Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text; matched to OCR text and compared cell by cell with the page image; read from the page image) (9 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review
Dangote Cement
On this page
Company details
- Legal name
- Dangote Cement Plc
- Listing
- DANGCEM on the Nigerian Exchange, active · ISIN NGDANGCEM008 (observed 2026-10-08)
- Sector
- Not classified (our classification from the stated principal activity)
- Financial year ends
- 31 December
Overview
Year ended 31 December 2025 · audited financial statements, signed / final · source
-
Revenue
NGN 4.31 trillion
4,306,704 NGN millions · p21
+20.3% vs 2024
-
Operating profit / (loss)
NGN 1.77 trillion
1,765,277 NGN millions · p21
+53.2% vs 2024
-
Profit / (loss) for the year
NGN 1.01 trillion
1,014,921 NGN millions · p21
+101.7% vs 2024
-
Total assets
NGN 6.04 trillion
6,040,727 NGN millions · p23
−5.7% vs 2024
-
Total equity
NGN 2.62 trillion
2,620,136 NGN millions · p23
+20.5% vs 2024
-
Cash from operations
NGN 1.71 trillion
1,710,762 NGN millions · p26
+108.3% vs 2024
Large amounts are rounded for reading (NGN million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.
Financial statements
Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in NGN millions unless the row says otherwise; brackets are negative.
† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table
Column sources
- FY2025 — audited financial statements, signed / final; reported for the year · source
- FY2024 — audited financial statements, signed / final; comparative in the FY2025 filing · source
Income statement
| Line (as printed) | FY2025Audited financial statementsreported for the year | FY2024Audited financial statementscomparative in FY2025 filing |
|---|---|---|
| Revenue | 4,306,704 | 3,580,550 |
| Production cost of sales | (1,634,430) | (1,645,651) |
| Gross profit | 2,672,274 | 1,934,899 |
| Administrative expenses | (261,761) | (220,537) |
| Selling and distribution expenses | (682,763) | (618,664) |
| Other income | 42,251 | 57,070 |
| Impairment of financial assets | (4,724) | (726) |
| Profit from operating activities | 1,765,277 | 1,152,042 |
| Finance income | 109,942 | 168,572 |
| Finance costs | (351,504) | (700,299) |
| Gain on net monetary position1 | 6,452 | 109,404 |
| Share of profit from associate | 2,493 | 2,818 |
| Profit before tax | 1,532,660 | 732,537 |
| Income tax expense | (517,739) | (229,290) |
| Profit for the year | 1,014,921 | 503,247 |
| Non-controlling Interests2 | 12,074 | 5,055 |
| Other comprehensive (loss)/income for the year, net of tax | (57,258) | 471,287 |
| Total comprehensive income for the year | 957,663 | 974,534 |
Notes and alternative reported figures (2)
- “Gain on net monetary position” is an issuer-specific line, not mapped to a shared definition: Note 35: hyperinflation (IAS 29) gain on the net monetary position.
- “Non-controlling Interests” is an issuer-specific line, not mapped to a shared definition: Attribution of profit.
Balance sheet
| Line (as printed) | FY2025Audited financial statementsreported for the year | FY2024Audited financial statementscomparative in FY2025 filing |
|---|---|---|
| Property, plant and equipment | 3,917,363 | 3,271,322 |
| Intangible assets | 16,383 | 17,003 |
| Right-of-use assets | 62,032 | 70,429 |
| Investments in subsidiaries1 | –2 | –2 |
| Investment in associate | 3,222 | 3,005 |
| Lease receivables3 | 23,044 | 16,877 |
| Deferred tax assets | 17,757 | 19,426 |
| Prepayments4 | 28,969 | 48,580 |
| Receivables from related parties5 | –2 | 1,045,575 |
| Total non-current assets | 4,068,770 | 4,492,217 |
| Inventories | 756,835 | 669,662 |
| Trade and other receivables | 147,472 | 116,742 |
| Prepayments and other current assets6 | 663,611 | 665,071 |
| Lease receivables3 | 4,897 | 7,889 |
| Current tax assets | 1,573 | 1,826 |
| Cash and cash equivalents | 397,569 | 449,831 |
| Total current assets | 1,971,957 | 1,911,021 |
| Total assets | 6,040,727 | 6,403,238 |
| Trade and other payables | 1,269,622 | 992,119 |
| Lease liabilities | 6,221 | 5,860 |
| Current tax liabilities | 297,021 | 183,160 |
| Financial liabilities | 799,765 | 1,245,181 |
| Other current liabilities7 | 231,065 | 143,264 |
| Total current liabilities | 2,603,694 | 2,569,584 |
| Deferred tax liabilities | 353,245 | 196,422 |
| Financial liabilities | 359,810 | 1,386,383 |
| Lease liabilities | 24,597 | 26,317 |
| Provisions | 57,427 | 31,931 |
| Deferred revenue8 | 708 | 756 |
| Employee benefit obligations9 | 21,110 | 16,600 |
| Total non-current liabilities | 816,897 | 1,658,409 |
| Total liabilities | 3,420,591 | 4,227,993 |
| Net assets | 2,620,136 | 2,175,245 |
| Share capital | 8,437 | 8,437 |
| Share premium | 42,014 | 42,014 |
| Treasury shares10 | (41,423) | (41,423) |
| Capital contribution11 | 2,877 | 2,877 |
| Currency translation reserve12 | 1,002,966 | 1,083,092 |
| Retained earnings | 1,505,365 | 1,027,046 |
| Equity attributable to owners of the Company | 2,520,236 | 2,122,043 |
| Non-controlling interest | 99,900 | 53,202 |
| Total equity | 2,620,136 | 2,175,245 |
| Total equity and liabilities | 6,040,727 | 6,403,238 |
- Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
Notes and alternative reported figures (11)
- “Investments in subsidiaries” is an issuer-specific line, not mapped to a shared definition: Note 18.2 (Company only; nil in the Group column).
- “Lease receivables” is an issuer-specific line, not mapped to a shared definition: Note 22.
- “Prepayments” is an issuer-specific line, not mapped to a shared definition: Note 19.1.
- “Receivables from related parties” is an issuer-specific line, not mapped to a shared definition: Note 31.2.
- “Prepayments and other current assets” is an issuer-specific line, not mapped to a shared definition: Note 19.2.
- “Other current liabilities” is an issuer-specific line, not mapped to a shared definition: Note 27.2.
- “Deferred revenue” is an issuer-specific line, not mapped to a shared definition: Note 27.1.
- “Employee benefit obligations” is an issuer-specific line, not mapped to a shared definition: Note 29.2 (non-current).
- “Treasury shares” is an issuer-specific line, not mapped to a shared definition: Note 23.5.
- “Capital contribution” is an issuer-specific line, not mapped to a shared definition: Note 23.6.
- “Currency translation reserve” is an issuer-specific line, not mapped to a shared definition: Note 23.7.
Cash flow
| Line (as printed) | FY2025Audited financial statementsreported for the year | FY2024Audited financial statementscomparative in FY2025 filing |
|---|---|---|
| Cash generated from operations (unlabelled subtotal) | 1,870,346 | 995,642 |
| Income tax paid | (159,584) | (174,458) |
| Net cash generated from operating activities | 1,710,762 | 821,184 |
| Interest received | 77,515 | 128,474 |
| Dividend income received1 | 2,276 | 2,420 |
| Acquisition of intangible assets | (298) | (305) |
| Disbursements to subsidiaries2 | –3 | –3 |
| Repayment of loans by subsidiaries4 | –3 | –3 |
| Net loan repaid/(obtained) by parent company5 | 1,037,232 | (544,736) |
| Proceeds from disposal of property, plant and equipment | 1,057 | 2,413 |
| Acquisition of property, plant and equipment | (497,428) | (423,149) |
| Additions to property, plant and equipment6 | (861,089) | (413,777) |
| Change in non-current prepayments7 | 19,611 | (9,268) |
| Suppliers' credit unpaid8 | 344,050 | (104) |
| Net cash generated from/(used in) investing activities | 620,354 | (834,883) |
| Interest paid | (397,637) | (341,670) |
| Principal lease payment | (5,321) | (4,398) |
| Dividends paid | (502,942) | (502,580) |
| Loans obtained | 1,097,834 | 1,817,924 |
| Loans repaid | (2,268,500) | (1,280,819) |
| Net cash used in financing activities | (2,076,566) | (311,543) |
| Increase/(decrease) in cash and cash equivalents | 254,550 | (325,242) |
| Cash and cash equivalents at beginning of year | 131,716 | 432,151 |
| Effects of exchange rate movements on cash and cash equivalents | (23,680) | 24,807 |
| Cash and cash equivalents at end of year | 362,586 | 131,716 |
- Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
Notes and alternative reported figures (7)
- “Dividend income received” is an issuer-specific line, not mapped to a shared definition: Investing activities.
- “Disbursements to subsidiaries” is an issuer-specific line, not mapped to a shared definition: Investing activities (Company only; dash in the Group column).
- “Repayment of loans by subsidiaries” is an issuer-specific line, not mapped to a shared definition: Investing activities (Company only; dash in the Group column).
- “Net loan repaid/(obtained) by parent company” is an issuer-specific line, not mapped to a shared definition: Investing activities: loan to the parent company (Dangote Industries).
- “Additions to property, plant and equipment” is an issuer-specific line, not mapped to a shared definition: Note 15; printed after 'Acquisition of property, plant and equipment', which it reconciles to.
- “Change in non-current prepayments” is an issuer-specific line, not mapped to a shared definition: Note 19.1; part of the reconciliation to acquisition of PPE.
- “Suppliers' credit unpaid” is an issuer-specific line, not mapped to a shared definition: Part of the reconciliation to acquisition of PPE.
Segments
Segment data not yet collected for this company in the pilot.
Dividends
Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.
| Year ended | Event | Wording as printed | Amount | Unit | Source |
|---|---|---|---|---|---|
| 31 Dec 2025 | Dividends paid (cash flow statement) | Dividends paid |
(502,942) | NGN millions | Audited financial statements, p26 |
| 31 Dec 2024 | Dividends paid (cash flow statement) | Dividends paid |
(502,580) | NGN millions | Audited financial statements, p26 |
Sources
Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.
-
Dangote Cement Plc — Annual Report & Financial Statements, 31 December 2025 (Consolidated and separate financial statements for the year ended 31 December 2025)
Year ended 31 December 2025 · Audited financial statements · signed / final
Audit: KPMG Professional Services (Mohammed M. Adama, FCA), unmodified opinion · signed
Auditor's sign-off: Mohammed M. Adama, FCA, for KPMG Professional Services
Final status: The independent auditor's report on the consolidated and separate financial statements (KPMG Professional Services, PDF pp16-20) is unmodified and is signed by hand by Mohammed M. Adama, FCA (FRC/2012/PRO/ICAN/004/00000000443), dated 28 February 2026, with the ICAN seal (page image p20). The statement of financial position records approval by the Board of Directors on 26 February 2026 with handwritten signatures of the Chairman, the Group CEO and the Group CFO (page image p23).
- Document date
- 28 Feb 2026
- Auditor's report
- 28 Feb 2026
- Board approval
- 26 Feb 2026
- Retrieved by us
- 8 Oct 2026 (not a publication date)
- Used for
- statement columns FY2025, FY2024
- Basis
- consolidated statements · NGN millions (printed “₦'million”)
- Cash and cash equivalents in the statement of cash flows (362,586; 2024: 131,716) are net of bank overdrafts (note 32.1) and differ from balance-sheet cash and cash equivalents (397,569; 2024: 449,831). Interest received is printed within investing activities and interest paid within financing activities. The validation fails cf.closing/opening_equals_balance_sheet follow from this difference; kept as printed.
- Group results include a gain on the net monetary position (note 35) under IAS 29 hyperinflation accounting (6,452; 2024: 109,404).
- The statement of financial position (PDF p23) is a scanned page without a text layer; its values are read from Apple Vision OCR of the render and every transcribed cell was compared with the render. The statement of comprehensive income (p22) has a text layer that prints the row labels after the amounts; its rows are anchored on the amounts in text order.
Technical details
- File
- 93 pages, with a text layer
- SHA-256
b947fa5b885eabeefda88e023c71f182861171f50533473f860d3096f8989fca- Entity as printed
- Dangote Cement Plc and its subsidiaries
- Exchange copy
- retrieved 2026-10-08T18:02:33Z
Data notes
- Total liabilities — OCR read '3,420.591'; the page image shows '3,420,591'. OCR read the second comma as a full stop; the render prints 3,420,591 (Group total liabilities 2025). (Dangote Cement Plc — Annual Report & Financial Statements, 31 December 2025 (Consolidated and separate financial statements for the year ended 31 December 2025), p23)
Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text; matched to OCR text and compared cell by cell with the page image; read from the page image) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.
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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.