Dangote Cement Plc has announced  its unaudited financial results for first quarter ended March 31, 2025, showcasing a robust performance with significant growth in revenue and profitability.

The company’s profit after tax increased by 85.7% year on year to N209.25 billion, driven by a 21.7% rise in revenue and effective cost-saving initiatives.

Key highlights shows revenue surged by 21.7% year on year to N994.66 billion, driven by a 30.5% increase in average price per tonne to N151,417.11, despite a 6.7% decline in group volumes to 6.57Mt.

Gross margin expanded by 710 basis points year-over-year to 63.9%, as the growth in COGS ex-depreciation lagged revenue growth.

EBITDA margin expanded by 854 basis points year-over-year to 46.2%, supported by a modest 4.7% increase in OPEX ex-depreciation.

Dangote Cement’s strong earnings performance reflects the company’s effective cost-saving initiatives and upward price adjustments.

Revenue in the Pan-African market fell by 15.4% year on year to N322.65 billion, reflecting a 6.0% price decline and a 10.0% drop in volumes, attributed to post-election disruptions and liquidity constraints.

Looking ahead, market watchers expect the earnings momentum to remain resilient, supported by continued cost optimization efforts and potential recovery in volumes, particularly in the Pan-African market.