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News Dangote Cement releases financial results for the first quarter of 2025

Dangote Cement releases financial results for the first quarter of 2025

Written by Global Cement staff 29 April 2025
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Nigeria: Dangote Cement recorded a profit after tax of US$131m for the quarter ending 31 March 2025, up by 86% from US$70.5m in the same period of 2024. Revenue rose by 22% year-on-year to US$623m, driven largely by strategic pricing initiatives in Nigeria, where revenue grew by 54%. Gross profit rose to US$368m from US$262m, while profit before tax increased by 87% to US$195m from US$104m. Group earnings by interest, taxation, depreciation and amortisation (EBITDA) surged by 49% to US$289m.

The group’s cement volumes declined by 7% to 6.6Mt during the quarter, reflecting reduced demand and heightened inflationary pressures across key markets. However, export volumes grew by 21%, supported by eight clinker shipments to Ghana and Cameroon.

Last modified on 30 April 2025
Published in Global Cement News
Tagged under
  • Nigeria
  • Dangote Cement
  • Results
  • Middle East and Africa
  • GCW707
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