Dangote Cement Reports N421.1 Billion Q1 Profit

Dangote Cement Plc announced a profit after tax of N421.1 billion for the first quarter of 2026, reflecting a 35% increase from N311.9 billion in the same period in 2025. This growth was primarily driven by a significant revenue increase to N1.19 trillion, up from N994.6 billion.

The company's revenue was largely attributed to cement clinker sales, which accounted for 99.99% of total revenue. The earnings per share rose to N19.14 from N12.29.

The balance sheet showed retained earnings increased to N1.8 trillion from N1.5 trillion, indicating sustained value creation. The total assets remained relatively flat at N6.03 trillion, with property, plant, and equipment being the largest asset class at N3.7 trillion.

Total liabilities narrowed to N3.1 trillion from N3.4 trillion. The results were published ahead of the market opening on April 30, 2026, and the company's shares are expected to react positively, having gained 59.28% to N970 per unit.