Nigeria: Dangote Cement increased its profit by 31% in the first nine months of 2026. Profit after tax rose to US$714m in the nine months to 30 September 2026, from US$538m in the same period of 2025. Revenues grew by 20% to US$2.77bn, and profit before tax increased by 42% to US$1.08bn. Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 24% to US$1.29bn. Profit after tax for the three months to 30 September 2026 increased by 51% to US$246m and revenues increased by 16% to US$923m for the same period.
Group cement sales rose by 9% to 22.1Mt. Nigeria sold 14.1Mt, up by 6.4%, and its revenue rose by 22.5% to US$1.96bn. Exports of cement and clinker from Nigeria increased by 41.8% to 1.5Mt, including 26 clinker shipments to Ghana, Cameroon and Ivory Coast. The company’s operations in other African countries sold 9.1Mt, up by 14%, and earned US$872m in revenue. Senegal grew by 30%, Ethiopia by 19% and Tanzania by 9%, and a new grinding plant in Ivory Coast sold 0.53Mt. Sales in Ghana and Cameroon were lower.
The first phase of the company’s 6Mt/yr plant at Itori in Ogun state is on track to be commissioned in 2027, part of a plan to increase capacity to 80Mt/yr from 55Mt/yr across Africa. The company expects high single-digit sales growth for the full year.