DANGOTE CEMENT : Q1 2026 EARNINGS RELEASE

About this update from Dangote Cement Plc

Q1 2026 UNAUDITED RESULTS Dangote Cement PLC 29th April 2026 UNAUDITED RESULTS FOR THREE MONTHS ENDED 31st MARCH 2026 Production ramp-up at new Côte d'Ivoire plant as Group capacity hit 55Mta Robust EBITDA up 22.8% on improved margins and efficiency gains Strong rebound in Group volumes, up 13.8% year-on-year Double-digit growth in PAT, up 53.5% to ₦321.1B 71.6% increase in Nigerian export volumes Lagos, 29th April 2026: Dangote Cement PLC (DANGCEM-NL), Africa's largest cement producer, announces unaudited results for three months ended 31st March 2026. Financial highlights Group revenue up 20.4% to ₦1,198.0B Group EBITDA up 22.8% to ₦567.1B; 47.3% margin Nigeria EBITDA up 33.1% to ₦525.3B; 61.0% margin Profit after tax up 53.5% at ₦321.1B Earnings per share up 55.7% at ₦19.14 Operating highlights Group volumes up by 13.8% to 7.5Mt Dispatched 10 ships of clinker from Nigeria to Ghana and Cameroon Nigeria cement and clinker exports up 71.6% at 549.6Kt Strong reduction in Nigeria cash cost due to favorable energy mix Commissioned Okpella mobile refueling unit 300 CNG trucks commissioned in Tanzania Arvind Pathak, Chief Executive Officer, said: "We have delivered an outstanding start to 2026, with revenue up 20.4% year-on-year to ₦1,198.0 billion, driven by a strong rebound in volumes, which grew 13.8% across our markets. EBITDA increased by 22.8% to ₦567.1 billion, while profit after tax rose 53.5% to ₦321.1 billion, demonstrating the strength of our operating model, disciplined cost control, and our ability to convert growth into superior profitability. Our export business continues to scale rapidly, with volumes from Nigeria up 71.6% and 10 clinker shipments completed in the quarter. This performance reinforces our strategic position as Africa's leading cement exporter. Following the commissioning of our 3Mta grinding plant in Côte d'Ivoire, I am proud to say we are progressing well with our expansion projects in Itori and Ethiopia, alongside other growth initiatives across the continent. These investments will further strengthen our footprint and keep us firmly on track to reach 80Mt of production capacity by 2030. We have entered the year with strong momentum and clear strategic focus. Demand across our markets remains resilient, our expansion pipeline is delivering, and our operational discipline continues to drive margin improvement. We remain confide...

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