NIGERIA · BUSINESS AND MARKETS
Key Facts
- —What is happening Dangote Cement will report third-quarter results after its board meets on Tuesday, 27 October 2026, two days earlier than first planned.
- —Why it matters It is Africa’s largest cement producer and a Nigerian stock-market heavyweight, and last year it earned 743.3 billion naira (about US$561 million) in nine months.
- —The numbers First-half profit after tax was 638.5 billion naira (about US$482 million), so the third quarter needs only about 104.7 billion naira (about US$79 million) to match last year’s nine-month profit.
- —Who is who Arvind Pathak is chief executive, and the Nigerian Exchange (NGX) in Lagos is where the shares trade.
- —What to watch The release itself, any dividend and the volume and export figures for the nine months to 30 September.
- —What it means for you For US readers it is a test of how a key African industrial firm handles the higher fuel costs its half-year report cites, with no forecast or advice from us.
Dangote Cement, Africa’s largest cement producer, will report its third-quarter results after its board meets on Tuesday, 27 October 2026. The meeting was brought forward from Thursday, 29 October, in a notice to the Nigerian Exchange on 15 October.
Dangote Cement said on Thursday, 15 October 2026, that its board will now meet on Tuesday, 27 October. The meeting will consider unaudited results for the quarter ended 30 September.
The earlier date, set in a notice on 30 September, was Thursday, 29 October. The notice gives no reason for moving it two days earlier.
What the Notice Says
The notice is signed by Company Secretary Edward Imoedemhe and was filed with the Nigerian Exchange (NGX), the Lagos stock exchange. It says the board will discuss various matters, including the unaudited financial statements for the third quarter of 2026.
The company has been in a closed trading period since 1 October, which bars insiders from dealing in its shares. The ban ends 24 hours after the results and the board’s resolutions are made public.
The notice does not give a time for the release or say whether a dividend is on the agenda. It also names no date for an analyst call.
Where the Numbers Stand After Six Months
On Wednesday, 29 July 2026, Dangote Cement reported first-half revenue up 21.4% to 2,513.9 billion naira (about US$1.90 billion). Profit after tax rose 22.7% to 638.5 billion naira (about US$482 million).
EBITDA, a measure of operating profit before interest, tax and depreciation, rose 25.8% to 1,188.3 billion naira (about US$897 million). The margin was 47.3%, and earnings per share were 38.22 naira (about US$0.03).
Group volumes rose 11.8% to 14.9 million tonnes, and Nigerian exports of cement and clinker rose 62.3% to 1.1 million tonnes. Clinker is the semi-finished material that is ground into cement.
The company ended June with net cash of 215.2 billion naira (about US$162 million), meaning cash exceeded total debt. Chief Executive Arvind Pathak said the new 6 million tonne Itori plant should be completed before the end of the year.
Live Company IntelligenceDangote Cement Plc — the full investor dossier
Valuation & profitability
Ownership
Dividend
The Bar Set Last Year
The nine-month release for 2025, dated Monday, 27 October 2025, showed revenue of 3,154.8 billion naira (about US$2.38 billion). Profit after tax rose 166.3% to 743.3 billion naira (about US$561 million).
EBITDA was 1,428.2 billion naira (about US$1.08 billion), and group volumes fell 2.1% to 20.2 million tonnes. Those figures are the comparison base for the new nine-month numbers.
By subtracting the first-half comparatives, the third quarter of 2025 alone earned about 222.8 billion naira (about US$168 million) after tax. That is a simple subtraction by The Rio Times, not a stand-alone figure in the company’s releases.
To match last year’s nine-month profit, the third quarter of 2026 needs only about 104.7 billion naira (about US$79 million) after tax. That is because the first half already delivered 638.5 billion naira (about US$482 million), if the earlier figures are not restated.
What Moved the Shares
Nairametrics said the shares rose from 963 naira (about US$0.73) on 30 June to 1,066.70 naira (about US$0.81) on 30 September. That is a gain of about 10.8% in the third quarter, it reported on 8 October.
On Monday, 19 October, the shares fell 5.50%, or 58.70 naira, to close at 1,008 naira (about US$0.76), Nairametrics reported. The fall pulled down the NGX Industrial Index in a session the outlet called bearish.
We did not find a confirmed closing price for 23 October. Share prices can move before the results, and this article takes no view on direction.
Who Is Who
Dangote Cement is Africa’s largest cement producer, with 55 million tonnes of annual capacity, of which 35.25 million tonnes are in Nigeria. It also operates in Cameroon, Congo, Ghana, Ethiopia, Senegal, Sierra Leone, South Africa, Tanzania, Zambia and Cote d’Ivoire.
Arvind Pathak is chief executive, and the company’s stated target is 80 million tonnes of capacity by 2030. The Nigerian Exchange is the Lagos market where its shares trade.
Our Dangote Cement Company Intelligence profile has background on the group. This article covers only the results date and the numbers published so far.
What It Means for US Readers
Dangote Cement is a bellwether for building and exports in Nigeria, Africa’s most populous country. Its half-year report says fuel prices rose after the Middle East conflict and that inflation was 15.91% in June.
The same report says the central bank kept its benchmark rate at 26.5%. Cement demand depends on building activity, which high borrowing costs can slow.
The shares trade in Lagos in naira, so any US dollar view carries currency risk as well as company risk. At 1,324.60 naira per US$1 on 23 October, the 19 October close of 1,008 naira is about US$0.76 a share.
Readers whose funds hold Nigerian stocks can compare the 27 October figures with the base above. We give no forecast and no investment advice.
What Is Not Known
The third-quarter results themselves are not known, so nothing here predicts revenue, profit or volumes. The release time, any dividend and the date of an analyst call have not been published.
The notice does not explain why the meeting moved from 29 to 27 October. We also could not confirm the 23 October closing price of the shares.
What Comes Next
The board meets on Tuesday, 27 October, and the closed trading period ends 24 hours after the results are released. The Nigerian Exchange posts company filings on its announcements page, where the results should appear.
We will report the numbers when the company publishes them. Until then, the first-half and 2025 figures above are the reference points.
Frequently Asked Questions
When will Dangote Cement report its Q3 2026 results?
The board meets on Tuesday, 27 October 2026, to consider the unaudited results for the quarter to 30 September. The exact release time has not been announced.
Why did the board meeting date change?
The notice of 15 October moved the meeting from 29 to 27 October but gives no reason. It says all other details in the 30 September notice stay unchanged.
What is a closed trading period?
It is a ban on dealing in a company’s shares by insiders who may hold price-sensitive information. For Dangote Cement it began on 1 October and ends 24 hours after the results are released.
How did Dangote Cement do in the first half of 2026?
Revenue rose 21.4% to 2,513.9 billion naira (about US$1.90 billion). Profit after tax rose 22.7% to 638.5 billion naira (about US$482 million).
What did Dangote Cement earn in the first nine months of 2025?
Profit after tax was 743.3 billion naira (about US$561 million) on revenue of 3,154.8 billion naira (about US$2.38 billion). The release is dated 27 October 2025.
Sources: Dangote Cement notice to the NGX, 15 October 2026; Dangote Cement notice to the NGX, 30 September 2026; Dangote Cement H1 2026 results release, 29 July 2026; Dangote Cement 9M 2025 results release, 27 October 2025; Nairametrics, 8 October 2026; Nairametrics, 19 October 2026; First Daily News; open.er-api.com exchange rates, 23 October 2026, 00:02 UTC (all accessed 23 October 2026).
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief
Part of our ongoing coverage
Africa: The New Scramble — the great-power contest over the continent.
LatAm Markets: Live Signals → — real-time movers, turnover leaders and FX across Latin America.