Dangote Cement Posts $714 Million Nine Month Profit as Earnings Rise 31 %

Dangote Cement Plc has reported a profit after tax of 974.79 billion NGN, approximately US$714 million, for the nine months ended September 30, 2026, as stronger revenue, improved operating margins and lower financing costs boosted earnings.

Profit after tax increased 31.2 % from 743.26 billion NGN recorded in the corresponding period of 2025. Revenue rose 19.6 % to 3.77 trillion NGN, while profit before tax climbed 41.5 % to 1.47 trillion NGN. The results reinforce the performance of Africa’s largest cement producer amid sustained investment in production capacity and efforts to strengthen its position in Nigeria and other African markets.

The company’s gross profit increased 27.7 % to 2.39 trillion NGN, while earnings before interest, taxes, depreciation and amortisation rose 23.7 % to 1.77 trillion NGN. Operating profit advanced 27.8 % to 1.57 trillion NGN, supported by improved margins and a sharp reduction in finance costs, which fell 57.8 % to 120.80 billion NGN. Revenue from Nigerian operations reached 2.67 trillion NGN, up 22.5 %, while revenue from its Pan-African operations rose 12.6 % to 1.19 trillion NGN. However, the international segment recorded a loss for the period of 7.86 billion NGN, compared with a profit of 182.73 NGN billion a year earlier.