Business Segments Dangote Cement Plc

Equities

End-of-day quote Nigerian S.E. Other stock markets 05/06/2026			5-day change	1st Jan Change
1,180.00 ^NGN	0.00%		0.00%	+93.76%

13/05	Dangote Cement in early talks over potential London listing	RE
07/05	Africa's richest man Dangote plans London listing of cement empire - FT	RE

Breakdown by Business Segment (NGN)

Fiscal Period: December	2021	2022	2023	2024	2025
Concrete
Nigeria	99TCr	1,20500Cr	1,29800Cr	2,19300Cr	2,95700Cr
Total Assets	2,83500Cr	2,92800Cr	3,16900Cr	5,48100Cr	5,20900Cr
Interest Expense	-4.47TCr	-9.76TCr	-	-42TCr	-34TCr
Income Tax Expense	15TCr	14TCr	6.48TCr	18TCr	47TCr
CAPEX	-15TCr	-5.66TCr	-	-	-
EBITDA	61TCr	66TCr	65TCr	1,08700Cr	1,76400Cr
D&A	6.52TCr	7.26TCr	6.8TCr	8.17TCr	12TCr
Operating Income	54TCr	59TCr	58TCr	1,00600Cr	1,64700Cr
Net Income	44TCr	51TCr	55TCr	1,18400Cr	99TCr
Pan Africa	40TCr	41TCr	93TCr	1,48100Cr	1,45600Cr
Total Assets	93TCr	1,10100Cr	2,31100Cr	3,24700Cr	3,22200Cr
Interest Expense	-9.73TCr	-17TCr	-	-29TCr	-5.14TCr
Income Tax Expense	2TCr	604.3Cr	3.27TCr	5.01TCr	5.19TCr
CAPEX	-1.49TCr	-11TCr	-	-	-
EBITDA	8.88TCr	6.49TCr	26TCr	35TCr	29TCr
D&A	3.86TCr	5.15TCr	8.54TCr	15TCr	10TCr
Operating Income	5.03TCr	1.35TCr	18TCr	20TCr	19TCr
Net Income	-3.06TCr	-11TCr	-479.4Cr	-2.44TCr	31TCr
Eliminations	-709.1Cr	-190.8Cr	-1.55TCr	-9.35TCr	-11TCr
Total Assets	-1,37200Cr	-1,41400Cr	-1,54100Cr	-2,32500Cr	-2,39000Cr
Interest Expense	7.62TCr	14TCr	-	1.04TCr	4.09TCr
CAPEX	11TCr	10TCr	-	-	-
EBITDA	99Cr	123.7Cr	-109.9Cr	-69Cr	635.7Cr
D&A	-167.5Cr	-167.3Cr	-156.3Cr	-105.9Cr	-88Cr
Operating Income	266.4Cr	291Cr	46Cr	37Cr	723.6Cr
Net Income	-2.87TCr	419.8Cr	-6.72TCr	-61TCr	-20TCr
Net Income	-1.54TCr	-1.67TCr	-2.68TCr	-4.98TCr	-8.28TCr
Operating Income	-1.54TCr	-1.67TCr	-2.68TCr	-4.98TCr	-8.28TCr
EBITDA	-1.54TCr	-1.67TCr	-2.68TCr	-4.98TCr	-8.28TCr

Geographical breakdown of sales (NGN)

Fiscal Period: December	2021	2022	2023	2024	2025
Nigeria	99TCr	1,20300Cr	1,28200Cr	2,09900Cr	2,85100Cr
Total Assets	1,94300Cr	2,00400Cr	1,92100Cr	3,95600Cr	3,75600Cr
Tanzania	6.37TCr	7.44TCr	13TCr	26TCr	30TCr
Total Assets	18TCr	18TCr	34TCr	54TCr	51TCr
South Africa	6.91TCr	6.45TCr	10TCr	22TCr	22TCr
Total Assets	6.9TCr	6.9TCr	11TCr	19TCr	19TCr
Ethiopia	6.72TCr	10TCr	35TCr	25TCr	21TCr
Total Assets	5.23TCr	17TCr	42TCr	34TCr	25TCr
Cameroon	6.86TCr	6.48TCr	10TCr	24TCr	20TCr
Total Assets	4.59TCr	4.58TCr	9.7TCr	14TCr	15TCr
Senegal	5.13TCr	3.4TCr	9.25TCr	19TCr	15TCr
Total Assets	9.04TCr	8.99TCr	18TCr	27TCr	28TCr
Congo	1.8TCr	2.33TCr	4.89TCr	12TCr	14TCr
Total Assets	9.33TCr	8.99TCr	18TCr	26TCr	26TCr
Zambia	3.18TCr	3.12TCr	5.33TCr	12TCr	14TCr
Total Assets	5.81TCr	5.93TCr	8.35TCr	12TCr	15TCr
Ghana	1.68TCr	1.31TCr	3.76TCr	8TCr	7.75TCr
Total Assets	1.85TCr	1.25TCr	5.4TCr	8.53TCr	11TCr
Côte D'ivoire	-	-	-	-	1.01TCr
Total Assets	6.37TCr	7.81TCr	21TCr	37TCr	46TCr
Sierra Leone	1.09TCr	634.9Cr	525.2Cr	114.9Cr	-
Total Assets	1.4TCr	861.3Cr	4.98TCr	8.9TCr	8.13TCr