With a combined profit before tax of N456.68 billion in the first quarter, a stunning 52 percent increase over the N300.61 billion recorded in the same period last year, Dangote Group’s three publicly listed businesses had a strong start to 2026.
Rising revenues, increased operational efficiency, and lower production costs across key group companies drive the impressive performance, The News Chronicle reports. Dangote Cement led the earnings rebound with a pre-tax profit of N421.1 billion, up 35% from N311.9 billion a year earlier. The company also saw revenue rise to N1.19 trillion and profit after tax reach N321.09 billion.
Even with lesser top-line performance, NASCON Allied Industries kept its development trajectory. Lower manufacturing costs helped the company’s profit before tax increase by more than 32 percent to N14.98 billion.
Meanwhile, Dangote Sugar Refinery made a remarkable recovery following losses in the prior year. The company’s N20.6 billion pretax profit offset the N22.6 billion loss reported in the same period of 2025. A significant drop in raw material and production costs helped to drive the turnaround.
The good quarterly results help investors to trust Dangote businesses even more since many of them have seen major gains on the Nigerian Exchange this year.
