Business
Dangote Cement’s Expansion to Test Cash Allocation
BirrMetrics · 4 hours ago · Read the Full Story on BirrMetrics
AI SUMMARY
Dangote Cement's expanding investment commitments will test its ability to sustain strong shareholder payouts while financing new production capacity, despite higher pre-tax profits in the first nine months of 2026.
- Dangote Cement reported a 41.5 percent increase in pre-tax profit to 1.47 trillion naira in the first nine months of 2026.
- Profit after tax rose 31.2 percent to 974.79 billion naira, and earnings per share increased to 58.37 naira.
- Capital commitments reached 2.31 trillion naira at the end of September, more than double the 1.12 trillion naira recorded at December 2025.
- The company plans to increase annual production capacity by 45 percent to 80 million tonnes by 2030.
- The Ethiopian expansion programme includes a second production line and a satellite grinding unit budgeted at 380 million US dollars to double capacity to five million tonnes annually.
- Operating cash flow increased 41.5 percent to 1.83 trillion naira, and dividend payments totalled 753.85 billion naira.
- Current liabilities of 2.75 trillion naira exceeded current assets of 1.97 trillion naira, resulting in a working-capital deficit of about 780 billion naira.
- Dangote Cement shares closed at 1,341.90 naira on October 27, marking a 9.8 percent daily gain and a year-to-date increase of approximately 120 percent.
Related
Bloomberg and Trading Firms to Pay Truth Social for Fast Access to Trump’s Posts
The Japan Times · 2 hours ago
Microsoft Reports Profit Growth Days After Announcing Layoffs
BirrMetrics · 2 hours ago
Dashen Bank Profit More Than Doubles to 15.2 Billion Birr as Assets Hit 350 Billion
BirrMetrics · 4 hours ago
Belayneh Kinde, Jamal Ahmed Lawsuit Withdrawn Ahead of Council Re-election
Capital Ethiopia · 15 hours ago