According to a report by Legit.ng, Dangote Cement, BUA Cement, and Lafarge Africa posted a combined ₦1.53 trillion in revenue in Q1 2025. The surge is credited to robust domestic demand and a strengthening naira.
Who's Leading the Pack?
Dangote Cement
- Revenue: ₦994.66 billion (up 21.7%
YoY)
- Profit After Tax: ₦209.25 billion (up 85.7%)
- EBITDA Margin: 46.2%
- Drivers: Price optimisation, fuel
substitution, and improved logistics, according to the company’s Q1
earnings disclosure.
BUA Cement
- Revenue: ₦290.82 billion (up 80.5%)
- Profit Before Tax: ₦99.74 billion (up 368.6%)
- EPS: ₦2.40 (up 351.4%)
- Win: Significant reduction in FX
losses, per the company’s financials.
Lafarge Africa
- Revenue: ₦248.35 billion (up 80.3%)
- Profit After Tax: ₦48.64 billion (up 836.7%)
- EPS: ₦3.02
- Edge: Strong demand and leaner
cost structure, as reported in their Q1 investor briefing.
The FX Game Changer
According
to Central Bank of Nigeria (CBN) data, the average exchange rate improved to ₦1,521.78/$1
in Q1 2025, up from ₦1,621.71/$1 in the previous quarter. This had a
direct impact on bottom-line performance by:
- Slashing FX losses
- Lowering import costs
- Boosting profit margins
Cement Demand Still Sky High
The
report highlights that Nigeria’s sustained infrastructure development continues
to drive cement demand. Projects in housing, roadworks, and industrial zones
have helped maintain high consumption levels despite macroeconomic headwinds.
Financial Juggernut’s View
The Q1
2025 performance of Nigeria’s cement sector is more than impressive, it’s
strategic. While the FX environment has stabilised, sustainability will depend
on:
- Continued monetary and
fiscal coordination
- Energy input cost management
- Plant security in volatile
zones
- Further cost optimisation
and export expansion
Final Word
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