Dangote Cement 9M 2026 results: record profit, net cash position

Dangote Cement PLC (DANGCEM) disclosed its nine-month interim results for the period ended 30 September 2026, with the Board approving the figures on 27 October 2026. Group revenue rose 19.6% to ₦3,774.2 billion, while group EBITDA grew 23.7% to ₦1,766.3 billion, representing a 46.8% margin. Gross margin expanded 4.0 percentage points to 63.2%, as production costs grew 7.9% against revenue growth of 19.6%. Profit after tax reached ₦974.8 billion, up 31.2%, with earnings per share of ₦58.37, up 33.2%.

Operating cash flow climbed 41.5% to ₦1,826.6 billion. Free cash flow of ₦1.26 trillion covered dividends paid of ₦753.8 billion by approximately 1.7 times. The company repaid ₦539.0 billion in loans during the period and funded ₦566.7 billion in expansion capital expenditure from internal cash generation.

Group volumes rose 9.4% to 22.1 million tonnes. Pan-African volumes grew 14.0% to 9.1 million tonnes. Nigeria cement and clinker exports rose 41.8% to 1.5 million tonnes. Customer advances increased 45% to ₦208.4 billion. The company's Itori 6Mta phase 1 integrated plant was described as on track for commissioning. Full-year revenue guidance targets annual growth of approximately 20% or above.