Dangote Cement reports pre-tax profit of N311.974 billion in Q1 2025, up 87.48%  

The company also posted a profit after tax of N209.245 billion, up 85.71% YoY, from N112.674 billion reported in the same period last year.

Driving this strong bottom-line performance was an impressive revenue of N994.659 billion, marking a 21.69% YoY increase from the prior year.

Key highlights (Q1 2025 v. Q1 2024):   

Dangote Cement’s impressive bottom-line performance in Q1 2025 was driven by strong revenue growth, supported by its solid market share.

However, cost of sales grew slower than revenue, which helped boost both gross profit and gross profit margin, now standing at 59%, up by 15 percentage points from Q1 2024.

Similarly, a moderate increase in overheads (up 7.7%) supported growth in operating profit, with the operating profit margin improving to 39.96%, compared to 31.23% in Q1 2024, a rise of 27.92%.

Haulage expenses continued to weigh heavily, accounting for over 60% of the N205.480 billion in administrative, selling, and distribution costs.

Finance costs rose only slightly, thanks to a significant drop in foreign exchange losses, from N63.765 billion in Q1 2024 to N17.472 billion. However, gross interest expenses remained high at N110.302 billion.

Dangote Cement’s total assets, everything the company owns, increased slightly to N6.445 trillion, showing a modest 0.66% growth.

At the same time, shareholders’ funds (the value belonging to owners of the business) grew even faster than total assets.

This helped the company reduce its leverage ratio; a measure of how much debt it uses compared to equity, from 2.91x at the end of 2024 to 2.71x at the end of Q1 2025.

In simple terms, for every N1 of shareholders’ money, Dangote Cement now uses N2.71 in total assets, down from N2.91. This means the company is becoming slightly less dependent on borrowed money, which is a sign of improved financial strength.

In 2024, the stock returned a YtD gain of 49.67%.

As of Friday, April 25, 2025, the share price closed at N432, marking a 10% drop from its previous close of N480, and resulting in a YtD loss of 9.77% in 2025.

The company has declared a dividend of N30 per share, payable on June 23, 2025, offering investors a dividend yield of 6.94%.

The company has declared a dividend of N30 per share, payable on June 23, 2025, offering investors a dividend yield of 6.94%.