Dangote Cement Plc has reported a profit before tax of N421.1 billion for the first quarter of 2026, reflecting strong earnings growth driven mainly by higher sales volumes and revenue expansion.
According to its financial statements filed on the Nigerian Exchange, the figure represents a 35 per cent increase from N311.9 billion recorded in the same period in 2025.
The company’s revenue rose to N1.19 trillion, up from N994.6 billion in the corresponding quarter last year. Cement and clinker sales dominated total revenue, contributing 99.99 per cent, while other products accounted for just 0.01 per cent, underscoring the firm’s core business focus.
Sales volume also increased to 7.4 million tonnes from 6.5 million tonnes in Q1 2025.
Cost of sales increased by 10.18 per cent to N448.7 billion, while gross profit rose to N749.3 billion from N587.3 billion previously.
Operating profit climbed to N506.1 billion after accounting for administrative expenses of N71.5 billion, selling and distribution costs of N177.5 billion, other income of N5.2 billion, and impairment charges of N704 million.
Finance costs declined to N98.2 billion from N129.3 billion, helping boost profitability.
After accounting for tax expenses of N100.06 billion, profit after tax stood at N321.09 billion, up from N209.2 billion in the same period last year.
Earnings per share also rose to N19.14 from N12.29.
The company’s retained earnings increased to N1.8 trillion from N1.5 trillion, while total equity rose to N2.8 trillion.
Total assets remained stable at N6.03 trillion, with property, plant, and equipment accounting for N3.7 trillion.
Total liabilities reduced to N3.1 trillion from N3.4 trillion, with trade and other payables making up the largest share at N1.3 trillion.
Overall, the results highlight sustained demand for cement products and improved operational efficiency within the period.
