Prime Business Africa
In the third quarter (Q3) of 2025, the cement industry recorded N1.62 trillion revenue, based on the financial statements of the three major producers listed on the Nigerian Exchange (NGX) Limited: Dangote Cement, BUA Cement and Lafarge Africa.
According to Prime Business Africa’s analysis, the three companies recorded the turnover which increased by 34.98 percent from the N1.20 trillion generated between July and September 2024.
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Lafarge Africa
Lafarge Africa is the best-performing cement producer in Q3 2025, following a 43.27 percent growth in its revenue for the three months under review, after generating N263.50 billion turnover, compared to the N183.92 billion earned from cement sales in the same period last year.
- The company also reported that the cost of sales grew to N103.15 billion within July and September 2025, compared to the N93.79 billion expended on production in the same period in 2024 — indicating a 9.98 percent increase.
- Also, Lafarge Africa closed the third quarter of 2025 with N47.69 billion profit before tax (PBT), representing a 138.07 percent rise in the company’s bottom line, considering the cement manufacturer recorded a pretax profit of N47.69 billion the previous year.
Dangote Cement
Dangote Cement earned N1.08 trillion as revenue from cement sales in the third quarter of this year, surpassing the N800.51 billion turnover generated during the corresponding period last year.
- The 35.30 percent increase in revenue made Dangote Cement the second-best-performing producer during the period under review.
- Dangote Cement said it incurred N432,53 billion as production costs between July and September 2025, compared to the N403.04 billion cost of sales recorded in the third quarter of 2024, representing a 7.31 percent increase.
- In addition, Dangote Cement reported a bottom line of N310,94 billion in profit before tax (PBT) in the three months under review, exceeding the N113,43 billion notched up last year, reflecting a growth of 174.12 percent.
BUA Cement
With a 26.86 percent growth in its revenue for the third quarter of 2025, BUA Cement closed the period as the third best-performing cement producer.
- The company reported a turnover of N278.42 billion between July and September 2025, overshadowing the N219.46 billion generated in the corresponding period last year.
- Furthermore, BUA Cement managed to reduce its cost of sales by 8.79 percent, from the N147.93 billion production costs recorded in the third quarter last year, to N134.92 billion in the corresponding period this year.
- Additionally, the company said its profit before tax (PBT) reached N123.76 billion during the period under review, compared to the N21.62 billion pretax profit achieved in Q3 2024, reflecting a growth of 472.27 percent.
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Prime Business Africa is a business, economy and policy news platform founded in 2021 by veteran journalist and media scholar, Dr Marcel Mbamalu, after he left The Guardian as Editor.
Dr Mbamalu, who serves as Founder and Publisher, set up Prime Business Africa to deliver sharp, data-driven reporting on Nigeria’s markets, trade, investment, and governance trends for decision-makers, entrepreneurs, and policy leaders.
He also writes The Bottom Line, a backpage column for Punch Newspaper every Thursday.
Under his leadership, Prime Business Africa combines deep newsroom experience with a focus on accountability journalism, aiming to bridge information gaps between Africa’s private sector and the global economy.
