Dangote Cement Plc, Lafarge Africa Plc, and BUA Cement achieved a complete of N894.025 billion in revenue after tax within the first half (H1) ended June 30, 2025, pushed by robust cement demand throughout infrastructure and housing markets and sustained pricing power.
With the development trade experiencing important progress, cement corporations are well-positioned to capitalise on rising product demand.
The three gamers have established themselves as main gamers available in the market, recognized for his or her high-quality merchandise and robust market presence.
The N894.025 billion web revenue generated by Dangote Cement, Lafarge Africa, and BUA Cement in H1 2025 is a couple of 252.66 per cent enhance over the N253.508 billion generated in H1 2024.
Findings revealed that the present worth of a 50kg bag of cement in Nigeria ranges from N8,500 to N10,500, relying on the model, location, and amount bought.
Specialists have predicted that the worth of cement could stay excessive by way of 2025 attributable to double-digit inflation, rising vitality prices, and steady housing demand. Nonetheless, authorities efforts to stabilise the economic system and enhance native manufacturing might assist management excessive worth fluctuations later within the 12 months.
In the course of the interval below assessment, Dangote Cement recorded a web revenue of N580.455 billion, up from N189.904 billion in H1 2024, a rise of 174.06 per cent 12 months over 12 months.
BUA Cement grew its web revenue by 428.1 per cent to N180.893 billion in comparison with N34.254 billion, whereas Lafarge Africa’s revenue after tax up by 352 per cent to N132.677 billion as towards N29.350 billion recorded in H1 2024.
Concerning Dangote Cement’s H1 efficiency, CardinalStone defined that “the Firm delivered a robust H1 2025 consequence, with earnings rising to N520.5 billion, approach forward of its full-year 2024 efficiency. The consequence was pushed by improved pricing in Nigeria, modest price progress, and a swing to FX positive factors, which helped offset continued stress throughout Pan African operations.”
It said that cement costs are anticipated to stay elevated, whereas Nigerian volumes ought to profit from rising private and non-private sector demand, alongside rising export actions. It mentioned that “margins are additionally more likely to keep agency, supported by decrease materials prices, seemingly reflecting higher procurement, enter efficiencies and continued progress on energy-saving initiatives.”
Additionally, Coronation mentioned the “Lafarge Africa delivered an distinctive H1 2025 efficiency, reporting a revenue after tax of N132.7 billion, up 352 per cent from N29.4 billion within the prior 12 months. This marks the Group’s strongest half-year consequence on report, powered by stable income progress, notable margin enlargement, and a full reversal of overseas change (FX) associated finance expenses.”
Trying forward, the Agency said that “Lafarge is nicely positioned for a robust second half(H2), with tailwinds from continued infrastructure spending by each the federal and state governments, alongside a recovering non-public building sector, pricing self-discipline, and additional positive factors from vitality and logistics optimisation.
“The pending acquisition by Huaxin Cement, anticipated to shut after regulatory approvals, introduces strategic upside by way of potential plant upgrades, regional integration, and doable adjustments in how capital is deployed, together with funding, enlargement, or shareholders’ returns.”
The managing director/CEO of BUA Cement, Yusuf Binji, said that “BUA Cement delivered a robust efficiency within the first half of 2025, reflecting the Firm’s continued progress momentum and operational resilience. The outcomes affirm the enterprise’s constructive trajectory and stakeholders’ confidence in its long-term worth.
He disclosed that “after we began in the beginning of the 12 months, we had been clear-eyed on our priorities: margin restoration and its sustenance, price focus and effectivity, and market penetration.”
The chief government officer of Dangote Cement, Arvind Pathak, mentioned, “We’re happy to report a stable efficiency within the first half of 2025, underscoring the power, resilience, and flexibility of our enterprise amidst enhancements in key macroeconomic indicators.
“Group income grew by 17.7 per cent to N2,071.6 billion, reflecting strategic pricing actions and continued demand for our merchandise throughout markets. Our concentrate on operational effectivity and price containment is delivering tangible outcomes. Group revenue surged by 174.1 per cent to N520.5 billion, surpassing our full-year 2024 revenue in six months. This exceptional efficiency is a testomony to our disciplined execution, robust price management, and the strategic investments we’ve got made through the years.”
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