on-year increase and an EBITDA margin of 60.1 per cent.

Earnings per share rose by 24.3 per cent to **₦38.22**, while the company ended the period with a net cash position of **₦215.2 billion**, with cash balances exceeding its total debt.

Commenting on the results, Chief Executive Officer, Arvind Pathak, attributed the strong performance to sustained demand, higher sales volumes and disciplined execution.

"Our performance in the first half of 2026 reflects the strong momentum we have continued to build since the start of the year. The business delivered another solid set of results, supported by higher sales volumes, disciplined execution and sustained demand across our key markets," he said.

Pathak noted that prudent cost management, improved operational efficiency and the resilience of the company's business model continued to support earnings growth. He added that the company's healthy cash position provides the flexibility to fund future investments while maintaining a disciplined approach to capital allocation.

Dangote Cement also recorded significant growth in its export business, with cement and clinker exports from Nigeria rising by 62.3 per cent to **1.1 million tonnes** during the period. The company dispatched 20 clinker shipments from Nigeria to Ghana, Cameroon and Côte d'Ivoire, further strengthening the country's position as a regional manufacturing and export hub.

To improve operational efficiency, the company reported lower production costs in Nigeria through a more favourable energy mix, commissioned a mobile refuelling unit at its Okpella plant and deployed 300 compressed natural gas (CNG) trucks in Tanzania to enhance logistics operations.

On expansion plans, Pathak disclosed that construction of the company's new six-million-tonne-per-annum Itori cement plant in Ogun State is at an advanced stage and remains on track for completion before the end of the year.

He said the additional capacity will strengthen Dangote Cement's production base, support export growth and contribute to its long-term objective of achieving **80 million tonnes per annum** of installed production capacity by 2030.

Pathak expressed confidence that favourable market conditions, strategic investments and continued operational excellence would sustain the company's growth trajectory and deliver long-term value to shareholders.