Dangote Cement Falls by 10% in Post-Earnings Sell Action

Dangote Cement Plc lost 10% of its market value in the stock market due to sell pressures. Investors trimmed their shareholdings in the cement company as the race to final quarter earnings began.

According to data from the Nigerian Exchange, Dangote Cement share price declined to N594 on Tuesday as more than 1.765 million units valued at over N1.051 billion were executed in the local bourse.

The huge shares volume led by sell-side investors who sought to take early cover from the downward trend in the Nigerian market dragged Dangote Cement’s price lower by N66.

Hence, the market value of Dangote Cement Plc’s 16.873 billion shares outstanding fell to N10.02 trillion, which is about 11% below its highest value in 52 weeks in the Nigerian Exchange.

The cement company’s post-earnings market reactions have been minimal. Dangote has seen an initial rally, but its earnings euphoria appears to have reduced.

9M-2025 Earnings

Dangote Cement reported a 166.3% year-on-year surge in earnings to N743.3 billion, according to its audited financials for nine months of financial year 2025.

According to analysts, the growth was fuelled by a strong topline performance in the Nigerian segment, much slower production cost growth, and a steep decline in net finance costs following reduced FX losses.

The Pan-African segment also rebounded following two consecutive quarters of weakness, providing a boost for profitability.  The group’s revenue rose to N3.2 billion, up by 23.2% year on year, supported mainly by an elevated pricing environment in the Nigerian segment. First Holdco Dips Below N1.3trn Amidst Huge Trading Volume

Higher cement pricing lifted average revenue per tonne by 41.9% year on year, according to CardinalStone Securities Limited. Analysts said volume growth in the Nigerian segment was rather flattish, increasing by +0.4% year on year to 13.2 Mt, while the Pan African segment dipped 5.0% to 7.9 Mt.

The tight volume movement reflected an operational challenge the cement company faced earlier, analysts explained.  Its profit surged by 166.3% year on year to N743.263 billion from N279.096 billion in the comparable period in 2024.

The cement company closed the period with net profit margin expansion, up by 12.7 percentage point to 23.6%, while earnings per share surged 164.8% YoY to N43.82. Naira Slides as FX Pressure Lingers in Currency Market

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