The flagship industrial arm of Aliko Dangote’s business empire, Dangote Cement Plc, has reported its most significant quarterly profit jump in nearly six years, underpinned by robust pricing and a stable naira.
According to the company’s statement, net income for the second quarter of 2025 soared to ₦309 billion ($202 million), more than tripling from ₦76.6 billion in the same period last year.
The profit boost came despite a slight dip in sales volumes—down 1.4%—highlighting the company’s pricing power in a market experiencing relative currency calm.
Revenue climbed 14% in the quarter, driven by increased domestic cement prices and an economic environment bolstered by a naira that has held steady around ₦1,550 to the dollar in recent months.
Bloomberg’s report reveals that the firm’s top-line growth, achieved even with flat volume performance, demonstrates pricing resilience and strong market demand.
This announcement closely follows the recent exit of Aliko Dangote as chairman of Dangote Cement, marking a new phase for the continent’s largest cement producer.
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The company maintains operations across 10 African countries, including Nigeria, Tanzania, South Africa, Ethiopia, Cameroon, Ghana, and Zambia.
Cement demand is benefiting from Nigeria’s aggressive infrastructure rollout, including the Lagos-Calabar coastal highway and rural development projects.
Dangote’s smaller rival, BUA Cement Plc—owned by billionaire Abdul Samad Rabiu—also posted impressive numbers, with second-quarter profit rising fivefold to ₦180.9 billion, further underscoring the sector’s momentum.
Notably, Dangote Cement reported zero foreign exchange losses in H1 2025—a dramatic turnaround from the ₦201 billion loss recorded during the same period last year.
In March, the company resumed construction of its $800 million cement facility in Itori, Ogun State.
The 6-million-metric-tonnes-per-annum (Mt/a) plant is scheduled for completion by November 2026 and is set to boost Nigeria’s production capacity.
With an installed production capacity of 48.6 Mt/a across Africa—of which 32.3 Mt/a is based in Nigeria—Dangote Cement remains Africa’s largest cement manufacturer. The firm’s strategic investments have helped transform Nigeria from the world’s second-largest cement importer into a regional export powerhouse.
As Nigeria’s economy leans into industrialization and infrastructure development, Dangote Cement continues to play a critical role in reshaping the country’s construction landscape and strengthening regional manufacturing capacity.
Image Credit: Business Insider Africa
