Dangote Cement Plc has reported a profit before tax of ₦421.1 billion for the first quarter of 2026, representing a 35 per cent year-on-year increase from ₦311.9 billion recorded in Q1 2025.
According to its financial statements filed on the Nigerian Exchange, the strong performance was largely driven by robust revenue growth.
Revenue rose to ₦1.19 trillion from ₦994.6 billion, with cement and clinker sales accounting for 99.99 per cent of total earnings, underscoring the company’s continued focus on its core business. Other products contributed a marginal 0.01 per cent.
Earnings per share increased to ₦19.14 from ₦12.29, while retained earnings climbed to ₦1.8 trillion from ₦1.5 trillion, signalling sustained value creation.
Cost of sales rose by 10.18 per cent to ₦448.7 billion, reflecting higher production volumes, which increased to 7.4 million tonnes from 6.5 million tonnes in the same period last year. This resulted in gross profit of ₦749.3 billion, up from ₦587.3 billion.
After accounting for administrative expenses, selling and distribution costs, and other adjustments, operating profit grew to ₦506.1 billion, marking a 27.37 per cent increase.
Finance costs declined significantly to ₦98.2 billion from ₦129.3 billion, contributing to the strong pretax performance. Profit after tax stood at ₦321.09 billion, compared with ₦209.2 billion in Q1 2025.
On the balance sheet, total assets remained relatively stable at ₦6.03 trillion, with property, plant, and equipment valued at ₦3.7 trillion as the largest asset category.
Total liabilities reduced to ₦3.1 trillion from ₦3.4 trillion, while equity rose to ₦2.8 trillion, supported by increased retained earnings.
Overall, the results reflect improved operational efficiency, higher sales volumes, and reduced financing costs, reinforcing the company’s strong financial position in the period under review.