Prime Business Africa
Dangote Cement recorded a 23.20 percent decline in its revenue in the first nine months of 2025, according to the company’s condensed consolidated and separate financial statements for the period ended September 30, 2025.
In the earnings report, Dangote Cement posted N3.15 trillion in turnover for the period between January and September 2025, surpassing the N2.56 trillion recorded in the same period in 2024.
Join our WhatsApp ChannelA breakdown of the revenue showed that the growth was driven by its sales in the Nigerian market, where turnover increased by 42.41 percent year-on-year, from N1.53 trillion to N2.18 trillion.
However, revenue from other African markets (excluding Nigeria) fell by 3.38 percent, from the N1.09 trillion earned in the first nine months of last year, to N1.05 trillion in the corresponding period in 2025.
In addition, eliminations increased from N64.50 billion recorded during the reviewed period in 2024 to N82.98 billion in 2025.
Elimination is the crucial adjustment made during consolidation to remove transactions between related companies (intercompany transactions) within the same group, preventing double-counting of revenues, expenses, assets, and liabilities, and presenting the parent and its subsidiaries as a single economic entity for external stakeholders
Also, production costs marginally increased by 4.02 percent to N1.28 trillion between the first quarter (Q1) and third quarter (Q3) of 2025, compared to the N1.23 trillion recorded in the same period in 2024.
The manufacturer also reported that gross profit increased by 41.11 percent year-on-year, from N1,32 trillion to N1.86 trillion.
Dangote Cement added that administrative expenses gulped N202,34 billion between Q1 and Q3 of this year, compared to last year’s N145,60 billion, indicating a 38.97 percent year-on-year increase.
The company managed to keep the growth in selling and distribution expenses to a single digit of 7.72 percent year-on-year, from N464.71 billion to N500.61 billion.
However, finance costs depreciated by 36.60 percent to N286.04 billion during the period under review, below the N451.21 billion posted last year, while finance income grew by 164.67 percent year-on-year, from N29.12 billion to N77.09 billion.
Dangote Cement also reported that profit before tax (PBT) rose threefold or 156.15 percent to N1.04 trillion within the first nine months of 2025, exceeding the N406.38 billion PBT earned last year.
In the same vein, the company’s income tax skyrocketed by 133.88 percent year-on-year, from N127.29 billion to N297.71 billion.
Despite the threefold increase in tax expenses, Dangote Cement closed the period with 166.31 percent year-on-year growth in profit after tax (PAT), as it increased from N279.09 billion to N743.26 billion.
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