Dangote Cement Hits N1 Trillion EBITDA Milestone, Declares N30 Dividend Per Share

By Emmanuel Kwada

Dangote Cement has achieved a remarkable milestone, crossing the N1 trillion mark in earnings before interest, taxes, depreciation, and amortization (EBITDA) for the first time in its history. The company’s EBITDA stood at N1.382 trillion, representing a 56% increase.

The company’s shareholders are set to smile home with a dividend payout of N30 per share, totaling N502.6 billion. The dividend payment was approved unanimously by the shareholders, who praised the Board, Management, and staff for their outstanding performance.

Dangote Cement’s revenue grew by 62.2% to N3,580.6 billion, driven by effective pricing strategies and strong demand recovery in key markets, particularly Nigeria. The company’s earnings per share also increased by 12.3% to N29.74.

The company’s Chairman, Aliko Dangote, attributed the impressive performance to the company’s strategy of building large, modern, and highly efficient plants that enable it to produce high-quality cement at lower costs.

The shareholders, including the President of the Association for the Advancement of Rights of Nigerian Shareholders (AARNS) and the Chairperson of the Pragmatic Shareholders Association of Nigeria, commended the company’s leadership and management for their commitment to delivering value to shareholders.

Dangote Cement also increased its corporate social responsibility (CSR) activities by 469.8% to N13.2 billion, focusing on education, healthcare, agriculture, infrastructure, and economic empowerment.

The company has plans to commission a 3MTA grinding plant in Côte d’Ivoire and a 6MTA integrated plant in Ogun State, Nigeria.

Additionally, Dangote Cement has acquired 1,500 compressed Natural Gas (CNG) trucks and plans to double the fleet to 3,000 trucks, contributing to cost savings and environmental sustainability.