Dangote Cement Balance Sheet

Financials in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	504,827	397,569	449,831	447,097	283,843	339,843
Cash & Short-Term Investments	504,827	397,569	449,831	447,097	283,843	339,843
Cash Growth	20.87%	-11.62%	0.61%	57.52%	-16.48%	133.03%
Accounts Receivable	503,637	508,197	418,266	303,794	184,698	156,115
Other Receivables	89,136	90,968	79,111	53,536	26,361	34,567
Receivables	597,707	603,361	500,163	419,253	355,728	241,235
Inventory	807,413	814,402	755,679	428,875	257,850	184,260
Prepaid Expenses	34,057	27,217	14,913	9,221	3,836	3,707
Other Current Assets	166,279	129,408	190,435	104,568	122,204	103,997
Total Current Assets	2,110,283	1,971,957	1,911,021	1,409,014	1,023,461	873,042
Property, Plant & Equipment	3,840,715	3,979,395	3,341,751	2,434,847	1,550,844	1,491,425
Long-Term Investments	3,222	3,222	3,005	2,607	2,580	6,528
Other Intangible Assets	15,648	16,383	17,003	12,356	6,225	5,122
Long-Term Accounts Receivable	25,632	23,044	16,877	14,656	17,085	5,980
Long-Term Deferred Tax Assets	16,639	17,757	19,426	25,933	14,193	5,163
Other Long-Term Assets	22,859	28,969	48,580	39,312	1,267	4,759
Total Assets	6,034,998	6,040,727	6,403,238	3,938,725	2,615,655	2,392,019
Accounts Payable	598,261	591,160	550,957	373,787	192,826	253,778
Accrued Expenses	226,940	226,392	225,551	157,019	84,713	84,186
Short-Term Debt	33,765	34,983	318,115	14,946	156,692	137,250
Current Portion of Long-Term Debt	403,977	764,782	927,066	609,310	235,686	264,143
Current Portion of Leases	5,535	6,221	5,860	4,099	1,713	2,187
Current Income Taxes Payable	346,346	297,021	183,160	174,287	167,971	153,385
Current Unearned Revenue	253,267	143,443	153,730	157,719	110,285	94,881
Other Current Liabilities	503,754	539,692	205,145	121,465	71,799	86,673
Total Current Liabilities	2,371,845	2,603,694	2,569,584	1,612,632	1,021,685	1,076,483
Long-Term Debt	307,315	359,810	1,386,383	388,364	333,498	176,562
Long-Term Leases	22,948	24,597	26,317	16,505	8,057	8,019
Long-Term Unearned Revenue	664	708	756	510	320	636
Pension & Post-Retirement Benefits	22,421	21,110	16,600	12,191	8,547	3,219
Long-Term Deferred Tax Liabilities	386,309	353,245	196,422	161,483	154,026	135,003
Other Long-Term Liabilities	58,629	57,427	31,931	21,200	10,575	8,428
Total Liabilities	3,170,131	3,420,591	4,227,993	2,212,885	1,536,708	1,408,350
Common Stock	8,437	8,437	8,437	8,520	8,520	8,520
Additional Paid-In Capital	42,014	42,014	42,014	42,430	42,430	42,430
Retained Earnings	1,820,145	1,505,365	1,027,046	1,098,626	969,478	868,274
Treasury Stock	-41,423	-41,423	-41,423	-86,579	-45,156	-9,833
Comprehensive Income & Other	937,693	1,005,843	1,085,969	628,037	79,097	55,979
Total Common Equity	2,766,866	2,520,236	2,122,043	1,691,034	1,054,369	965,370
Minority Interest	98,001	99,900	53,202	34,806	24,578	18,299
Shareholders' Equity	2,864,867	2,620,136	2,175,245	1,725,840	1,078,947	983,669
Total Liabilities & Equity	6,034,998	6,040,727	6,403,238	3,938,725	2,615,655	2,392,019
Total Debt	773,540	1,190,393	2,663,741	1,033,224	735,646	588,161
Net Cash (Debt)	-268,713	-792,824	-2,213,910	-586,127	-451,803	-248,318
Net Cash Per Share	-16.04	-47.33	-132.16	-34.85	-26.77	-14.61
Filing Date Shares Outstanding	16,752	16,752	16,752	16,752	16,874	17,000
Total Common Shares Outstanding	16,752	16,752	16,752	16,752	16,874	17,000
Working Capital	-261,562	-631,737	-658,563	-203,618	1,776	-203,441
Book Value Per Share	165.16	150.44	126.67	100.94	62.49	56.79
Tangible Book Value	2,751,218	2,503,853	2,105,040	1,678,678	1,048,144	960,248
Tangible Book Value Per Share	164.23	149.46	125.66	100.21	62.12	56.48
Land	65,845	68,905	75,468	-	-	-
Buildings	811,134	746,177	732,637	501,389	276,760	-
Machinery	4,504,115	4,459,740	4,080,059	3,092,543	1,900,358	1,507,785
Construction In Progress	664,002	932,750	487,030	259,318	198,327	378,939
Leasehold Improvements	-	-	-	84,710	44,387	281,115