Nigeria's Dangote Cement Q1 2026 Post-Tax Profit Surges 53.5%

en.Wedoany.com Reported - Dangote Cement has released its performance report for the first quarter of 2026, showing strong growth momentum. Driven by higher sales volumes and improved profit margins across Africa, the Group's revenue reached ₦1.20 trillion (approximately US$750 million), a year-on-year increase of 20.4%; EBITDA grew by 22.8% to ₦567.1 billion, with the margin improving to 47.3%; post-tax profit surged significantly by 53.5%, reaching ₦321.1 billion.

In terms of sales volume, the Group's total cement and clinker sales volume increased by 13.8% to 7.5 million tonnes, with sales volume in the Nigerian market growing by 11.5% to 4.9 million tonnes and sales volume in the Pan-African market rising by 19.5% to 2.9 million tonnes. Export performance was also outstanding, with Nigerian cement and clinker export volumes increasing by 71.6% to 549,600 tonnes, including 10 clinker shipments to Ghana and Cameroon.

Dangote Cement stated that the newly commissioned 3 million tonnes per annum grinding plant in Côte d'Ivoire is progressively ramping up production. Meanwhile, expansion projects in Itori, Nigeria, and Ethiopia are advancing steadily, with the Group targeting a capacity of 80 million tonnes per annum by 2030, laying the foundation for future performance growth.

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