Dangote Cement Information N209.2bn Revenue in Q1
Dangote Cement Plc recorded a revenue after tax of N209.2bn for the primary quarter ended 31 March 2025, representing a rise of 85.7 per cent in comparison with the N112.7bn recorded within the corresponding interval of 2024.
The group’s unaudited monetary statements filed with the Nigerian Change Restricted just lately confirmed a 21.7 per cent progress in income to N994.7bn, up from N817.4bn recorded in the identical quarter of the earlier 12 months. The expansion was largely attributed to strategic pricing initiatives, significantly in Nigeria, the place income grew by 53.7 per cent.
Gross revenue rose to N587.4bn from N419.2bn, whereas revenue earlier than tax elevated by 87 per cent to N312bn from N166.4bn recorded within the earlier 12 months.
Group earnings earlier than curiosity, taxes, depreciation, and amortisation surged by 49.2 per cent to N461.6bn, with EBITDA margin strengthening to 46.4 per cent, in comparison with 40.7 per cent in the identical quarter of 2024. In Nigeria alone, the EBITDA margin improved considerably from 49.7 per cent to 56.7 per cent, pushed by efficient cost-containment methods.
Regardless of macroeconomic headwinds, group volumes declined by 6.7 per cent to six.6 million tonnes through the quarter, reflecting softer demand and heightened inflationary pressures throughout key markets. Nevertheless, export volumes grew by 21.2 per cent, bolstered by eight clinker shipments to Ghana and Cameroon.
Commenting on the outcomes, the Chief Government Officer of Dangote Cement, Arvind Pathak, stated, “Dangote Cement delivered a robust and resilient efficiency within the first quarter of 2025, regardless of going through persistent macroeconomic challenges throughout our key markets.
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“Group income rose by 21.7 per cent to N994.7bn, supported by strategic pricing initiatives, significantly in Nigeria, the place income grew by 53.7 per cent. We additionally achieved a notable enchancment in profitability. Group EBITDA grew by 49.2 per cent to N461.6bn, with the EBITDA margin strengthening to 46.4 per cent.”
He added, “We made measurable progress on our sustainability journey through the quarter, with elevated use of different fuels, growth of waste warmth restoration infrastructure, and agency steps in direction of our medium-term decarbonisation roadmap.
“As we glance to the longer term, our focus stays unwavering on driving sustained profitability, increasing our export presence, and executing strategic long-term investments. These efforts are designed to gas sustainable progress and create lasting worth throughout our operations in Africa.”
When it comes to monetary place, whole property stood at N6.45tn as of 31 March 2025, a slight enhance from N6.4tn recorded as of 31 December 2024. Complete liabilities amounted to N4.07tn, in comparison with N4.23tn in December 2024. Web property stood at N2.58tn on the finish of the interval.
The group’s share capital and share premium remained unchanged at N8.4bn and N42bn, respectively.
Additional breakdown of the tax place revealed that present tax property rose to N2.54bn as of 31 March 2025 from N1.83bn in December 2024, supported by change price changes. Present tax liabilities climbed to N265.2bn from N183.2bn on the finish of 2024, following greater tax costs through the interval.
Deferred tax property elevated barely to N19.8bn from N19.4bn, whereas deferred tax liabilities stood at N211.5bn as of March 2025, in comparison with N196.4bn as of December 2024.
In the meantime, Dangote Cement reported a complete complete revenue of N197.4bn for the quarter, down from N523bn recorded within the first quarter of 2024, primarily as a consequence of overseas forex change losses recorded underneath different complete revenue.
Earnings per share rose to N12.29 from N6.68 a 12 months earlier, representing an 84 per cent enhance.
Chairman and Chief Government Officer of Dangote Industries Ltd., Aliko Dangote, on Saturday unveiled a $400m plan to restart a second manufacturing line at Ethiopia’s Mugher cement plant, a transfer anticipated to double the ability’s annual output to five million tonnes
