Dangote Cement Plc grew its half-year profit to N638.5 billion, up from N520.5 billion in the same period last year, as its Nigerian operations absorbed the weight of a Pan-African business whose bottom line was all but wiped out by finance and currency costs.
The cement maker’s unaudited results for the six months ended June 30, 2026, show group revenue rising 21.4 percent to N2.51 trillion from N2.07 trillion, driven by higher sales volumes of 14.9 million tonnes, compared to 13.4 million tonnes a year earlier. Profit before tax climbed 34.4 percent to N981.4 billion, while profit attributable to owners of the company rose 24.3 percent to N640.2 billion, lifting earnings per share to N38.22 from N30.74.
Gross margins widened as production costs grew more slowly than revenue: production costs of sales rose 8.3 percent to N924.3 billion, even as revenue expanded over 21 percent, pushing gross profit up 30.5% to ₦1.59 trillion. Group EBITDA rose 25.8% to N1.19 trillion.
Pan-Africa’s profit-thin bottom line
The strain shows up once the results are split by geography. The domestic business generated N1.81 trillion in revenue, representing nearly 72 percent of group sales, while operating profit climbed to N1.01 trillion from N787.00 billion. Profit from the Nigerian segment rose to N582.64 billion, accounting for more than 90 percent of the group’s consolidated earnings.
