Dangote Cement Q3 2026 results show record ₦974.8B profit, improved margins

Dangote Cement Plc has released its interim financial results for the nine months ending 30 September 2026, posting its highest profit on record at ₦974.8 billion. The cement manufacturer's total revenue reached ₦3.77 trillion across the period, representing a 19.6 percent increase compared with the same timeframe in 2025.

Profit after tax climbed 31.2 percent year on year, while earnings per share rose to ₦58.37, up 33.2 percent. The company's earnings before interest, tax, depreciation and amortisation increased 23.7 percent to ₦1.77 trillion, with an improved margin of 46.8 percent against 45.3 percent in the prior year period.

Gross profit margin expanded by 4 percentage points to 63.2 percent, driven by production costs rising at only 7.9 percent despite revenue growth of nearly 20 percent. Fuel and power expenses increased just 2 percent despite a 9.4 percent jump in volumes to 22.1 million tonnes, indicating operational efficiency gains.

Cash generation remained robust, with operating cash flow totalling ₦1.83 trillion during the nine-month period. The company's balance sheet strengthened further, as it swung to a net cash position.

The Board of Directors approved these interim statements on 27 October 2026, with the full disclosure filed to the Nigerian Exchange Limited on 28 October 2026. A closed period remains in effect for the company, which commenced on 1 October 2026.

The interim financial statements were made available for public distribution on or before 30 October 2026, in line with Nigerian Exchange disclosure requirements.