Dangote Cement Plc has reported a profit before tax of N421.1 billion for the first quarter of 2026, reflecting strong operational performance and sustained demand across its core business.
According to its financial statements filed on the Nigerian Exchange, the figure represents a 35 per cent increase from the N311.9 billion recorded in the same period of 2025. The growth was largely driven by a significant rise in revenue.
Revenue climbed to N1.19 trillion from N994.6 billion, supported almost entirely by cement and clinker sales, which accounted for 99.99 per cent of total earnings. Other products contributed just 0.01 per cent, underscoring the company’s continued focus on its core cement business.
Earnings per share rose to N19.14 from N12.29, while retained earnings increased to N1.8 trillion from N1.5 trillion, highlighting ongoing value creation for shareholders.
A closer look at the income statement shows that revenue growth was driven by increased sales volumes, which rose to 7.4 million tonnes from 6.5 million tonnes in the corresponding period of 2025. Cement and clinker sales generated N1.197 trillion, while revenue from other products remained marginal at N78 million, up from N6 million.
Cost of sales increased by 10.18 per cent to N448.7 billion, reflecting higher production volumes. Despite this, gross profit rose significantly to N749.3 billion, compared to N587.3 billion recorded in the prior year.
After accounting for administrative expenses of N71.5 billion and selling and distribution costs of N177.5 billion, operating profit stood at N506.1 billion. Additional factors included other income of N5.2 billion and impairment charges of N704 million.
Finance costs declined to N98.2 billion from N129.3 billion, while finance income of N3.04 billion and gains on net monetary position of N10.1 billion further supported earnings. These combined factors resulted in the strong pre-tax profit of N421.1 billion.
Following an income tax expense of N100.06 billion, profit after tax rose to N321.09 billion, up from N209.2 billion in the first quarter of 2025.
On the balance sheet, total assets remained stable at N6.03 trillion, with property, plant, and equipment accounting for the largest share at N3.7 trillion. Total liabilities reduced to N3.1 trillion from N3.4 trillion, with trade and other payables standing at N1.3 trillion.
Shareholders’ equity strengthened to N2.8 trillion from N2.6 trillion, supported by the growth in retained earnings, reinforcing the company’s solid financial position.
