Dangote Cement Plc has announced a profit before tax of N421.1bn in the first quarter of 2026.
The gain was attributed to topline growth in its recently filed financial records on the Nigerian Exchange, with a 35% year-on-year increase from N311.9 billion in Q1 2025.
Channels TV reported that revenue climbed from N994.6 billion to N1.19 trillion.
Cement and clinker sales represented 99.99% of total income. Other goods provided a minimal 0.01%, highlighting the company’s main concentration.
The company also posted a 55.7% increase in earnings per share to N19.14 from N12.29. On the balance sheet, retained earnings grew to N1.8 trillion from N1.5 trillion, demonstrating that value is being created.
Highlights
Revenue: N1.19 trillion, up 20.45% y/y
Cost of sales was N448.7 billion, representing a year-on-year increase of 10.18%.
Gross profit: N749.3 billion, +27.56% YoY
Sales and distribution costs N177.5 billion +15.55% YoY
Operating profit: N506.1 billion (up 27.37% YoY)
The finance cost went decreased to N98.2 billion from N129.3 billion
Pretax profit: N421.1 billion, up 35% YoY
Retained earnings N1.8 trillion (+20.91% yoy)
The income statement indicated a full-year revenue of N1.198 trillion, which was propelled by cement and clinker sales of N1.197 trillion. Sales volume climbed to 7.4 million tonnes from 6.5 million tonnes.
Revenue from other items remained negligible at N78 million compared to N6 million in Q1 2025.
Cost of sales grew by 10.18% to N448.7 billion, reflecting higher volumes Gross profit came in at N749.3 billion as against N587.3 billion in the prior year.
Profit before tax grew to N506.1 billion after adjusting for selling and distribution expenditures of N177.5 billion, administrative expenses of N71.5 billion, other income of N5.2 billion and impairment charges of N704 million.
Finance costs were down to N98.2 billion from N129.3 billion and with finance income of N3.04 billion and profits on net monetary position of N10.1 billion, pretax profit was N421.1 billion.
It closed with profit after tax at N321.09 billion, up from N209.2 billion, after an income tax charge of N100.06 billion, while earnings per share increased to N19.14, from N12.29.
Total assets on the balance sheet were practically steady at N6.03 trillion with property, plant and equipment being the largest asset class at N3.7 trillion.
Total liabilities contracted to N3.1 trillion from N3.4 trillion, with trade and other payables of N1.3 trillion being the greatest chunk of the company’s commitments.
On the equity side, total equity increased to N2.8 trillion from N2.6 trillion, supported by retained earnings of N1.8 trillion from N1.5 trillion.
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