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	-	397,569	449,831	447,097	283,843	339,843
Cash & Short-Term Investments	397,569	397,569	449,831	447,097	283,843	339,843
Cash Growth	-4.81%	-11.62%	0.61%	57.52%	-16.48%	133.03%
Accounts Receivable	-	508,197	418,266	303,794	184,698	156,115
Other Receivables	-	90,968	79,111	53,536	26,361	34,567
Receivables	-	603,361	500,163	419,253	355,728	241,235
Inventory	-	814,402	755,679	428,875	257,850	184,260
Prepaid Expenses	-	27,217	14,913	9,221	3,836	3,707
Other Current Assets	-	129,408	190,435	104,568	122,204	103,997
Total Current Assets	-	1,971,957	1,911,021	1,409,014	1,023,461	873,042
Property, Plant & Equipment	-	3,979,395	3,341,751	2,434,847	1,550,844	1,491,425
Long-Term Investments	-	3,222	3,005	2,607	2,580	6,528
Other Intangible Assets	-	16,383	17,003	12,356	6,225	5,122
Long-Term Accounts Receivable	-	23,044	16,877	14,656	17,085	5,980
Long-Term Deferred Tax Assets	-	17,757	19,426	25,933	14,193	5,163
Other Long-Term Assets	-	28,969	48,580	39,312	1,267	4,759
Total Assets	-	6,040,727	6,403,238	3,938,725	2,615,655	2,392,019
Accounts Payable	-	591,160	550,957	373,787	192,826	253,778
Accrued Expenses	-	226,392	225,551	157,019	84,713	84,186
Short-Term Debt	-	34,983	318,115	14,946	156,692	137,250
Current Portion of Long-Term Debt	-	764,782	927,066	609,310	235,686	264,143
Current Portion of Leases	-	6,221	5,860	4,099	1,713	2,187
Current Income Taxes Payable	-	297,021	183,160	174,287	167,971	153,385
Current Unearned Revenue	-	143,443	153,730	157,719	110,285	94,881
Other Current Liabilities	-	539,692	205,145	121,465	71,799	86,673
Total Current Liabilities	-	2,603,694	2,569,584	1,612,632	1,021,685	1,076,483
Long-Term Debt	-	359,810	1,386,383	388,364	333,498	176,562
Long-Term Leases	-	24,597	26,317	16,505	8,057	8,019
Long-Term Unearned Revenue	-	708	756	510	320	636
Pension & Post-Retirement Benefits	-	21,110	16,600	12,191	8,547	3,219
Long-Term Deferred Tax Liabilities	-	353,245	196,422	161,483	154,026	135,003
Other Long-Term Liabilities	-	57,427	31,931	21,200	10,575	8,428
Total Liabilities	-	3,420,591	4,227,993	2,212,885	1,536,708	1,408,350
Common Stock	-	8,437	8,437	8,520	8,520	8,520
Additional Paid-In Capital	-	42,014	42,014	42,430	42,430	42,430
Retained Earnings	-	1,505,365	1,027,046	1,098,626	969,478	868,274
Treasury Stock	-	-41,423	-41,423	-86,579	-45,156	-9,833
Comprehensive Income & Other	-	1,005,843	1,085,969	628,037	79,097	55,979
Total Common Equity	2,520,236	2,520,236	2,122,043	1,691,034	1,054,369	965,370
Minority Interest	-	99,900	53,202	34,806	24,578	18,299
Shareholders' Equity	2,620,136	2,620,136	2,175,245	1,725,840	1,078,947	983,669
Total Liabilities & Equity	-	6,040,727	6,403,238	3,938,725	2,615,655	2,392,019
Total Debt	1,190,393	1,190,393	2,663,741	1,033,224	735,646	588,161
Net Cash (Debt)	-792,824	-792,824	-2,213,910	-586,127	-451,803	-248,318
Net Cash Per Share	-47.50	-47.33	-132.16	-34.85	-26.77	-14.61
Filing Date Shares Outstanding	16,776	16,752	16,752	16,752	16,874	17,000
Total Common Shares Outstanding	16,776	16,752	16,752	16,752	16,874	17,000
Working Capital	-	-631,737	-658,563	-203,618	1,776	-203,441
Book Value Per Share	150.44	150.44	126.67	100.94	62.49	56.79
Tangible Book Value	2,503,853	2,503,853	2,105,040	1,678,678	1,048,144	960,248
Tangible Book Value Per Share	149.46	149.46	125.66	100.21	62.12	56.48
Land	-	68,905	75,468	-	-	-
Buildings	-	746,177	732,637	501,389	276,760	-
Machinery	-	4,459,740	4,080,059	3,092,543	1,900,358	1,507,785
Construction In Progress	-	932,750	487,030	259,318	198,327	378,939
Leasehold Improvements	-	-	-	84,710	44,387	281,115

Source: S&P Global Market Intelligence. Standard template. Financial Sources.