Dangote Cement Reports Explosive Q1 2026 Growth as Pretax Profit Surges 35% to ₦421.1bn

Dangote Cement Plc reports a massive ₦421.1bn pretax profit for Q1 2026, driven by record sales volumes and improved operational efficiency.

By: AXL Media

Published: Apr 30, 2026, 8:23 AM EDT

Source: Information for this report was sourced from Channels Television

Record-Breaking Revenue and Core Focus

Dangote Cement Plc continues to dominate the regional construction sector, reporting a massive 20.45% year-on-year revenue increase to ₦1.19 trillion for Q1 2026. According to recently filed financial statements on the Nigerian Exchange (NGX), the company’s core business remains incredibly concentrated, with cement and clinker sales accounting for 99.99% of total earnings. Sales volumes saw a healthy jump to 7.4 million tonnes, up from 6.5 million tonnes in Q1 2025, underscoring robust demand across its operational hubs.

Profitability and Operational Efficiency

The company’s bottom line benefited significantly from improved operational efficiencies and a notable decline in finance costs, which dropped to ₦98.2 billion from ₦129.3 billion. This contributed to a profit before tax (PBT) of ₦421.1 billion—a 35% increase over the prior year. After accounting for a ₦100.06 billion tax expense, the net profit stood at ₦321.09 billion. This surge translated to a significant boost for shareholders, with earnings per share rising from ₦12.29 to ₦19.14.

Strong Balance Sheet and Retained Earnings

Value creation remains steady as the company's retained earnings climbed to ₦1.8 trillion, providing a solid cushion for future expansion and dividend payments. Total equity now stands at ₦2.8 trillion. While total assets remained relatively stable at ₦6.03 trillion, the company successfully narrowed its total liabilities to ₦3.1 trillion, down from ₦3.4 trillion at the end of the previous cycle. Property, plant, and equipment remain the bedrock of the firm’s valuation, currently appraised at ₦3.7 trillion.