Dangote Cement reported NGN 638.50 billion profit: Dangote Cement stock yields 4.22 percent

Published on 10/14/2026 at 02:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

H1 revenue reached NGN 2.51 trillion and profit NGN 638.50 billion. Dangote Cement stock had 165.40 percent cash conversion.

Capital plan and earnings date

Dangote Cement reported NGN 638.50 billion in profit after tax for the first half of 2026.
Revenue reached NGN 2.51 trillion in the first half of 2026.
The next earnings report is scheduled for November 2, 2026.

DANGCEM, NGDANGCEM008, Illustration mit AI erstellt.

Dangote Cement (ISIN NGDANGCEM008) reported NGN 638.50 billion in first-half 2026 profit after tax, while BusinessDay reported the figure on October 13, 2026. Investing.com lists a 4.22 percent dividend yield for Dangote Cement stock, giving the earnings update a valuation context.

Three expansion milestones

On September 22, 2026, PUNCH reported that Dangote Cement planned to lift production capacity from 55 million tonnes per year to more than 80 million tonnes.

On September 24, 2026, BusinessDay reported that the first phase of the Itori facility would deliver 6 million tonnes of capacity. The plant was already producing 3 million tonnes, with output expected to reach 5 million tonnes in the following year.

The October 13, 2026 earnings report added a cash-flow test to the capacity story. Operating cash flow rose 20.80 percent from NGN 874.00 billion in the first half of 2025 to NGN 1.056 trillion in the first half of 2026, while cash and cash equivalents reached NGN 796.30 billion.

What funds the expansion?

Dangote Cement's cash conversion ratio was 165.40 percent in the first half of 2026, compared with 167.90 percent in the first half of 2025, according to BusinessDay. That comparison shows that cash generation remained above reported profit even as the ratio eased by 2.50 percentage points.

Revenue increased to NGN 2.51 trillion in the first half of 2026 from NGN 2.07 trillion in the first half of 2025, a 21.35 percent rise, while profit after tax increased 22.69 percent from NGN 520.50 billion to NGN 638.50 billion. The figures connect the expansion plan to operating cash rather than to capacity targets alone.

Next reporting date is November 2

Investing.com lists November 2, 2026 as Dangote Cement's next earnings date. The report will provide the next dated test of revenue growth, cash conversion and progress toward the company's more than 80 million tonne capacity goal.