Dangote Cement Plc has reported a profit before tax of N421.1 billion for the first quarter of 2026, reflecting a 35 per cent year-on-year increase from N311.9 billion recorded in the corresponding period of 2025.
The company’s unaudited financial statements filed on the Nigerian Exchange showed that the growth was driven by strong revenue performance, which rose by 20.45 per cent to N1.19 trillion from N994.6 billion.
Cement and clinker sales accounted for virtually all revenue at 99.99 per cent, underscoring the company’s continued focus on its core business, while other products contributed a marginal share.
Earnings per share increased to N19.14 from N12.29, while retained earnings climbed to N1.8 trillion from N1.5 trillion, reflecting sustained value creation.
Cost of sales rose by 10.18 per cent to N448.7 billion, resulting in a gross profit of N749.3 billion, up from N587.3 billion in the same period last year.
Operating profit stood at N506.1 billion, representing a 27.37 per cent increase, after accounting for administrative expenses, selling and distribution costs, and other charges.
Finance costs declined significantly to N98.2 billion from N129.3 billion, contributing to the improved profitability. After tax expenses of N100.06 billion, profit after tax settled at N321.09 billion, compared to N209.2 billion recorded in the first quarter of 2025.
On the balance sheet, total assets remained largely unchanged at N6.03 trillion, with property, plant, and equipment valued at N3.7 trillion as the largest asset component.
Total liabilities reduced to N3.1 trillion from N3.4 trillion, while total equity rose to N2.8 trillion, supported by the increase in retained earnings.
The company also reported an increase in sales volume to 7.4 million tonnes, up from 6.5 million tonnes in the corresponding period of 2025, further reinforcing its strong market position.
